Tencent Music Entertainment is a holding company. Through its subsidiaries, Co. is engaged in operating online music entertainment platforms to provide music streaming, online karaoke and live streaming services. Co.'s platform is a music entertainment destination that allows users to engage with music in various ways, including discovering, listening, singing, watching, performing and socializing. Social interactions such as sharing, liking, commenting, following and virtual gifting, are integrated in Co.'s platform. Co.'s music-centric live streaming services, primarily Live Streaming tab on Kugou Music, Kuwo Music, WeSing and QQ Music, Kugou Live and Kuwo Live. We show 1 historical shares outstanding datapoints in our TME shares outstanding history coverage, used to compute TME market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TME market cap history over the course of time is important for investors
interested in comparing TME's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of TME versus a peer is one thing; comparing
TME market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like TME can fluctuate over the course of history.
With this page we aim to empower investors researching TME by allowing them to research the TME market cap history. |
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Video: The Importance of Market Cap
