|Bid||16.41 x 1100|
|Ask||16.44 x 1200|
|Day's range||16.26 - 16.50|
|52-week range||10.52 - 32.25|
|Beta (5Y monthly)||1.02|
|PE ratio (TTM)||42.72|
|Forward dividend & yield||N/A (N/A)|
|1y target est||27.39|
China is preparing a substantial fine for Tencent Holdings as part of its sweeping antitrust clampdown on the country's internet giants, but it is likely to be less than the record $2.75 billion penalty imposed on Alibaba earlier this month, two people with direct knowledge of the matter said. Tencent should expect a penalty of at least 10 billion yuan ($1.54 billion), significant enough for the State Administration of Market Regulation (SAMR) to make an example of it, both people said. Tencent faces penalties for not properly reporting past acquisitions and investments for antitrust reviews, an offence with a fine capped at 500,000 yuan per case, and for anticompetitive practices in some of its businesses, with music streaming in particular focus, said the sources.
Tencent Music Entertainment Group Sponsored ADR (TME) closed at $18.97 in the latest trading session, marking a +1.93% move from the prior day.
Cussion had held the CEO's position from July 2016. Zhu has previously served as the vice president of Chinese technology giant Tencent Holdings Ltd, which controls Tencent Music. The Chinese music streaming platform said Tong Tao Sang, the company's current chairman, will resign from his position.