Music Business News: China
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 News Ranya Khoury, Jack Guppy, Tom Smart, Sivan Liu and Crystal Du join the company News Deal covers use of 60-second clips of music in user-generated content on the app