Tencent Music Shares Pop After Strong Q4 Results, Buyback; Retail Investors Extremely Bullish

U.S.-listed shares of Tencent Music Entertainment Group (TME) rose 15.5% to their highest level in nearly eight months on Tuesday after the company announced better-than-expected quarterly results and an up to $1 billion share buyback. Fourth quarter total revenue grew 8.2% year on year to 7.46 billion yuan ($1.02 billion), topping a 7.3-billion-yu…