Tencent Music (TME) shares surged 5.67% in pre-market trading on Tuesday, as Chinese stocks continue to outperform their U.S. counterparts. The significant uptick in TME's stock price aligns with a broader trend of strong performance among Chinese equities, particularly in the technology sector.

The rally in Chinese stocks comes on the heels of Beijing's announcement of an extensive 30-point plan aimed at boosting consumption and supporting the stock market. This move has instilled confidence in investors, driving up shares of major Chinese companies listed in the U.S. For instance, e-commerce giant Alibaba saw its American depositary receipts jump 4.6% on Monday, reaching its highest close since November 2021.

Adding to the positive sentiment, recent economic data from China has surpassed expectations. Retail sales in January and February jumped 4% year-over-year, while industrial production rose 5.9%, both beating economists' forecasts. These robust figures, coupled with the government's commitment to stimulating domestic demand and stabilizing the stock market, have created a favorable environment for Chinese stocks like Tencent Music, contributing to its pre-market surge.