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Tencent Music buys audiobook platform Lazy Audio

Chinese technology conglomerate Tencent Music Entertainment Group enters the audiobook industry.

Alibaba owned music streaming service Xiami Music is shutting down

Launched in 2008, Alibaba have announced they will be shutting down their Chinese music streaming service Xiami Music in February.

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,…

Tencent Music sign a partnership with Thailand’s largest media conglomerate GMM Grammy

Chinese entertainment company Tencent sign a deal with Thailand company GMM Grammy to cross-promote each other’s content in their respective countries. Tencent Music’s partnership with GMM Grammy hopes to discover and promote musicians from respective…

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 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…

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…