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US Stocks Movement | Tencent Music Continues to Rise Over 1% in Pre-market Ahead of Earnings Report
Gelonghui March 16 | Last Friday (March 13), Tencent Music (TME.US) closed up 3.73%. In pre-market trading today, it continued to rise by 1.41%, trading at $14.39. On the news front, Tencent Music will release its earnings report before the market opens on March 17 (Eastern Time). Additionally, J.P. Morgan issued a research report stating that Apple has reduced the commission rate for the Chinese App Store, which is expected to positively impact Tencent Music and NetEase Cloud Music’s profits this year by approximately 1% and 2%, respectively. (Gelonghui)