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Tag: Tencent

NetEase Cloud Music Hits 400 Million User Mark

NetEase Cloud Music (NCM), one of China’s largest music platform, has announced today that it has officially reached 400 million users since its launch in 2013 and moving forward a strategic partnership with KKBox, Asia’s leading music streaming service. With Tencent claiming to have a similar number of active users…

Tencent to Expand Streaming Service Joox in SE Asia

Tencent is planning to further expand its streaming music reach, expanding the presence of Joox, its streaming platform in southeast Asia. While the service is currently available in Malaysia, Indonesia, Thailand and Hong Kong, Tencent has plans to launch it in at least two more countries this year, including India….

Highlights at IMS Asia-Pacific

International Music Summit (IMS) comes together in a two-day conference discussing some of the most vital issues affecting the music industry in Asia-Pacific. Its topics focus mainly on the exponential growth of the streaming, technology and festival market within the electronic dance genre. The end of the conference also signifies…

Tencent and PCCW Invest in STX Entertainment

STX also received new investments from East West Bank’s Dominic Ng as well as existing investors TPG Growth, Hony Capital, business interests of Gigi Pritzker, Michael Pucker and their immediate family and William Wrigley Jr. Proceeds from the investments will be used to accelerate STX’s expansion into a fully integrated…