Tencent Music Entertainment company is seen officially listed on the floor of the New York Stock Exchange in New York, U.S., December 12, 2018. REUTERS/Bryan R Smith
The company’s shares, which have gained about 43 percent since their market debut in December, fell 6.3 percent to $17.36 in extended trading. The company reported a net loss of 875 million yuan for the fourth quarter due to a one-off share-based accounting charge. Tencent Music, in which its Swedish competitor Spotify Technology SA owns a stake, said full-year profit was 1.83 billion yuan.
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