Equity · Communication services
Tencent Music Entertainment Group (TME) perpetual futures
TME perpetual futures on 1 crypto exchange – live perp price vs the stock, funding rate, open interest and where to trade TMEUSDT.
Tencent Music Entertainment Group operates online music platforms in China, including QQ Music, Kugou Music and Kuwo Music for streaming, plus WeSing karaoke and live broadcasting services.
Price chart
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Trading data
Perpetual market activity
1/1 live markets
Trading data
Perpetual market activity
Spot performance
Venue matrix
1 markets
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| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Helix (Injective) | Trade | TME/USDC | Trading | $9.04 | +3.6% APR +0.00042% every 1h | - | $0 | - | - | USDC | 12x |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kNo sufficient depth · 0 of 1 venues absorb $10k
No fresh book data: Helix (Injective)
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
TMETightest spread
-Highest volume
-Funding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
No unusual perp activity right now.
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6Company events
6Peer comparison
Similar listed perpsRevenue mix
Latest annualAnalysts
Price targets in USD| Consensus rating | Hold |
|---|---|
| Average 12-month price target | $12.50 |
| 12-month target range (low – high) | $10 – $15 |
| Ratings in the provider's consensus | 24 |
Price targets as of 2026-11-15
Analyst rating history
Ratings| Month | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| Nov 2026 | 3 | 15 | 11 | 0 | 0 |
| Oct 2026 | 3 | 15 | 12 | 0 | 0 |
| Sep 2026 | 2 | 16 | 12 | 0 | 0 |
| Aug 2026 | 4 | 17 | 12 | 0 | 0 |
| Jul 2026 | 4 | 17 | 8 | 0 | 0 |
| Jun 2026 | 4 | 18 | 8 | 0 | 0 |
| May 2026 | 4 | 18 | 8 | 0 | 0 |
| Apr 2026 | 4 | 18 | 8 | 0 | 0 |
| Mar 2026 | 8 | 22 | 8 | 0 | 0 |
| Feb 2026 | 8 | 22 | 2 | 0 | 0 |
| Jan 2026 | 9 | 22 | 2 | 0 | 0 |
| Dec 2025 | 9 | 21 | 2 | 0 | 0 |
Ownership
Institutional · 2026-Q3Reference market activity
TME-PERPPrice performance
11Insider activity
FY2026 Q3Insider transactions
25Director Mak Yau Kee Adrian received a grant of 9,271 restricted share units (A-Award) on Oct 15, 2026, holding 9,271 after. No open-market purchase occurred.
Tencent Music director Ngan Edith Manling was granted 9,271 Restricted Share Units (A-Award, $0.00) on 2026-10-15, bringing her holding to 9,271.
Director Chan Jeanette Kim Yum converted 3,155 restricted share units into 3,155 American Depositary Shares and received a grant of 9,271 restricted share units, all at $0.00 on 2026-10-15. She held 39,066 ADSs after.
TME officer Pan Tsai-Chun exercised 155,320 stock options at $3.86 per share on 2026-09-29, converting them into 155,320 American Depositary Shares and leaving no options outstanding; 4,236,706 ADSs were held after.
Form 3 initial statement for director Tsang Wai Yip of Tencent Music: one reported holding line with 0 shares and no transaction value on 2026-03-18.
Tencent Music director Mitchell James Gordon filed a Form 3 on 2026-03-18 reporting holdings of 29,000 Class A ordinary shares and 456 American Depositary Shares, with no transactions in either class.
Tencent Music director Irvin Brent Richard filed a Form 3 on 2026-03-18 disclosing ownership of 1,400 American Depositary Shares; the filing reports no transactions and a $0.00 value.
Tencent Music director and Executive Chairman Pang Kar Shun Cussion filed an initial Form 3 on 2026-03-18 reporting holdings: 1,519,756 American Depositary Shares and six stock option grants (right to buy) at strike prices of $3.86 to $14.2822. No purchase or sale occurred; no shares were transacted.
Tencent Music officer Pan Tsai-Chun filed an initial Form 3 on 2026-03-18, reporting holdings of 4,081,386 American Depositary Shares and stock options to buy 155,320 shares at $3.86 and 49,151 shares at $10.51. No transactions were reported.
Tencent Music director Ngan Edith Manling filed a Form 3 on 2026-03-18 reporting 52,494 American Depositary Shares and 4,076 Restricted Share Units owned; no transactions were recorded.
CEO Liang Zhu filed a Form 3 reporting holdings of stock options (rights to buy) at exercise prices of $3.86 and $11.05, with 1,544,324 and 294,423 options held after, respectively; no shares were transacted.
Filings
30 · Latest SEC filingsDirector Mak Yau Kee Adrian received a grant of 9,271 restricted share units (A-Award) on Oct 15, 2026, holding 9,271 after. No open-market purchase occurred.
Tencent Music director Ngan Edith Manling was granted 9,271 Restricted Share Units (A-Award, $0.00) on 2026-10-15, bringing her holding to 9,271.
Director Chan Jeanette Kim Yum converted 3,155 restricted share units into 3,155 American Depositary Shares and received a grant of 9,271 restricted share units, all at $0.00 on 2026-10-15. She held 39,066 ADSs after.
TME officer Pan Tsai-Chun exercised 155,320 stock options at $3.86 per share on 2026-09-29, converting them into 155,320 American Depositary Shares and leaving no options outstanding; 4,236,706 ADSs were held after.
Form 3 initial statement for director Tsang Wai Yip of Tencent Music: one reported holding line with 0 shares and no transaction value on 2026-03-18.
Tencent Music director Mitchell James Gordon filed a Form 3 on 2026-03-18 reporting holdings of 29,000 Class A ordinary shares and 456 American Depositary Shares, with no transactions in either class.
Transcripts
PendingCompany news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.No articles from Reuters, WSJ, Bloomberg or FT for this company in our feed.
Company data
Company intelligence
Updated: Nov 15, 2026, 02:11 PM UTC
Company data
Company intelligence
Company profile
- Sector
- Communication Services
- Industry
- Internet Content & Information
- Chief executive
- Zhu Liang
- Employees
- 5,690
- IPO date
- Dec 12, 2018
- Country
- CN
- Exchange
- New York Stock Exchange
Rating factors
- Return on equityi
- 3/5
- Return on assetsi
- 4/5
- Debt to equityi
- 3/5
- Price to earningsi
- 3/5
- Price to booki
- 4/5
Company press releases
Congressional disclosures
Market cap history
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| KWEB | 2.55% | 13.4M |
| VWIGX | 0.25% | 13.2M |
| ODVIX | 0.9% | 8.6M |
| IEMG | 0.04% | 6.7M |
| EIMI.L | 0.04% | 2M |
| EIMU DE | 0.04% | 2M |
| KWBE.L | 2.54% | 1.9M |
| AVEM | 0.05% | 1.6M |
| CTCE.L | 1.07% | 1.5M |
| EEM | 0.05% | 1.5M |
| MCHI | 0.23% | 1.4M |
| TDIV | 0.22% | 1M |
Analyst track record
How the analysts covering TME have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 30 | 148 |
| Analysts | 13 | 25 |
| Buy / hold / sell | 17 / 13 / 0 | 124 / 23 / 1 |
| Upgrades / downgrades / initiations | 1 / 6 / 0 | 12 / 10 / 6 |
| Price targets hit / missed | 1 / 28 (3%) | 6 / 138 (4%) |
| Avg. return after a rating (TipRanks) | -39.5% | -39.3% |
| Best / worst call | +0.6% / -67.1% | +22.3% / -69.8% |
After buy calls on this stock: not enough measured cases yet
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Aug 17, 2026 | Alex YaoJ.P. MorganAug 17, 2026 | HoldMaintained | $9.00↗ | article ↗ |
| Aug 13, 2026 | Jiong ShaoBarclaysAug 13, 2026 | BuyMaintained | $20.00↗ | article ↗ |
| Aug 13, 2026 | Wei FangMizuho SecuritiesAug 13, 2026 | BuyMaintained | $15.00↗ | article ↗ |
| Aug 12, 2026 | Saiyi HeCMB International SecuritiesAug 12, 2026 | BuyMaintained | $15.00↗ | article ↗ |
| Aug 12, 2026 | Wei XiongUBSAug 12, 2026 | HoldMaintained | $9.50↗ | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 14, 2026 · 30 ratings
Frequently asked questions
Where can I trade TME perpetual futures?
Tencent Music Entertainment Group (TME) perpetual futures trade on one crypto venue: Helix (Injective). PerpEquities shows its live price, funding rate, open interest and liquidity.
Can I trade TME around the clock?
Yes. Unlike the underlying stock, TME perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on TME perpetuals?
Right now the TME perp funding rate is +3.6% annualized (one venue). A positive rate means longs pay shorts. PerpEquities shows the live rate and its history.
How does the TME perp price compare to the Tencent Music Entertainment Group stock?
The venue-median TME perp mark is $9.04 versus a reference stock price of $9.04, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a TME perpetual future?
A TME perpetual is a derivative that tracks the price of Tencent Music Entertainment Group with no expiry date. It lets you take long or short exposure to Tencent Music Entertainment Group on crypto venues, around the clock.
What is TMEUSDT perpetual?
TMEUSDT is the symbol most crypto exchanges use for the Tencent Music Entertainment Group perpetual settled in USDT (Tether). It tracks the TME share price through an index, trades 24/7 with leverage and never expires.
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