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name
ByteDance
BYTED.NA
A Chinese multinational internet technology company.
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In the face of competition from ByteDance's "Soda Music," Tencent Music's growth relies on "premium memberships + offline concerts."

Tencent Music is building a new growth engine by expanding its premium membership and enhancing its offline concert business to cope with market competition and enhance user value. Citigroup analysts believe that concerns about competition leading to pressure on the stock price are "unfounded," and point out that its multi-tiered membership system and offline ecological closed loop constitute a solid moat that will drive the company's sustainable growth

Wallstreetcn·
US
TME
-1.74%
HK
01698
-2.05%
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Wallstreetcn·
US
TME
-1.74%
HK
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TikTok launches its own version of Instagram’s broadcast channels

TikTok has launched 'bulletin board,' a new feature similar to Instagram's broadcast channels, allowing brands and creators to share public messages with followers. Only creators can post, while followers can leave emoji reactions. The feature supports text, image, and video posts and is available to creators with at least 50,000 followers. It aims to help build community and share exclusive content. The feature was tested in June and adheres to TikTok's Community Guidelines.

TechCrunch·
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TechCrunch·
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Tencent Music (Minutes): Subscription growth slightly slowed, short-term investments impact profitability

The following are the minutes of Tencent Music's 3Q25 earnings conference call organized by Dolphin Research. For financial report interpretation, please refer to "With ByteDance's Efforts, Can Tencent Music Still Be 'Small and Beautiful'?" 1. Review of Core Financial Information: 1. Tencent Music Entertainment Group (TME) reported a 21% year-on-year increase in total revenue for the third quarter of 2025, reaching RMB 8.5 billion, marking the highest growth rate since the first quarter of 2021. This was driven by the continued growth of the music subscription business, strong performance in offline concerts, advertising services, and sales of artist-related merchandise. 2. Online music revenue increased by 27% year-on-year to RMB 7 billion...

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HK
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-2.21%
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Malaysian prosecutor says no proof linking rapper Namewee to Taiwanese influencer’s death

Malaysia's Attorney General announced that there is no evidence linking rapper Namewee to the death of Taiwanese influencer Iris Hsieh, who was found dead in a Kuala Lumpur hotel room. Namewee, who has been in police custody for nine days, will be released on bail. The investigation is ongoing, and further action will be taken if new leads emerge. Hsieh, known for her TikTok and OnlyFans presence, was in Malaysia for a collaboration with Namewee. He has denied any involvement in her death or drug use, despite testing positive for multiple substances.

南华早报·
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南华早报·
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ByteDance makes a push, can Tencent Music still be 'small and beautiful'?

On November 12th, after the Hong Kong stock market closed and before the U.S. stock market opened, $Tencent Music(TME.US) $TME-SW(01698.HK) (TME.N;$TME-SW(1698.HK)) released its third-quarter financial report for 2025. Overall, the results exceeded expectations, particularly with the partial realization of the second growth curve narrative. However, there were flaws, as the net increase in subscriptions continued to slow, indirectly confirming market concerns about intensified competition before the earnings report. Currently, there remains a significant difference between the core users of Tencent Music and ByteDance (Tencent Music vs ByteDance = high-tier music essential users vs lower-tier Douyin catchy tune users)...

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HK
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-2.05%
HK
09899
+1.90%
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HK
01698
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HK
09899
+1.90%
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