Music Business News: China

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Half of APAC listeners use social media for music discovery, a win for TikTok and its music-streaming foray

APAC music discovery stats revealed in new report from US market monitor Luminate

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East Goes Global launches distro arm to distribute music to DSPs in China

East Goes Global recently closed a $1 million seed funding round

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NetEase Cloud Music added 872,000 paying subs in Q2, far less than Tencent Music’s 2.5m

NCM and TME combined grew by fewer subs than Spotify in Q2

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East Goes Global closes $1m seed round with investment from artists and managers

Notable investors in the round include FLETCHER, Ingrid Andress, Jessie J, Jessie Reyez, managers Alfredo Tirado, James Dai, Larry Rudolph and others

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Tencent Music rakes in $315m from music streaming subs in Q2, adds 2.5m paying users

Tencent Music Entertainment, which operates China’s biggest music streaming platforms, ended the second quarter of 2022 with 82.7 million paying music users. Online music streaming subscribers paid RMB 2.11 billion (USD $315 million) for TME’s music streaming services including QQ Music, Kugou Music and Kuwo Music in the quarter to end of June. That was … Continued

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Music Business Worldwide

Music Business News: China

Half of APAC listeners use social media for music discovery, a win for TikTok and its music-streaming foray

East Goes Global launches distro arm to distribute music to DSPs in China

NetEase Cloud Music added 872,000 paying subs in Q2, far less than Tencent Music’s 2.5m

East Goes Global closes $1m seed round with investment from artists and managers

Tencent Music rakes in $315m from music streaming subs in Q2, adds 2.5m paying users

From Warner Music Group’s revenues to Pollen going bust… It’s MBW’s Weekly Round-Up

TikTok goes on AI music-making and machine learning hiring spree

NetEase Cloud Music ‘expands K-Pop portfolio’ with YG Entertainment licensing deal