Tencent Music Appoints New Audit Committee Member

Tencent Music Entertainment Group ( (TME) ) has shared an update.

On September 23, 2025, Tencent Music Entertainment Group announced the appointment of Ms. Jeanette Kim Yum Chan as a member of its audit committee. Ms. Chan, who has been an independent director on the Board since September 2022, brings extensive experience from her role at Airwallex and her previous work in cross-border mergers and acquisitions. This strategic appointment is expected to strengthen the company’s governance and oversight capabilities, potentially enhancing its industry positioning and stakeholder confidence.

The most recent analyst rating on (TME) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Tencent Music Entertainment Group stock, see the TME Stock Forecast page.

Spark’s Take on TME Stock

According to Spark, TipRanks’ AI Analyst, TME is a Outperform.

Tencent Music Entertainment Group’s strong financial performance and positive earnings call sentiment are the primary drivers of its high score. The technical analysis suggests bullish momentum, though caution is advised due to overbought signals. Valuation metrics indicate the stock may be overvalued, slightly tempering the overall score.

To see Spark’s full report on TME stock, click here.

More about Tencent Music Entertainment Group

Tencent Music Entertainment Group is a leading online music and audio entertainment platform in China, operating popular music apps such as QQ Music, Kugou Music, Kuwo Music, and WeSing. The company focuses on providing innovative music services including online music, audio, karaoke, live streaming, and online concerts, allowing users to discover, listen, sing, watch, and socialize around music.

Average Trading Volume: 5,985,164

Technical Sentiment Signal: Buy

Current Market Cap: $34.87B

Find detailed analytics on TME stock on TipRanks’ Stock Analysis page.