Rate Of Return$Tencent Music(TME.US)$TME-SW(01698.HK)
Not optimistic in the long run
1. It's too easy to release songs now, with over a million songs every year, and it's impossible to buy all the copyrights, most of which are not popular and don't make money.
2. It's hard to have national hit songs now, everything is TikTok-ified, chasing viral hits, which benefits Sodas. And to be honest, I think Sodas' algorithm recommendations are stronger than TME's.
Can this outperform Sodas in the long run?
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