On September 3rd, Tencent Music (TME.US) rose by approximately 2.4% in pre-market trading, reaching $10.69. In terms of news, Citigroup released a research report expressing bullish sentiments towards Chinese internet-related companies and listed a list of favored Chinese internet stocks. Tencent Music is among them, with Citigroup stating that it has a strong defensive position and potential for sustainable income growth. Data shows that Chinese internet companies generally performed better in profitability than in revenue in the second quarter. Citigroup believes that part of the reason for lower-than-expected revenue is the company's active reduction of subsidies and focus on improving the quality of investment returns, which in turn supports stronger profits for more companies. Analysts expect this trend to continue into the second half of the year, and although revenue growth may slow slightly, the prospects for profitability may further improve.