Tag: china

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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...
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Chinese startup Nusic to launch mobile game for mix-sharing

We raise our eyebrows wearily whenever we see a new startup touting itself, as Nusic does, as an ‘Instagram for Music’. But the slogan for the Chinese firm’s profile on investment site AngelList actually sells it...
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NetEase claims there are 286m dance-music listeners in China

Chinese tech company NetEase has published some research into the popularity of dance music in its homeland. The company’s China Electronic Music Market research report claims that the number of Chinese online dance...
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Tencent strikes sub-licensing deal with Alibaba in China

One of the quirks of the Chinese digital music market, from a western perspective, is the exclusive licensing deals that tech-giant Tencent has struck with major labels. Its deals with global label groups like Universal...
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Initial coin offerings are now banned in China

The Chinese government has banned initial coin offerings (ICOs), claiming that businesses raising funding through offers of virtual coins or tokens are engaging in “essentially a form of unapproved illegal public financing...
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Tencent Music hopes for $10bn valuation in IPO

Spotify isn’t the only music-streaming entity plotting its path towards public status. Chinese tech giant Tencent has been mulling an IPO for its Tencent Music Entertainment Group, with Bloomberg reporting that the company...
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Tencent expected to spin off its music-streaming service

Chinese tech giant Tencent may be planning to spin off its music-streaming business. That’s according to bankers interviewed by the Financial Times, who see the service – with a two-thirds market share in China and...