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Futures
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VIP Wealth Hub
New
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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Use USDT/USDC to mint GUSD for treasury-level yields
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📅 Event Period: Nov 6, 2025 – Nov 16, 2025, 16:00 (UTC)
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CandyDrop 👉 https://www.gate.com/announcements/article/47990
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Morgan Stanley: Raises Tencent Music's target price by 12.2% to $16.5
Jin10 data reported on May 14 that Morgan Stanley released a report raising the target price for Tencent Music (TME.N) from $14.7, an increase of 12.2% to $16.5, maintaining an “overweight” investment rating. Morgan Stanley explained that the target price increase for Tencent Music is based on considering the market value of Tencent Music’s long-term strategic investments with a 30% discount (in line with the bank’s strategy on Tencent), including a 2% stake in Spotify, a 2% stake in UMG, and a 0.8% stake in Warner Music Group. These equate to a value of $2 per American Depositary Share (ADS). Tencent Music’s affiliate (consortium) allocated shares of UMG to Tencent Music in 2019, with the first quarter of 2025 being the triggering factor for this change.