Tencent Music's Revenue Model Shifts Beyond Virtual Gifting as China's Paid Music Market Expands
Source: Motley Fool
2026-02-23 13:38:23 ET
According to a Securities and Exchange Commission (SEC) filing dated February 12, 2026, Keystone Investors Pte Ltd sold its entire holding of 2,243,614 shares in Tencent Music Entertainment Group (NYSE:TME) during the fourth quarter. The estimated transaction value was $52.37 million based on average closing prices for the period. The quarter-end position value dropped by $52.37 million, a change reflecting the sale of the TME shares.
The fund fully exited its Tencent Music Entertainment Group position, which represented 6.1% of AUM in the prior quarter; post-trade, the stake is 0% of reportable AUM
Top holdings after the filing:
Tencent Music Entertainment Group American Depositary Shares each representing two Class A
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