🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
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.