Stock of Tencent Music Entertainment Group (TME) is trading over 6 percent on Monday following the announcement of fourth-quarter results, which revealed earnings of RMB 1.96 billion, or $268 million compared to RMB 1.31 billion last year.
The stock is currently moving up 6.27 percent, to $13.88 on the New York Stock Exchange. It has traded between $9.41 and $15.77 in the last one year.
Additionally, the company also announced a new share buyback program of up to $1 billion for Class A ordinary shares over 24 months, starting in March 2025.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.