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Deutsche Bank Upgrades Tencent Music(TME.US) to Buy Rating
Deutsche Bank Upgrades Tencent Music Entertainment Group to Buy From Hold
Tencent Music: Is the IPO breaking? What happened to the penguin empire's offspring?
On December 13, Tencent Group's online music Entertainment Business was successfully listed, raising over 1 billion dollars in a market environment where the overall performance of Large Cap stocks and Chinese concept stocks was poor.
Tencent Music-SW (1698.HK): A rich platform ecosystem drives the continuous increase in the payment rate.
In Q4 2024, revenue was 7.46 billion yuan (up 8% year-over-year, up 6% quarter-over-quarter), with a gross margin of 43.6% (up 5.3 percentage points year-over-year, up 1 percentage point quarter-over-quarter), mainly benefiting from strong growth in music subscription and advertising service revenues.
The application of AI in China is accelerating, where will the next "super application" be?
With the new wave of AI enthusiasm sparked by large models, combined with the Chinese government's key task deployment for AI. In recent years, 'AI+' has been mentioned multiple times in important meetings and documents at both the central and local levels, making the implementation of large models an important direction. What does this mean for domestically-developed large models?
US stock market closing | The three major Indexes rose slightly, with most Growth Tech stocks increasing, and Tesla rose another 3.5%; Chinese concept stocks continued to adjust, with PDD Holdings dropping over 2%.
The three major U.S. stock indices briefly turned down, but the S&P and Nasdaq ended with slight gains. Among the Magnificent 7, only NVIDIA fell, while Tesla rose over 3%; after the Earnings Reports, nuclear energy stock Oklo dropped over 6%; Trump's media company rose nearly 9%. Following consumer confidence, U.S. Treasury yields refreshed their daily lows. The USD ended a four-day winning streak. Crude Oil Product turned down during trading; Gold reversed two consecutive losses; London Copper closed above 0.01 million dollars, hitting a nearly ten-month high.