Tencent Music Entertainment IPO: Read Throughs from Momo's and YY's 3Q18
Two takeaways from Momo Inc's (MOMO US) and YY Inc's ADR (YY US) 3Q18 are 1) live streaming sales growth decelerated swiftly plus subdued 4Q18...
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Tencent Music: Will TME Avoid the Fate of Its Troubled Streaming Peers?
One of the key areas of pushback for the Tencent Music Entertainment (TME US) IPO stems from worries about recent IPO Spotify (SPOT US) and...
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Tencent Music Entertainment IPO Valuation: With Bearish Thesis Validated, Fair Value Below Low End
Based on IPO price range of US$13 to US$15 per ADR, we do not think that Tencent Music Entertainment (TME US) is attractively valued. 3Q18...
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Tencent Music Entertainment Group – Back in the Groove with an Unjustified Valuation Multiple
The proposed IPO of Tencent Music Entertainment (TME US) although highly anticipated is no slam dunk for investors. China's online social...
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Tencent Music Entertainment IPO: Live Streaming Industry Dynamics Portend Much Slower Growth Ahead
The understanding of Chinese live streaming industry is key in predicting the growth prospect of Tencent Music Entertainment (TME US). Our finding...
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