Pomerantz LLP

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Tencent Music Entertainment Group

We are investigating Tencent Music Entertainment Group (TME) (“Tencent” or the “Company”) for potential violations of the federal securities laws. 

On August 27, 2019, Bloomberg reported that the State Administration of Market Regulation, China’s antitrust authority, is investigating exclusive licensing deals between Tencent and major record labels including Universal Music Group, Sony Music Entertainment, and Warner Music Group.  On this news, Tecent’s American depositary receipt price fell $0.92 per share, or 6.83%, to close at $12.57 per share on August 27, 2019.