Music Business News: China
News A deal to transfer TikTok's US operations to US owners appears to be getting closer.
News Ten years after her debut, Nana Ouyang re-joins Universal Music Greater China
News Oracle will oversee how the algorithm operates in the US to “ensure improper manipulation is prevented,” Bloomberg reported, citing a White House official.
News Who's buying TikTok's US operations - or what exactly they'll get for their money - is not yet known
News The Chinese music streaming platform will gain access to over 70 Korean drama soundtracks from South Korea-based Most Contents
Analysis What we learned from TME's Q2 earnings call this week – and what is suggests about the future of music
News China's second-largest music streamer saw an overall decline in revenue due to continued weakness in social entertainment services
Analysis TME's overall music operation, including ads, subscription, and merch sales, brushed USD $1 billion in revenues in the quarter