Tag: china

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Chinese secondary-ticketing firm Moretickets raises $60m

In the west, secondary-ticketing platforms are increasingly controversial in terms of their role within the music industry. In China, though, one of the most popular sites has just raised a significant funding round.  Moretickets’...
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100m smart speakers expected to be in use by end of 2018

Research firm Canalys has published the latest report predicting the growth of the smart-speakers market, and there’s a big, round number attached to it. “Canalys expects the smart speaker installed base will approach...
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Tencent Music Entertainment tipped to file for IPO this week

Spotify’s direct public offering is still fresh in the memory, but another much anticipated music-streaming public offering – this time an IPO rather than a DPO – may be imminent. Local media reports suggest that...
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NetEase hails success of western artists on its service

We’ve heard at several conferences recently that Chinese streaming service NetEase Cloud Music might be a happier hunting ground for western artists than rival services operated by Tencent Music. Now NetEase is talking...
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Sony targets ‘viable subscription businesses’ in China and India

Sony Music boss Rob Stringer has been talking about the major label’s hopes for emerging markets, including its expectations that there will be healthy paid-music ecosystems rather than simply ad-supported services. “We...
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China’s music potential: ‘We are finally getting there!’

2017 was a big year for the music industry in China: according to the IFPI, last year it was one of the world’s 10 biggest recorded-music markets for the first time. Excitement around the growth of the music-streaming...
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Beggars Group China strategy: ‘We have a real issue with exclusivity’

“China was my hobby for the best part of 10 years: something which the company allowed me to run as a hobby on the side as long as I wasn’t spending too much money. It was five years before we made any money whatsoever,...
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Merlin signs deals with NetEase, Tencent and Alibaba in China

Indie licensing agency Merlin has announced agreements with the three biggest music-streaming service owners in China: Tencent, NetEase and Alibaba. The deals will see the catalogue represented by Merlin – music from...
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UMG’s Jonathan Dworkin: ‘Despacito is more than just a hit’ (#SlushMusic)

As SVP of digital strategy and business development at Universal Music Group, Jonathan Dworkin is playing a significant role in how the biggest major label wants to steer the digital music world in the years to come. His...
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Paid online-music market tipped to grow 59% in China

The market for ‘paid online music’ in China is expected to grow by 59% this year to $455m according to research firm iResearch, whose prediction is quoted prominently in the Financial Times’ latest piece on China. It...
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NetEase Cloud Music now has 400m users in China

Chinese music service NetEase Cloud Music says it now has 400 million users, having increased its monthly active users (MAUs) by 44% year-on-year. The company also says that its users are skewed towards the 15-35 year-old...
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Baidu unveils Raven H smart speaker

Chinese technology firm Baidu has unveiled a new smart speaker, which will make its debut in its homeland this December. It’s called Raven H, and is the first product to be launched under Baidu’s umbrella by Raven...