Spotify founder Daniel Ek promises $1bn investment in “super companies”

Spotify’s founder and CEO, the highly successful Daniel Ek, is promising huge new investment in “super companies that raise the bar”. Spotify are one of the most notable tech startup success stories, amongst many that…

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,…

Spotify Raises $50 million in Funding on a $250 million Valuation

Has European music startup Spotify finally worked out the online music business? Rumors surfaced today that the company is raising a new round of financing of $50 million or so, at valuation of $250 million….