Tencent Music Entertainment (TME) shares climbed Monday following Apple's decision to reduce App Store commissions in China. This policy change is expected to improve the company's profit margins directly.
Improving sentiment toward Chinese ADRs also contributed to the stock's upward momentum.
Tencent Music will report its fourth-quarter and full-year 2025 financial results on March 17 before the U.S. market opens. Investors expect the report to confirm trends of stronger growth and profitability. Analysts remain divided in their recent ratings ahead of the scheduled announcement.