Tencent Music shares double with thriving online music industry, expanding into podcasts and K-pop.

From Yahoo Finance: 2025-06-20 10:29:00

China’s online music industry is thriving, with Tencent Music and NetEase Cloud Music shares doubling since late 2023. Tencent Music leads with 555 million monthly active users, 22% paid subscribers. Goldman Sachs predicts a rise in premium members and revenue per paid user growth. Tencent Music is expanding into podcasts and K-pop.

Tencent Music’s Super Premium VIP tier offers exclusive content for $4/month, driving revenue growth. The industry has consolidated, leaving Tencent Music and NetEase in a duopoly. Analysts predict Tencent Music’s stock to rise, currently trading at 21 times forward earnings estimates.

Baidu Inc. plans to launch its Apollo Go robotaxi service in Singapore and Malaysia. Taiwan Semiconductor Manufacturing Co. stock lags behind smaller rival United Microelectronics Corp. due to yield-focused exchange-traded funds. Analysts rate Tencent Music as attractive compared to Spotify.

Read more: Tencent Music Shares Double on Break From China Price Cut Script