HU-TMEG@EC2605A

Citi Sees TME Q4 2025 Earnings Meeting Expectations

JYP Entertainment Establishes Joint Venture ONECEAD with TME and CJ E&M

Yuanbao AI to Launch Public Beta with Free Premium Content Features

CLSA: TME's stock price over-sold, investment value present

Nomura Upgrades Tencent Music to Buy but Cuts Price Target

Tencent Music Launches AI Music Creation Tool VEMUS

Morgan Stanley Downgrades TME's Target Price

Tencent Music and China Aviation Media Reach In-Flight Entertainment Content Partnership

Nomura Report States TME Maintains Leadership in Chinese Online Music Market

China Music Copyright Association Signs Strategic Copyright Cooperation Agreement with Tencent Music

Tencent Music Introduces AutoMQ to Reduce Kafka's Operation Cost and Complexity

CITIC Securities Maintains Buy Rating for Tencent Music A Shares with Target Price

Huatai Securities Maintains Buy Rating on Tencent Music's Class A Shares

Morgan Stanley Reiterates Buy Rating on Tencent Music with a Target Price of HKD 107.25

Citibank Maintains Buy Rating on Tencent Music Entertainment Group

CCB International Maintains Overweight Rating on Tencent Music

Barclays Raises Target Price for Tencent Music to $28

Benchmark Downgrades TME Target Price to $25

CLSA Reiterates Overweight Ratings for NetEase Cloud Music and Tencent Music

HSBC 上调 TME revenue forecasts but lowers target price

STARCOIN GROUP

AE LOGISTICS

GUANZE MEDICAL

WATER INDUSTRY

ZHONGSHI MINAN

IDT INT'L

HAIZHI TECH GP

MANY IDEA CLOUD

FIRST CAP GP

XL2CSOPCOIN-U

.HXC

688303

TCOM

01698

The NASDAQ Golden Dragon China Index initially closed down 0.1%. Among popular Chinese concept stocks, Tencent Music initially closed down 3.2%, Daqo Energy fell 2.6%, Kingsoft Cloud and PONY-W both fell over 2%, GDS dropped 1.9%, while Huazhu rose 2.9% and Trip.com increased by 3%

Wallstreetcn

NASDAQ Golden Dragon China Index

Daqo Energy

PONY-W

Trip.com

Tencent Music

TRIP.COM-S

GDS-SW

TME-SW

Kingsoft Cloud

iShares MSCI China

Roundhill China Dragons ETF

Invesco Golden Dragon China

UNVGY

A bedding company, Cathay Home Inc, has abandoned its application for a federal "Swift Home" trademark after Taylor Swift's company opposed it, claiming the logo closely resembles Swift's trademarked signature. Cathay's attorney stated the company decided not to pursue the registration as it was not essential to their business. Swift's filing argued that the proposed trademark would mislead consumers into thinking she endorsed Cathay's products. Cathay previously had a coexistence agreement with Swift for another trademark, but did not respond to her opposition in this case.

- A bedding company, Cathay Home Inc, has abandoned its application for a federal “Swift Home” trademark after Taylor Swift's company raised concerns about consumer confusion regarding the trademark resembling Swift’s signature.  
- Swift's company argued that the logo might mislead consumers into believing she endorsed Cathay's products, as she owns trademarks related to her name on similar goods.  
- The abandonment of the application was not yet reflected in the U.S. Patent and Trademark Office’s records, and there was no immediate comment from Swift's representatives.

Reuters

Universal Music Group N.V.

Warner Music Group - CL

'Swift Home' trademark abandoned after Taylor Swift opposition

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KNOWLEDGE ATLAS(02513) rose 20.65%, with a trading turnover 2.4 Billion HKD, and a year-to-date rose 317.4%. MINIMAX-WP(00100) rose 15.65%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 312.1%. TME-SW(01698) fell 9.23%, with a trading turnover 247.1 Million HKD, and a year-to-date fell 14.5%. ZIJIN MINING(02899) fell 7.64%, with a trading turnover 4.1 Billion HKD, and a year-to-date rose 16.6%.

Top Gainers & Losers

KNOWLEDGE ATLAS

MINIMAX-WP

CTG DUTY-FREE

GIGADEVICE

LENOVO GROUP

ZIJIN MINING

CMOC

Top 5 HK Stock Gainers/Losers (>100B) (2.13)

00975

06600

06088

02720

00023

03858

02865

06869

01258

MONGOL MINING(00975) fell 17.66%, with a trading turnover 303.5 Million HKD, and a year-to-date rose 11.5%. ONEROBOTICS(06600) fell 13.69%, with a trading turnover 110.9 Million HKD, and a year-to-date rose 111%. FIT HON TENG(06088) fell 12.4%, with a trading turnover 506.7 Million HKD, and a year-to-date rose 11.3%.

MONGOL MINING

ONEROBOTICS

FIT HON TENG

RIDGE OUTDOOR

BANK OF E ASIA

JIAXIN INTL RES

DRINDA

YOFC

CHINFMINING

Top 10 HK Stock Losers (2.13)

516620

516190

Activist investor Independent Franchise Partners has acquired a 3.01% stake in Universal Music Group, making it the sixth largest shareholder. The investment firm also holds a 5.37% stake in Vivendi, which, along with the Bolloré family, controls over 30% of Universal Music. Additionally, Independent Franchise Partners has a 5.86% stake in Rightmove. Founded in 2009, the firm focuses on high-quality franchises with intangible assets that provide a competitive edge. Universal Music has not yet commented on the matter.

- Activist investor Independent Franchise Partners has acquired a 3.01% stake in Universal Music Group, becoming the sixth largest shareholder.  
- The investor also holds a 5.37% stake in Vivendi, which, along with the Bolloré family, owns over 30% of Universal Music Group.  
- Founded in 2009, Independent Franchise Partners focuses on high-quality franchises with intangible assets, and also has a 5.86% stake in Rightmove.

Guotai CSI Movies Theme ETF

ChinaAMC CSI Cultural Entertainment Media ETF

Activist investor Independent Franchise Partners takes 3% stake in Universal Music, filing shows

WXXWY

02269

Hong Kong stocks fell 1.7% to 26,588, marking a second consecutive session of losses due to Wall Street's decline amid AI disruption concerns. China's new home prices dropped 3.3% year-on-year in January, the largest decrease in seven months, impacting market sentiment. All sectors declined, particularly financials, consumer names, and tech. Notable declines included Tencent Music (-9.2%) and Wuxi Biologics (-4.2%). Despite these losses, reports of delayed U.S. tech security measures provided some support. The market showed little change for the week, with trading paused for the Lunar New Year holiday.

- Hong Kong stocks fell 446 points, or 1.7%, to 26,588, influenced by a decline on Wall Street amid AI disruption concerns.  
- China's new home prices decreased by 3.3% year-on-year in January, the largest drop in seven months, impacting property market stability and investor sentiment.  
- Key stocks such as Tencent Music and Wuxi Biologics experienced significant losses, while reports of delayed U.S. tech security measures provided some support ahead of the upcoming U.S.-China summit.

Trading Economics

WuXi Biologics

WUXI BIO

Hong Kong Shares Under Pressure, Weekly Performance Muted

03088

BABA

03032

09626

00HSI

STECH

09888

BABX

KBAB

BIDU

BILI

Tencent Music fell over 6%, Bilibili and Baidu Group fell over 3%, and Alibaba fell nearly 3%. Risk warning and disclaimer: The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk

CAM HS TECH

Alibaba

HSTECH ETF

ISHARESHSTECH

CSOP HS TECH

BILIBILI-W

Huaan Hang Seng Technology ETF(QDII)

Hang Seng Index

China Southern Hang Seng ETF

GX HS TECH

Tianhong Hang Seng TECH ETF(QDII)

Hang Seng TECH Index

BIDU-SW

Hang Seng TECH ETF I

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

ChinaAMC Hang Seng Technology ETF(QDII)

Baidu

Dacheng Hang Seng Technology ETF(QDII)

Bilibili

BABA-W

The Hang Seng Index opened down 1.45%, and the Hang Seng TECH Index fell 1.59%

The NASDAQ Golden Dragon China Index initially closed down 2.9%. Among popular Chinese concept stocks, Tencent Music initially closed down 10%, Trip.com fell 6%, KE dropped 5.8%, Bilibili, Baidu, CSI Solar, and YUM China fell over 4%, Alibaba dropped 3.4%, Atour rose 1.2%, and Century Internet rose 3.7%

Global X E-commerce ETF

Guotai MSCI China A ESG General ETF

YUM China

ALI HEALTH

YUM CHINA

BEKE-W

CSI Solar

Yinhua MSCI China A ETF

Direxion FTSE China Bull 3X

Universal Music Group and ClicknClear have signed a global licensing deal allowing athletes to use UMG's music for choreographed sports routines. This agreement follows a rights dispute at the Milano Cortina Olympics, where a Spanish figure skater faced issues with music licensing. The deal aims to meet the demand for music licensing in sports, providing new monetization opportunities for UMG artists and ensuring compliance for athletes and federations. ClicknClear will offer licensing tools to streamline the process, addressing the complexities of music rights in competitive sports.

- Universal Music Group and ClicknClear have signed a global licensing deal allowing athletes to use UMG's music for choreographed sports routines.  
- This agreement follows a rights dispute involving a Spanish figure skater at the Milano Cortina Olympics, highlighting the demand for music licensing in sports.  
- ClicknClear will provide compliance tools to ensure proper licensing, potentially opening new revenue streams for UMG artists and enriching athletes’ performances.

Invesco Leisure & ENT ETF

Olympics-Universal Music and ClicknClear sign global deal for sports routines

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ZIJIN GOLD INTL(02259) rose 9.06%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 56.7%. BILIBILI-W(09626) rose 5.16%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 31.1%. POP MART(09992) fell 5.49%, with a trading turnover 4.4 Billion HKD, and a year-to-date rose 35.9%. MINIMAX-WP(00100) fell 4.82%, with a trading turnover 681.6 Million HKD, and a year-to-date rose 210.9%.

- The Hang Seng Index increased by 0.31%, with a year-to-date gain of 6.4%, while the Hang Seng Tech Index rose by 0.9%, showing a year-to-date decline of 0.3%.  
- Zijin Mining International (02259) saw a rise of 9.06% with a trading volume of HKD 1.7 billion, resulting in a year-to-date increase of 56.7%.  
- Bilibili-W (09626) grew by 5.16%, with a trading volume of HKD 1.22 billion, reflecting a year-to-date increase of 31.1%, whereas Pop Mart (09992) fell by 5.49%, despite a year-to-date increase of 35.9%.

ZIJIN GOLD INTL

GANFENGLITHIUM

TECHTRONIC IND

POP MART

CHINA LIFE

MONTAGE TECH

CPIC

Top 5 HK Stock Gainers/Losers (>100B) (2.11)

517770

159855

UNIVERSAL’S DOWNTOWN MUSIC TAKEOVER TO GET EU BLESSING - FT

AXA SPDB CSI Hugangshen Game and Culture Media ETF

Yinhua CSI Movies Theme ETF

Universal's Downtown Music Takeover To Get EU Blessing - FT

KPDD

36Kr learned that most popular Chinese concept stocks rose in pre-market trading in the U.S. As of the time of writing, iQIYI rose over 1%, Li Auto and Tencent Music rose nearly 1%, Alibaba rose 0.79%, XPeng rose 0.74%, JD.com and PDD rose 0.5%; Baidu fell 0.02%

36Kr

KraneShares 2x Long PDD Daily ETF

ISHRS S&P Glb It

JD.com

iQIYI

Global X Autonomous & Electric V

Hua Xia CSI New Energy Vehicles ETF

KraneShares 2x Long JD Daily ETF

GraniteShares 2x Long PDD Daily ETF

Krne Csi China Internet

Li Auto

XPeng

LI AUTO-W

XPENG-W

Most popular Chinese concept stocks in the U.S. pre-market are up, with iQIYI rising over 1%

Tencent Music Entertainment Group will report its unaudited financial results for Q4 and full year 2025 on March 17, 2026, before U.S. market opens. A management webinar will discuss the results at 7:00 A.M. ET (7:00 P.M. Beijing/Hong Kong Time). Registration is available via links for Chinese Mainland and International participants. A live and archived webcast will be accessible on the investor relations website.

- Tencent Music Entertainment Group will report its unaudited financial results for Q4 and full year 2025 before the U.S. market opens on March 17, 2026.  
- A Tencent Meeting Webinar will be held on the same day at 7:00 A.M. Eastern Time to discuss the business and financial performance.  
- Interested participants can register in advance, and a live webcast will be available on the company's investor relations website.

Tencent Music Entertainment Group to Report Fourth Quarter and Full Year 2025 Results

HU-TMEG@EC2605A(18178.HK)

The NASDAQ Golden Dragon China Index initially closed down 0.1%. Among popular Chinese concept stocks, Tencent Music initially closed down 3.2%, Daqo Energy fell 2.6%, Kingsoft Cloud and PONY-W both fell over 2%, GDS dropped 1.9%, while Huazhu rose 2.9% and Trip.com increased by 3%

'Swift Home' trademark abandoned after Taylor Swift opposition

Top 5 HK Stock Gainers/Losers (>100B) (2.13)

Top 10 HK Stock Losers (2.13)

Activist investor Independent Franchise Partners takes 3% stake in Universal Music, filing shows