Music Business News: China

SoundCloud is also rolling out 'Move Your Music,' which allows users to transfer their music libraries from other streaming services

Labels launch in China as part of strategic expansion

Company saw an 8.3% YoY increase in number of paying users, reaching 122.9 million in Q1

News was revealed within the Q1 financial filing published Tuesday morning by TME

Sony Music acquired 4.6 million shares in Ximalaya for a consideration of USD $50 million in 2020

TME's ESG report explains how the firm's AI capabilities have been expanded across the business

Talks on new ownership for TikTok reportedly broke down when Trump announced new tariffs on China

Kunlun's “chain-of-thought” technology incorporates thinking and self-criticism in the music generation process