Tencent Music, Cloud Music Lead Music Stocks to New Record High
Two Chinese music streaming companies, Cloud Music and Tencent Music Entertainment, led all music stocks in a second consecutive record-setting week. Related Tencent Music Stock Falls 15% on Declining Revenue, Monthly Active Users 08/13/2024 Cloud Music surged 31.5% to 121.50 HKD ($15.63) and Tencent Music Entertainment jumped 24.6% to $12.27, benefitted from a surge in Chinese…