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Financial assets at fair value |
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Financial assets at fair value through other comprehensive income | As at December 31, 2025 and June 30, 2026, the Group’s financial assets at fair value through other comprehensive income include equity investments in listed securities and equity investments in unlisted securities as the following table. The investments in listed equity securities mainly represented its investment in Spotify Technology S.A. (“Spotify”) and UMG .
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| Equity investments in listed entities |
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26,217 |
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19,131 |
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| Equity investments in unlisted entities |
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14 |
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16 |
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19,147 |
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| Movement of financial assets at fair value through other comprehensive income is analyzed as follows:
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Six months ended June 30, |
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| At beginning of the period |
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14,498 |
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26,231 |
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| Additions |
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8,257 |
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— |
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| Business combination |
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— |
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6 |
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| Fair value change |
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11,610 |
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(5,440 |
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| Transfer (Note 14) |
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— |
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(954 |
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| Currency translation differences |
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(111 |
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(696 |
) |
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| At end of the period |
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34,254 |
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19,147 |
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As at December 31, 2025 and June 30, 2026, the Group’s other investments represented financial assets at fair value through profit or loss. Movement of other investments is analyzed as follows:
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Six months ended June 30, |
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| At beginning of the period |
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355 |
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386 |
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| Additions |
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4 |
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229 |
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| Business combination |
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— |
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411 |
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| Disposal |
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— |
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(13 |
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| Currency translation differences |
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(1 |
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(7 |
) |
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| At end of the period |
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358 |
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1,006 |
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| Of which are: |
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| Current |
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50 |
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72 |
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308 |
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934 |
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1,006 |
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Short-term investments represent investments issued by commercial banks with a variable return and accounted for as financial assets at fair value through profit or loss. Movement of short-term investments is analyzed as follows:
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Six months ended June 30, |
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| At beginning of the period |
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— |
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— |
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| Additions |
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2,300 |
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4,012 |
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| Business combination |
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— |
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980 |
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| Fair value change(Note 9) |
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39 |
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11 |
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| Disposal |
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(2,339 |
) |
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(4,880 |
) |
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| At end of the period |
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— |
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123 |
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