Tag: china

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Chinese video platform Bilibili set to reach 200m users

Bilibili began as a streaming platform for animation and gaming, but now hosts a much wider range of video, including music – and while Bilibili’s repository of buzzy, mid-length content makes comparisons to YouTube...
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Tencent Music could raise $3.5bn from secondary offering

Chinese digital music giant Tencent Music went public in 2018 with an IPO on the New York Stock Exchange. Now, however, the company may be preparing a secondary offering in Hong Kong that could raise up to $3.5bn. That’s according...
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52% of Chinese musicians don’t make any money from music

A recent report published by the Communication University of China surveyed musicians from 40 cities about their income, with the results painting a gloomy picture. 52% of musicians have no music income, and for 24% of musicians,...
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Confirmed: Chinese music streaming service Xiami to shut down

At the start of December 2020, rumours swirled about the future of Xiami, one of the established music streaming services in China. Local reports suggested that its owner, tech giant Alibaba, was preparing to shut the service...
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Rumours swirl in China about future of Alibaba’s Xiami

Xiami is the Chinese music streaming service owned by tech firm Alibaba. It's well established, but lacks the profile of Tencent Music's three services (QQ Music, Kugou and Kuwo) or NetEase Cloud Music. Now Chinese social...
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Dua Lipa online concert attracted at least 5m viewers

Dua Lipa’s ‘Studio 2054’ online concert was excellent on Friday, but was it successful? Early figures from the organisers suggest that it was, with more than 5m estimated views. That’s a number that...
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Modern Sky livestreamed festivals drew 42m viewers

Modern Sky, the biggest independent label in China, is also the promoter of one of the country’s biggest festival series: Strawberry Festivals. Last week, the company revealed that while 50 of its Strawberry-branded...
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Resso escapes expanded India ban on Chinese-linked apps

The Indian government isn’t done yet with its crackdown on mobile apps of Chinese origin. The bans that started with 59 apps including TikTok in June added another 118 apps in September, and now 43 more have been...
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Tencent Music invests in Wave and re-airs Billie Eilish livestream

These are two separate stories, but they both show Tencent Music’s growing focus on livestreaming. This morning TME announced a strategic partnership and minority equity investment in startup Wave, whose tech has been...
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China stiffens its copyright laws including music aspects

China's copyright laws are getting an update, including more careful definitions of copyrighted works, and much bigger punitive damages for infringement. Music is included: with the industry having lobbied hard for the...
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ByteDance tipped to make $27bn of ad revenue in China this year

ByteDance may be waiting to find out what’s happening with its proposed divestment of TikTok in the US, but business is going pretty well back home in China. Reuters reported that the company is “on track to...
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Tencent Music now has 51.7m online music paying users

Tencent Music published its latest financial results this morning, revealing that it ended Q3 with 51.7 million online music paying users across its three streaming services in China. That's 4.6 million more than the...