This article only represents the author's own views.
Singing the blues, or hitting all the right notes?
Those are two potential interpretations one could make based on the latest quarterly results from Tencent Music Entertainment Group (TME.US), China’s equivalent of Spotify (SPOT.US), which is the country’s dominant provider of online music services. Investors seem to be taking the former view, with Tencent Music shares falling 1.5% on Tuesday after the results came out, even as China tech stocks staged a broader rally.
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