Tencent Music Entertainment Group
Tencent Music Entertainment Group (HKSE: 1698) is trading at HK$32.38, about ₹397 at today's HKD/INR rate, as of 25 Sep 2026, 4:08 AM ET, up 1.12% today. Indian residents can buy Tencent Music Entertainment from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$32.02
Today's high
HK$32.62
52 week low
HK$30.52
52 week high
HK$92.95
1698 opened at HK$32.50, closed previously at HK$32.02, and has traded between HK$30.52 and HK$92.95 over the past 52 weeks.
About
Tencent Music Entertainment Group (TME) is a prominent digital music and entertainment provider within the People's Republic of China, delivering a comprehensive suite of services including music streaming, online karaoke, and interactive live performances. Its core music platforms, such as QQ Music, Kugou Music, and Kuwo Music, enable users to discover and enjoy music in tailored ways. WeSing serves as a social karaoke application, allowing individuals to sing, interact with friends, share performances, and find new songs. TME also manages interactive live streaming channels like Kugou Live and Kuwo Live, which offer performers a platform to showcase their talents and engage directly with their audience. Additionally, Kuwo Changting provides a wide array of audio content, ranging from audiobooks and cross-talks to radio dramas and other entertainment genres. Beyond its digital services, the company distributes music-related merchandise, including headsets, smart speakers, and karaoke microphones, and offers online ticketing for music events. TME further collaborates with smart device and automotive manufacturers to integrate and operate music services on their products. Headquartered in Shenzhen, China, Tencent Music Entertainment Group maintains a strategic partnership with China Literature and operates as a subsidiary of Tencent Holdings Limited.
Key statistics
Avg. volume
1.88M
Market cap
HK$99.77B
P/E Ratio
9.68
Price-to-sales ratio
2.53
Enterprise value
CN¥78.52B
Free cash flow yield
10.40%
Debt-to-equity ratio
0.22
Return on equity
11.23%
ROIC
9.18%
Beta
0.79
Dividend yield
2.91%
Last dividend
HK$0.94
Financial overview
Revenue
CN¥32.05B
Earnings per share
CN¥3.51
Free cash flow
CN¥9.88B
Net profit margin
26.28%
Gross margin
47.28%
EBITDA
CN¥14.40B
Revenue growth
12.85%
Similar securities
This is not an investment recommendation
How to buy Tencent Music Entertainment from India
Indian residents can buy Tencent Music Entertainment shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Tencent Music Entertainment and place an order
Find Tencent Music Entertainment by name or by its ticker, 1698, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Tencent Music Entertainment trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Tencent Music Entertainment position in HKD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Tencent Music Entertainment from India
Trading and taxes when buying Tencent Music Entertainment from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Tencent Music Entertainment’s current yield is 2.91%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Tencent Music Entertainment stock?
Yes. Tencent Music Entertainment (1698) has been listed on the Hong Kong Stock Exchange since 2022, in the Internet Content & Information industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Tencent Music Entertainment share cost in rupees?
One Tencent Music Entertainment share is HK$32.38 — about ₹397 at an HKD/INR rate of 12.25 on 24 Sep 2026. Both the Tencent Music Entertainment price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Tencent Music Entertainment from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Tencent Music Entertainment?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Tencent Music Entertainment shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Tencent Music Entertainment price. Paasa issues a capital-gains statement for your return.
Does Tencent Music Entertainment pay a dividend, and how is it taxed in India?
Yes. Tencent Music Entertainment pays a dividend and the current yield is 2.91%; the last declared dividend was HK$0.94 per share, about ₹11.53. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Tencent Music Entertainment from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is Tencent Music Entertainment a Hong Kong SAR China company, and does that change how it is taxed?
Tencent Music Entertainment trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Tencent Music Entertainment trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Tencent Music Entertainment shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Tencent Music Entertainment holding, its cost and its closing value.
How do I sell Tencent Music Entertainment and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.