NetEase have made a large investment in an AI music composer

NetEase, a notable rival to Chinese tech company Tencent, have just made a $1.68 million investment in a new music AI company. NetEase are a China-based company who are most notable for running NetEase Cloud…

Tencent eye up stake in China’s biggest video streaming service iQIYI

Tencent Holdings are looking beyond music at a stake in what has been described as China’s equivalent to Netflix. Tencent Holdings are notorious for making investments in some of the biggest tech and digital companies…

How much of the music industry does Tencent really own?

Beyond their own huge music services Tencent has huge stakes in Universal, Warner, Spotify and others. Tencent is a huge Chinese company and with their music sector, Tencent Music Entertainment (TME), they are making its…

Tencent confirm $100 million stake in Warner Music Group

The Chinese conglomerate has confirmed a considerable stake in WMG following the launch of their IPO earlier this month. Chinese music giant Tencent Music Entertainment have spread their fingers into yet another pot of the…

TikTok competitor Zynn pays users for watching videos

New app Zynn has gained a huge amount of traction for its approach to rewarding users for watching videos and inviting friends. After publicly launching under a month ago, Zynn has since hit the number…

China’s video streaming platform Bilibili boast staggering numbers

Bilibili has been called China’s YouTube, with millions of content creators and users. Bilibili’s Q1 results show over 172 million monthly active users, a 70% year-on-year growth. Launching as a platform for a niche youth…

Tencent have gained 50% more paying users in the last year with 657m total users

Tencent’s latest report shows paying users are growing steadily converting more of their almost 700 million users than last year to pay for music. Chinese music streaming company Tencent Music are behind some of China’s…

Splice may be developing music making apps

Sample, loop, preset, plugin and DAW project sharing site Splice have recently acquired Superpowered, a company that helps developers build audio functionality into apps. Subscription based service Splice has been a favourite for producers sharing…

Netease Cloud Music just licensed over 1 million Warner tracks for nearly 1 billion users

The huge Chinese music streaming platform has just gained the rights to a huge catalogue of music from Warner Chappell. NetEase Cloud Music is a giant in the music streaming landscape. With over 800 million…

Tencent have just made an undisclosed investment in another Chinese music company

Tencent have made a new equity investment in another Chinese music-for-business company with the potential to take a controlling stake.  Tencent Music Entertainement are the Chinese company behind China’s biggest music services QQ Music, Kugou,…