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, […]
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 media is abuzz with the rumour that Xiami may be closing down at the start of 2021. It started with a post on Weibo purportedly by music executive Xiang Zheng, with follow-on reports that “Xiami’s marketing directors are meeting in Beijing to discuss the closure and an announcement will be made after they head back to Hangzhou, where Xiami’s head office is located”.
No official comment has been made at the time of writing though. One reason that the story has gone viral in China is that Alibaba bought a minority stake (but still valued in the hundreds of millions) in NetEase Cloud Music in September 2019, raising questions about its commitment to Xiami.
BMG inks distribution deal with Chinese firm Alibaba
We’ve written about plenty of Chinese distribution deals for labels down the years, but not much for publishers. That’s why BMG’s announcement yesterday of a deal with Alibaba is so […]
China focus: WMG expands but Taylor Swift blocks free streams
China has long been one of the most fascinating yet problematic markets for recorded music, certainly from the perspective of western labels and artists.
Potentially huge audiences, and plenty of innovation around technology and digital business models, but also the perception of a widespread, deeply-ingrained culture of piracy. But as time has gone on, the prospect of turning the latter around has encouraged a growing number of companies – local and international alike – to put more energy into China.
Alibaba’s Taobao site to add Xiami streaming music
Earlier this year, Chinese internet giant Alibaba announced that it had acquired streaming music service Xiami.
Now the first fruits of that deal are emerging: Xiami is being integrated with Alibaba’s hugely-popular online shopping site Taobao. TheNextWeb reports that users will be able to access “My Music” while shopping on Taobao, streaming songs from Xiami.
Alibaba tipped to acquire Chinese music site Xiami
Chinese music site Xiami has seemingly been acquired by online giant Alibaba, according to local reports.