TikTok has announced a new partnership with Universal Music Group (UMG), offering its users more options to use authorized music for their content shared on the hugely popular short video platform. Read More
A Chinese copyright body has requested Kuaishou remove 10,000 videos from its platform for alleged infringement of intellectual property rights, and that may just be the start. The order comes as the short video app prepares to trade its shares in Hong Kong. Read More
Shanghai-based esports event organizer Versus Programming Network (VSPN) has raised $60 million in its series B+ funding round, as esports’ inclusion in the lineup for the 2022 Asian Games as a full medal event has increased investor interest. Read More
Tencent Music Entertainment Group (TME), a unit of internet giant Tencent, is expanding its business scope with a deal to buy Lazy Audio, a Chinese provider of audio entertainment including audiobooks, comedies, podcasts and radio shows. Read More
iQiyi said on Thursday that its original computer generated animated series “Deer Squad” will premiere on the child-focused television channel Nickelodeon in the U.S. on January 25, the latest sign that the Chinese online video giant is trying to reach global audiences. Read More
A consortium led by Tencent will buy an additional 10% stake in Universal Music Group (UMG) from French media conglomerate Vivendi, increasing their holding in the record label to 20%, as Tencent aims to dominate the Chinese music streaming market, according to a statement on Friday. Read More
Despite suffering a dramatic revenue drop in the third quarter, Chinese fashion e-commerce firm Mogu posted solid growth in sales linked to its livestreaming business. Read More
Tencent Music Entertainment Group (TME) is entering the virtual concert arena in partnership with a U.S. startup, as it extends its offerings beyond simply providing songs licensed from third parties. Read More
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