$TME

US futures were mixed on Thursday, with investors focusing on Micron's outlook, Nike's earnings, and economic data. Micron shares rose after a strong revenue forecast, while Nike shares fell ahead of results. Oracle shares gained on news of a $7B chip lease deal with Tencent. Treasury yields rose, and September employment data is awaited.

Tencent Music's VP, Tsai-Chun Pan, exercised 155,320 stock options at $3.86 per ADS on September 29, 2026, acquiring 155,320 ADSs. The options, granted in March 2022, were fully vested after meeting performance criteria. Pan now holds 4,236,706 ADSs. Each ADS represents 2 Class A Ordinary Shares.

Tencent Music Entertainment (TME) operates major music platforms in China, including QQ Music, Kugou, Kuwo, and WeSing. The company's stock has declined 69% over the past year, trading at $7.97 as of Sept. 15, 2026. TME announced a $400 million share repurchase program, reflecting financial discipline. The company's proprietary Superscore is 71 out of 100, placing it in the Above Average category. Strengths include a successful subscription pivot, dominant market share, and operating margin expa

Tencent Music (TME) shares fell due to Q2 revenue growth slowdown and margin squeeze warnings from Ximalaya integration. Analyst downgrades and competition from ByteDance's Soda Music added to investor concerns. Broader sector weakness and funding cost worries further pressured the stock. Long-term growth potential exists from expanding music services and membership base, but margin pressure and competition pose risks.

Tencent Music (TME) updated its Form F-3 shelf registration, adding documents for two series of notes: $500M 5.05% notes due 2031 and $500M 5.65% notes due 2036. The filing includes a supplemental indenture with The Bank of New York Mellon and a legal opinion from Davis Polk & Wardwell. This is a registration step, not an indication of issuance or receipt of proceeds.

Tencent Music (TME) raised $1 billion in senior notes, netting $991.9 million. Proceeds will refinance offshore debt and fund share buybacks. The notes have coupons of 5.050% (2031) and 5.650% (2036). TME has 800 million active users and 120 million paying subscribers, with a 56% market share in China's streaming sector. The notes will list on the Hong Kong Stock Exchange on September 11, 2026.

Tencent Music Entertainment Group (TME) closed a US$1,000 million notes offering, including US$500 million of 5.050% notes due 2031 and US$500 million of 5.650% notes due 2036. Net proceeds were approximately US$991.9 million, to be used for general corporate purposes, including refinancing and share repurchases. The notes are expected to list on the Hong Kong stock exchange on September 11, 2026.

Tencent Music launched 'Free Music,' a new app offering free music with ad-supported listening. The app targets price-sensitive users, complementing its paid services like QQ Music and Kugou Music. This move follows the success of Hongguo Short Drama, which gained 168 million daily active users by offering free content. Tencent Music aims to attract and retain users unwilling to pay for subscriptions.

Tencent Music (TME) reported Q2 revenue of RMB14.119B, up 11.5% YoY, but net profit fell 31.9% YoY. The company raised US$992M via senior notes, with tranches priced at 5.05% and 5.65% due in 2031 and 2036, respectively.

Tencent Music (TME) filed a Form 6-K to include an underwriting agreement in its existing Form F-3 registration statement, allowing it to raise capital quickly. The agreement, filed as Exhibit 1.1, is effective unless superseded by later filings. The filing was signed by Cussion Kar Shun Pang, TME's Executive Chairman.