Why Tencent Music Shares Are Trading Lower Today

Tencent Music Entertainment Group - ADR TME shares are trading lower by 4.2% at $12.35 on reports Chinese antitrust authorities will order the company to give up its music label exclusivity.

Tencent Music Entertainment Group is an online music entertainment platform in China. Its platform comprises online music, online karaoke and music-centric live streaming services, supported by content offerings, technology and data.

Tencent Music Entertainment Group has a 52-week high of $32.25 and a 52-week low of $12.08.