On Nov.29, a post on Sina Weibo, Chinese largest microblogging platform, claimed that Alibaba’s music streaming platform Xiami Music（虾米音乐) is going to close down permanently in January 2021.
Chinese video game and entertainment company NetEase beat analyst expectations for its first quarter revenues as the company increased its online games revenue with new game launches and further monetized its music streaming app.
Late last year Chinese tech behemoth ByteDance released a beta version of its upcoming music app, Resso, with the goal of tapping the music streaming market in India and Indonesia.
