Tencent Music Announces a $1 Billion Stock Repurchase Program

After experiencing a per-share stock-price decline of about $12 per share, Tencent Music has unveiled a $1 billion stock-repurchase program. The Shenzhen-headquartered music company, which owns and operates the QQ Music, Kugou Music, and Kuwo Music streaming services as well as the WeSing karaoke app, recently announced the billion-dollar stock-buyback program in a formal release. […]
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