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Tuesday, October 20, 2020

TENCENT HLDGS LTD UNSP ADR EACH REP 1 ORD (OTCMKTS:TCEHY) Renews Sony Music Arrangement

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TENCENT HLDGS LTD UNSP ADR EACH REP 1 ORD (OTCMKTS:TCEHY) has built one of the world’s most successful messaging platforms with its WeChat app. TCEHY and WeChat may be under the radar for many investors and traders in the US, but in China Tencent it’s a household name. Connecting millions of users every day, Tencent Holdings is a name to know.

WeChat is now the 4th most popular mobile messaging app worldwide as of April 2016, based on number of monthly active users (in millions). As of April, 697 million users were accessing the WeChat messenger app on a monthly basis. That is higher than household names Skype, Viber and LINE combined.

TENCENT HLDGS LTD UNSP ADR EACH REP 1 ORD (OTCMKTS:TCEHY) is even in a partnership with music titan Sony. Sony Music Entertainment (Sony Music) and Tencent Music just announced the renewal of their strategic cooperation arrangement for the online digital distribution of Sony Music’s audio music master recordings in mainland China.

Under the cooperation’s terms, Sony Music, one of the three largest recording companies in the world, will collaborate with Tencent Music, a leading digital music provider in China, on the promotion, management and online distribution of Sony Music’s repertoire in mainland China. Continuing on from the original terms of the cooperation, the ongoing agreement will see Tencent Music market and distribute content from Sony Music’s extensive roster of local and international artists, including Michael Jackson, David Bowie, Beyoncé, Justin Timberlake, Sia, Usher, Calvin Harris, P!NK, and many more.

“We are excited to continue relationship and cooperation between Sony Music and one of our most valued business partners, Tencent Music. Tencent Music’s promotion of the legal use of digital music has made a very positive and lasting change to the market for music labels and music fans. The difference we have made together in the development of artists and in fan engagement through our strategic partnership is most significant. We look forward to taking the Chinese music market to the next level, becoming one of the top markets in the world,” said Denis Handlin AM, Chairman & CEO of Sony Music Entertainment Australia & New Zealand and President, Asia.

Over the most recent 52-week period, shares of the company have traded as low as $16.76 and as high as $28.23. At a current share price of just around $28 TCEHY shares are on a uptrend, the company has a total market capitalization of 265 Billion.

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Nearly 800 million people now use WeChat, for free messaging & calling that allows users to easily connect with family & friends across countries. There is a lot of competition in the all-in-one communications app space. But for free text (SMS/MMS), voice & video calls, moments, photo sharing, games and more WeChat from TCEHY is clearly among the best.
WeChat Pay is another feature that is sure to be a caytalst for future growth. WeChat Pay is a payment feature integrated into the WeChat app that allows users to complete payments quickly and easily with their smartphones.

The WeChat Wallet features Quick Pay, QR Code Payments, In-App Web-Based Payments, and Native In-App Payments, all of which will fulfill the full range of payment scenarios that your customers may encounter. In conjunction with WeChat Official Accounts, the WeChat Pay service expands and optimizes the O2O consumption experience, providing professional internet solutions for traditional brick-and-mortar businesses. WeChat Pay is the best choice for mobile payments due to its large user base and ease-of-use.

Many novice investors are under the impression that the OTC is only for small and micro-cap stocks, but clearly TCEHY is a example of a global mega cap that has huge growth potential. As investors look for new stocks in emerging markets and overseas they could do much worse than Tencent Holdings. For more information on $TCEHY, and similar types of fast-moving OTC stocks, sign up for our free newsletter today and get our next hot stock pick! 

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