Tencent Music Entertainment Group - ADR vs Wipro Limited — how do they compare? Tencent Music Entertainment Group - ADR trades at $8.97 (market cap $15.08B), while Wipro Limited trades at $1.81 (market cap $18.49B). The key difference: Wipro Limited is the larger of the two by market cap, and Wipro Limited pays the higher dividend (4.68%). Which is the better fit depends on your goals.
| TME | WIT | |
|---|---|---|
Market Cap | $15.08B | $18.49B |
Sector | Media | Technology |
52-Week High | $26.36 | $3.06 |
52-Week Low | $8.16 | $1.82 |
Enterprise Value | $11.85B | $16.42B |
Dividend Yield | 2.62% | 4.68% |
Trailing returns across standard periods
TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Read more on TME →Wipro is a leading global IT services provider, with 175,000 employees. Based in Bengaluru, this India IT services firm leverages its offshore outsourcing model to derive over half of its revenue (57%) from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service.
Read more on WIT →