On April 24th, Tencent Music's US stock price hit a new high in 32 months, with the highest Hong Kong stock price since its listing. In mid day trading, Tencent Music's Hong Kong stock price broke through HKD 49.50, the highest since its listing, with a cumulative increase of over 45% this year. The latest US stock price is $12.32, reaching a new high in 32 months. In the fourth quarter of last year, Tencent Music's online music payment users increased by 20.6% year-on-year, reaching a record high of 106.7 million households.