TME: More Partnerships With Leading Traffic Vendors Are Likely to Lead To Better 2020 For TME
The outbreak of the coronavirus does not have much of an impact on TME, but the government’s policy issued at the end of January 2020 impacts TME’s social entertainment services. The policy prohibits the lucky-draw function in live broadcastings. However, comparing with TME’s business initiatives in January 2020, we believe more positives are likely to happen throughout 2020. In January, TME’s initiated intensive cooperation and partnership activities with leading traffic vendors including TikTok / ByteDance, Kwai and Bilibili (BILI, $26.88, Not Rated), to distribute and promote musicians/music.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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