Why Tencent Music Entertainment (TME) Stock Is Falling

Tencent Music Entertainment Group – ADR TME shares are trading lower by 4.51% to $12.18 during Friday’s session after the company announced board changes.

What To Know: Tencent Music Entertainment announced the retirement of Board Director Matthew Yun Ming Cheng, effective Friday. Replacing him is Wai Yip Tsang, who Tencent Music says brings extensive financial expertise to the company.

Executive Chairman Cussion Pang thanked Cheng for his contributions since 2022, highlighting his role in TME's growth and innovation. Pang also welcomed Tsang, emphasizing his deep financial background and strategic insights.

Tsang currently serves as the Financial Controller at Tencent Holdings and has held senior financial roles at companies listed on the Hong Kong, New York and New Zealand stock exchanges.

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How To Buy TME Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Tencent Music Enter Gr TME's case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, TME has a 52-week high of $15.77 and a 52-week low of $9.14.