Tencent Music’s Q3 financial results show 51.7 million paying subscribers

Image credit: Tencent Music Chinese technology conglomerate Tencent release revenue and subscriber numbers for music streaming service Tencent Music Entertainment. Tencent Music Entertainment Group published their Q3 2020 results last Tuesday, showing statistics from the…

NetEase Cloud Music have doubled the number of independent artists on their platform in one year

A recent report from the Chinese streaming service claims they now have 200,000 independent Chinese artists, up from 100,000 in 2019. In 2019, NetEase Cloud Music generated over 273bn streams of songs from independent musicians,…

ByteDance are considering Douyin IPO in Hong Kong

Douyin and TikTok’s parent Beijing-based company ByteDance are reportedly considering taking Douyin public in Hong Kong. Douyin is the Chinese version of TikTok from ByteDance. According to a report from 36Kr, ByteDance are supposedly in…

Why is Tencent’s WeSing karaoke platform so popular in Asia?

WeSing, from Chinese technology conglomerate Tencent, is a social karaoke app, thriving as many KTV venues around Asia close during the pandemic. Karaoke is popular in all forms and among all ages in China. The…

TikTok CEO Kevin Mayer resigns just three months after joining the company

After leaving Disney+ as Head of Streaming in May, Kevin Mayer was appointed CEO of TikTok. Three months later, Mayer cited political reasons for his departure. Kevin Mayer took the role at TikTok in May….

NetEase Cloud Music saw huge revenue growth – Q2 2020 earnings call

Internet technology company NetEase hint at big numbers from NetEase Cloud Music in their Q2 2020 earnings call. NetEase Cloud Music is one of the big three music streaming service in China, along with Tencent…

TikTok competitor Likee reports over 150m monthly active users

As tensions between TikTok and the US Government rise, TikTok rival Likee increases 86.2% year-on-year. Since being banned from India and their fragile state in the US, many TikTok competitors have emerged such as Triller,…

Universal sign deals with Chinese companies Tencent and NetEase

Universal sign two deals with major companies Tencent and NetEase, showing a positive move towards fairness for streaming in China. Universal have signed deals with two Chinese companies, massive in the online streaming market. Chinese…

Trump signs executive orders potential banning TikTok and WeChat in the US

The White House has issued two executive orders, showing 20th September as the date these companies must sell off their US divisions or cease operations. There have been some developments in the Microsoft, TikTok, US…

Microsoft confirm they are in talks with the US Government and TikTok to buy the app

Tensions between TikTok and the US Government heat up, as ByteDance (TikTok’s parent company) are forced to close opporations in the US or sell the app. One month after India officially banned the Chinese-owned app…