Tencent Music Entertainment Group – Back in the Groove with an Unjustified Valuation Multiple
Follow Antya Investments The proposed IPO of Tencent Music Entertainment (TME US) although highly anticipated is no slam dunk for investors. China’s online social entertainment market is hyper -competitive with multiple players vying for attention. Online music streaming is no less competitive with Baidu Inc (ADR) (BIDU US) and Netease Inc (Adr) (NTES US) joining […]