Music Business News: China
News TME has already distributed and promoted more than 150,000 songs to overseas platforms News NetEase announced the legal proceedings in a social media statement News App is called Qishui Yinyue, and its catalog currently features 10m music tracks News MBW crunches the IFPI's latest numbers – and discovers some head-turning facts and figures News Douyin is a sister app of TikTok for the Chinese market News UMG has also launched a new standalone International division in the market Analysis News TikTok reportedly generated $4 billion in ad revenues in 2021, and wants to triple that in 2022 News App has over one billion users