Music Business News: China
News Lofai’s appointment fits into Robert Kyncl's plan to strengthen Warner’s presence in the region’s fast-changing music scene News In January, NetEase Cloud Music secured a temporary deal to keep SM's catalog available beyond the January 31 contract deadline. News YouTube Music joins Spotify, Apple Music, Amazon Music, Deezer, Melon, Anghami and SoundCloud in TikTok's music-saving feature News Lutnick said Donald Trump is "positive towards TikTok, if it can move into American hands." News US version of TikTok app reportedly scheduled to launch in US app stores on September 5 News Deal coincides with the release of Tao’s eighth studio album News The previous talks broke down after Beijing withheld approval in the wake of Trump’s decision to impose sweeping tariffs on Chinese goods News Trump told Fox News’ 'Sunday Morning with Maria Bartiromo' that the potential acquirer is "a group of very wealthy people."