Tag: china

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Tencent / NetEase affected as Chinese government cracks down on gaming

Here’s a story that’s only just getting picked up in the west: the Chinese government has not approved the release of any new paid games in the country since March, nor has it approved any new free games to use in-game...
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WMG aims to be ‘leading label’ in China under new CEO there

Warner Music Group has a new boss in China, with Andy Ma promoted to CEO of Warner Music China and EVP of commercial business development, Greater China for the major label. He steps up from his previous post as chief...
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China now has 802m internet users according to government

The Chinese government’s China Internet Network Information Center (CNNIC) has published a new report quantifying some of the internet trends there. The headline figure is that there are now 802 million internet users...
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Tencent quarterly revenues up 30% year-on-year

Music didn’t get much of a mention in Chinese tech firm Tencent’s latest quarterly financial results, which saw the company’s revenues grow by 30% year-on-year to $11.1bn, with a net profit of $2.8bn. Tencent did...
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China is fastest-growing smart-speaker market says Canalys

Amid a flurry of reports on the growth of the smart-speaker market, research firm Canalys has offered a different angle: it says that China is now the fastest-growing market for these devices. “Despite strong growth...
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Xiaomi and Netease strike ‘copyright transfer’ agreement

The age of full-catalogue-exclusivity deals with Chinese music services is coming to an end, with the government there having nudged the various companies to strike deals for fairer sub-licensing of the catalogues they control....
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TikTok owner Beijing Bytedance is raising $3bn of funding

Fresh from shutting down social app Musical.ly – or rather merging it with another app called TikTok and keeping the latter brand – Beijing Bytedance Technology is preparing for a monster funding round. The Wall Street...
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Social app Musical.ly to shut down after merger with TikTok

Social music app Musical.ly is being shut down by its owner Beijing Bytedance Technology Co, which plans to merge the app’s community with one of its other apps, TikTok. Bytedance bought Musical.ly for more than $800m...
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Facebook opens China ‘innovation hub’ despite being blocked

“There are three reasons I decided to learn Chinese,” Facebook CEO Mark Zuckerberg told a Chinese audience (in Mandarin) back in October 2014. “The first, my wife is Chinese. Her grandmother can only speak Chinese....
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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...