What's Going On With Tencent Music Entertainment Shares On Thursday?

Tencent Music Entertainment Group (NYSE:TME) shares are trading lower on premarket Thursday. The company disclosed a strategic partnership with Galaxy Corporation, which represents global musician G-Dragon, for his upcoming regional tour.

Under this agreement, TME will serve as the exclusive tour partner for G-Dragon’s concerts in multiple regions, including Southeast Asia, the Middle East, Hong Kong, Macao, Taiwan, Australia, and New Zealand.

This collaboration is expected to enhance the company’s global presence and strengthen its ...