Stock Track | Tencent Music Soars 5.14% Premarket on China's Bullish Growth Outlook and Tech Support

Stock Track

Mar 05

Tencent Music Entertainment (TME) stock surged 5.14% in premarket trading on Wednesday, outperforming the broader market. The sharp rally in the Chinese music streaming platform's shares came amid a broader positive sentiment towards Chinese equities, fueled by China's ambitious economic growth targets and plans to support domestic consumption and the tech industry.

Beijing set an economic growth target of around 5% for 2025, raising expectations for officials to unleash more stimulus measures to boost the slowing economy. The government also unveiled a plan to increase fiscal spending, including a 300 billion yuan ($41.27 billion) subsidy program to stimulate consumer spending.

Moreover, policymakers vowed to support the application of large-scale AI models, mentioning AI for the first time in a government work report. This move could potentially benefit tech companies like Tencent Music, which operates several popular music streaming apps and leverages AI technology in its services.

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The sharp rally in the Chinese music streaming platform's shares came amid a broader positive sentiment towards Chinese equities, fueled by China's ambitious economic growth targets and plans to support domestic consumption and the tech industry.</p>\n\n<p>Beijing set an economic growth target of around 5% for 2025, raising expectations for officials to unleash more stimulus measures to boost the slowing economy. The government also unveiled a plan to increase fiscal spending, including a 300 billion yuan ($41.27 billion) subsidy program to stimulate consumer spending.</p>\n\n<p>Moreover, policymakers vowed to support the application of large-scale AI models, mentioning AI for the first time in a government work report. This move could potentially benefit tech companies like Tencent Music, which operates several popular music streaming apps and leverages AI technology in its services.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Tencent Music Soars 5.14% Premarket on China's Bullish Growth Outlook and Tech Support</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Tencent Music Soars 5.14% Premarket on China's Bullish Growth Outlook and Tech Support\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-03-05 22:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tencent Music Entertainment (TME) stock surged 5.14% in premarket trading on Wednesday, outperforming the broader market. The sharp rally in the Chinese music streaming platform's shares came amid a broader positive sentiment towards Chinese equities, fueled by China's ambitious economic growth targets and plans to support domestic consumption and the tech industry.</p>\n\n<p>Beijing set an economic growth target of around 5% for 2025, raising expectations for officials to unleash more stimulus measures to boost the slowing economy. The government also unveiled a plan to increase fiscal spending, including a 300 billion yuan ($41.27 billion) subsidy program to stimulate consumer spending.</p>\n\n<p>Moreover, policymakers vowed to support the application of large-scale AI models, mentioning AI for the first time in a government work report. This move could potentially benefit tech companies like Tencent Music, which operates several popular music streaming apps and leverages AI technology in its services.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TME","symbol_name":"腾讯音乐","start_time":0,"source_url":"","article_id":"1160338468","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1160338468","pubTimestamp":1741185263,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Tencent Music Entertainment  stock surged 5.14% in premarket trading on Wednesday, outperforming the broader market. 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