It’s not every day that a digital music company raises $60m, especially one that Music Ally hasn’t written about before. Meet Allsaints Music Group, a Hong Kong-based company whose investors in that round include CMB International, Oppo, Xiaomi and Huiyou Capital.
According to Pandaily, the company is working on “an excellent PGC (Professional Generated Content) and PUGC (Professional User Generated Content) environment” – music streaming, it’s worth stressing – in partnership with device makers Oppo, Vivo and Xiaomi. The article also alludes to “relationships with a variety of partners, including recording companies”.
This article offers more background on the company, with CEO Yingbo Zhu having previously launched music services for Chinese telco China Telecom, while co-founder and chief content officer Gary Chen launched one of the first legal music services in China, Jujing Music.
Tools: platforms to help you reach new audiences
Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…