Tencent’s Andy Ng gives his view on the global market exclusively to MBW
The post Spotify and Apple Music will struggle in China. Meet the reason why… appeared first on Music Business Worldwide.
Category archives: China
Breaking: China Bans All Korean Music and Entertainment
China says NO to hallyu (kpop) and anything Korean-entertainment-related. Many Korean music artists, groups, and actors often travel to China. The reason? The country is arguably one of Korea’s most profitable entertainment markets. However, these music artists aren’t immune to the worsening crisis between China and South Korea. China has prohibited all hallyu, or Korean […]
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What Uber’s Foray into China Can Teach Other Companies With Similar Ambitions
Here are 3 lessons other U.S. companies seeking to build in China should observe.
QQ Music Shows How to Be Profitable in the Music Streaming Business
Spotify, despite beating out Apple Music and other competitors with 30 million paid subscribers, is actually bleeding money. While the company boasts high annual salaries for full-time workers, reported at over $168,000, the company reported last year a loss of over $194 million, way up from just $28 million in 2010. This might show that […]
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WMG appoints Andy Ma first Chief Commercial Officer for China
Ma takes on dual roleThe post WMG appoints Andy Ma first Chief Commercial Officer for China appeared first on Music Business Worldwide.
Alibaba Expects to Nearly Double Transactions Volume to More Than $900 Billion by 2020
Echoing that growth, Chairman Jack Ma said Alibaba expects to have 2 billion consumers on its books by 2036, up from 423 million active buyers in 2016.
Spotify isn’t the only major music streaming service planning an IPO
China Music Corp. said to be headed for IPO later this year
The post Spotify isn’t the only major music streaming service planning an IPO appeared first on Music Business Worldwide.
A Chinese Sportswear Brand Called Uncle Martian Just Launched, and It Appears to Be Openly Ripping Off Under Armour
See if you can see any differences between the two companies’ logos.
China to Launch ‘Core Module’ for Space Station Around 2018
China plans to have a working permanent manned space station around 2022.