Music Business News: 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

Why we believe streaming subscription ARPU fell by around 8% globally for the record industry last year

MBW runs the numbers from the IFPI's must-read new Global Music Report covering 2020

Warner and Tencent Music to launch a joint record label, as they ink multi-year licensing deal

Deal means Tencent is launching JV labels with Warner and Universal in China