Ernest Wong, Head of Research, Baskin Wealth ManagementTencent Music EntertainmentTMEDON'T BUYSep 22, 2026
In music, the power will shift to live music, not streaming. Artists use live music to build their brands and earn revenue. TME benefit from the growth of streaming, though.
Alibaba vs JD vs Tencent? He never made any money on Chinese stocks and would not recommend any of these three. Would recommend Google or Facebook. All great companies growing within the Chinese market but doesn't think retail invetors in North America have to be there.
In music, the power will shift to live music, not streaming. Artists use live music to build their brands and earn revenue. TME benefit from the growth of streaming, though.