ByteDance Officially Launches Qishui Yinyue Streaming Service Beta In China
Last September, reports indicated that TikTok parent ByteDance was preparing to roll out its own music streaming service. Now, this platform, Qishui Yinyue, has officially launched in beta. Tencent Music Entertainment (TME) execs had previously acknowledged the subscribership advantages of these agreements, and the company’s stock has struggled since their cancellation – including touching an all-time low of $2.95 per share last month, down from over $30 per share in March of 2021. Read more Digital Music News
Netflix, China, And Real Estate
Michael Nathanson, Founding Partner and Senior Research Analyst at Moffettnathanson, discusses Netflix’s shocking Q1 earnings and outlook for the company and other streaming services. Leland Miller, CEO of China Beige Book International, talks about China’s stock market, COVID in China, and what it means for global economies. Read more Bloomberg
