Why Tencent Holdings Is a Better Investment Than Tencent Music
Tencent Holdings (OTC: TCEHY), one of the top tech companies in China, only trades in Hong Kong and over-the-counter markets. But last December, Tencent spun off its majority-owned music streaming unit, Tencent Music (NYSE: TME), in an IPO on the New York Stock Exchange.
Tencent's stock has risen less than 10% since Tencent Music's public debut, but Tencent Music currently trades slightly below its IPO price of $13. Some investors might still consider Tencent Music a value play, especially after its solid third-quarter report last month, but I'll explain why Tencent Holdings is actually a safer investment.
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Source Fool.com
