Category archives: NetEase Cloud Music

The independent artist market is exploding in China – with NetEase and Tencent battling to woo the best indie acts

Stat Of The Week: How indie acts are central to the strategies of China’s two biggest streaming music providers
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China’s NetEase Cloud Music, with over 800m users, gains rights to use 1.3m Warner Chappell songs

Deal comes as Tencent exclusivity deals are said to be expected to expire over next two years
The post China’s NetEase Cloud Music, with over 800m users, gains rights to use 1.3m Warner Chappell songs appeared first on Music Business Worldwide.

Tencent wins Jay Chou copyright lawsuit against NetEase – report

The music streaming wars in China are getting hotter. NetEase Cloud Music (NCM) has reportedly just lost a copyright lawsuit against rival Tencent Music Entertainment (TME) in the region. According to reports from the likes of Caixin Global and other n…

Confirmed: Alibaba buys stake in NetEase Cloud Music in $700m deal

in a separate deal, Alibaba has also acquired NetEase’s import e-commerce platform Kaola for approximately $2 billion
The post Confirmed: Alibaba buys stake in NetEase Cloud Music in $700m deal appeared first on Music Business Worldwide.

Alibaba to acquire 20% of NetEase Cloud Music for around $2bn, say sources

Major league deal will take on Tencent Music Entertainment, owner of QQ Music, Kuwo and KuGou
The post Alibaba to acquire 20% of NetEase Cloud Music for around $2bn, say sources appeared first on Music Business Worldwide.

Following $43 Million in Losses in 2018, NetEase Cloud Music Partners with Japan’s Nippon Columbia

NetEase Cloud Music has been on the move as of late. Late last year, and ahead of Tencent Music’s fabled IPO launch, the Chinese streaming music giant had closed an important financing round. NetEase Cloud Music raised $600 million in funding.  Strateg…

NetEase Cloud Music partners with South Korea’s Cube Entertainment

NetEase has been granted access to Cube Entertainment’s complete music catalog
The post NetEase Cloud Music partners with South Korea’s Cube Entertainment appeared first on Music Business Worldwide.

NetEase Cloud Music Raises $600M As Users Jump 200M In 12 Months To 600M

NetEase Cloud Music has completed a $600 million funding round to take on Spotify partner Tencent Music in China and Asia’s exploding streaming music market. NetEase boasts 600 million registered users, adding 200 million over the last twelve months. Launched in April 2013, NetEase Cloud Music has one of China’s…

NetEase Cloud Music completes $600m raise to take on Tencent

Baidu, General Atlantic, Boyu Capital and others plough money into Tencent Music rival
The post NetEase Cloud Music completes $600m raise to take on Tencent appeared first on Music Business Worldwide.