Music Business News: China

From Universal’s 10% sell-off to Sony Music under investigation: It’s MBW’s Weekly Round-Up

The biggest headlines from the past five days in the music industry

Sony Music inks new licensing deals with Tencent Music and NetEase in China

News comes after Universal and Sony both agreed new multi-year licensing deals in China

Tencent could be hit with $1.5bn fine and forced to sell two music apps in China (report)

Reuters reports that anti-competitive watchdogs could force TME to sell off Kugou and Kuwo

From Reservoir’s $788m valuation to Spotify and Warner’s canoodling: It’s MBW’s Weekly Round-up

The biggest music industry stories of the week, all in one place

Tencent Music gets new CEO as Cussion Pang takes new role

Zhu Liang (Ross Liang) appointed as Chief Executive Officer

Warner Music Asia launches Pan-Asian dance label, Whet Records

First signing is producer and DJ Lizzy Wang

TikTok users watch the app for an average of 89 minutes per day – and there’s 732m of them worldwide

Leaked pitch deck reveals a slew of the Bytedance app's key numbers in 2021

NetEase Cloud Music and Merlin extend strategic partnership in China

Original agreement was established in 2018