Tag: china

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Huawei Music claims 160m monthly users, as it launches in Europe

Back in November 2018, we wrote about Chinese technology firm Huawei’s claim that its Huawei Music streaming service had 100 million monthly active users – a surprise to many people in the west who hadn’t been following...
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Tencent Music now has nearly 40m people paying for music

Chinese music streaming firm Tencent Music has published its latest financial results, and they reveal significant growth in its number of paying users, and a 60.1% increase in its music subscription revenues year-on-year. The...
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Bytedance plans to increase headcount to 100k people this year

There’s a lot more to Bytedance than TikTok (Douyin in China) and its new Resso music-streaming service. From news app Toutiao to its reported expansion into games and office software, there’s a lot going on....
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Chinese authorities suspend Tencent Music antitrust probe

Tencent Music’s share price enjoyed an upwards bump yesterday, as news broke that China’s State Administration of Market Regulation had suspended an investigation into the company’s licensing strategy. The probe began...
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Music’s global evolution: K-Pop, China, and Eastern Europe

The second morning at this year’s NY:LON Connect conference focused on ‘emerging international and influential markets’. Three territories in particular: South Korea, China, and Russia / Eastern Europe. The track...
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People spent $115bn using WeChat ‘mini programs’ in 2019

Tencent’s messaging app WeChat is already a huge moneymaker in terms of the way people in China use it to pay for all manner of goods and services. One of the keys to this are the ‘Mini Programs’ launched by developers...
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Composer Kerry Muzzey tweets tangled tale of Chinese licensing problems

If you want an insight into some of the challenges for composers in 2020, grab a large cup of tea and settle down to read this Twitter thread from Kerry Muzzey, whose music has been used by a number of high-profile TV shows....
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Beijing hopes music will be a $17.2bn business for it by 2025

Given that the global recorded-music industry was worth $19.1bn in 2018, it may seem extremely ambitious for the government of Chinese capital Beijing to be hoping that its city’s music industry alone will be worth $17bn...
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Bytedance’s Douyin app now has 400m daily active users in China

A day after app-analytics companies were speculating about TikTok’s revenues, its parent company Bytedance has published some official numbers for Douyin – its Chinese short-videos app. They’re big. Douyin now has...
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Music Ally Report 426: Trends of 2019

This year we’ve picked 42 (also the answer to life, the universe and everything as fans of Douglas Adams will know) of the trends and moments we found most significant in 2019. What are they? *takes deep breath* industry...
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Bytedance hires former Tencent Music exec for Douyin role

Bytedance’s latest music hire will be focusing on its Douyin short-video app in China – the Chinese version of TikTok. The company has recruited Deng Linhai to lead Douyin’s music business, according to news site Technode....
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Tencent Music launches repurchase programme for $400m in shares

Tencent Music’s board of directors has approved a programme that could see the now-public company repurchase up to $400m of shares over the next 12 months. “The Share Repurchase Program reflects the Board’s confidence...