Tencent has plans to further broaden its streaming music reach, expanding the presence of its Joox platform in southeast Asia. Joox is currently available in Hong Kong, Indonesia, Malaysia and Thailand. Continue Reading
Sony Music Entertainment has renewed its deal with Tencent Music for distribution in China. The conglomerate operates QQ Music, a very popular streaming service for the Asian market. Continue Reading
China-based streaming service QQ Music has reportedly turned a profit. One of the platform’s general managers shared the update at an event this week, although owner Tencent has not made any formal statement confirming it. This is a noteworthy development both for the Chinese market and for streaming at large, where many western companies have struggled to get into the black. Continue Reading
Chinese conglomerate Tencent announced a merger between its QQ Music unit and China Music Corp. This joint entity will run three of China’s streaming music services: QQ Music, Kugou, and Kuwo. Continue Reading
China has long been a puzzle for the music industry, especially with recent developments in streaming and subscription platforms. A survey by Tencent Penguin Intelligence found that only about 10% of respondents were subscribed to a music service. Continue Reading
Chinese streaming platform Baidu Music announced a deal with record label Taihe Entertainment Group. This partnership will see Taihe’s intellectual property and A&R capabilities, covering more than 700,000 recordings, joining with Baidu’s streaming and distribution resources Continue Reading