|Bid||6.99 x 4000|
|Ask||7.00 x 1400|
|Day's range||6.84 - 7.15|
|52-week range||5.91 - 32.25|
|Beta (5Y monthly)||1.13|
|PE ratio (TTM)||20.17|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The big shareholder groups in Tencent Music Entertainment Group ( NYSE:TME ) have power over the company. Generally...
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Shares of a large number of Chinese consumer goods stocks were soaring on Thursday. Streaming video leader iQiyi (NASDAQ: IQ) was up 17.4%, online music titan Tencent Music Entertainment Group (NYSE: TME) gained as much as 15.7%, online entertainment platform DouYu International (NASDAQ: DOYU) climbed as much as 15.6%, and search giant Baidu (NASDAQ: BIDU) jumped 10.8%. The catalyst that sent these consumer-facing Chinese stocks surging was comments made by government regulatory agencies regarding plans to boost the most populous nation's economy.