Tencent Music Entertainment’s 7% Gain Leads Music Stocks This Week ...Middle East

Tencent Music Entertainment topped all music stocks this week after second-quarter earnings on Tuesday helped the company’s share price gain 7.2% to $6.53. The Chinese music streaming company, traded on both the New York Stock Exchange and the Hong Kong Stock Exchange, reported second quarter revenue of $1.01 billion (up 5.5% year over year) and net profit of $179 million (up 51.6%). Related Conservatives' Tendency to Buy Downloads Could Send ‘Rich Men North of Richmond’ to…

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