Otoritas hak cipta China telah menyatakan bahwa platform musik digital tidak boleh menandatangani perjanjian hak cipta eksklusif kecuali dalam keadaan khusus.
NetEase Cloud Music is reportedly in alpha testing of a trading platform for beats, which would make the firm the first in the industry to provide such a service.
ByteDance's first music App in China is undergoing an internal test. The APP was named "Soda Music", but not "Fei Le", with much of the research and development of the app completed in September of this year.
At 9:30 this morning, NetEase Cloud Music, the music streaming arm of Chinese gaming giant NetEase, was listed on the main board of the Hong Kong Stock Exchange with ticker symbol "9899".
NetEase Cloud Music, the music streaming arm of Chinese tech giant NetEase, is planning to raise up to HKD $3.52 billion ($451.9 million) from an initial public offering (IPO) in Hong Kong.
On Tuesday, the Hong Kong Stock Exchange's website showed that NetEase Cloud Music has uploaded a brand-new post-hearing data set, and its co-sponsors for the listing are BoFA Securities, CICC and Credit Suisse AG.
NetEase, one of China's leading internet and online game services providers, announced on Tuesday its unaudited financial results for the third quarter this year.
Naabot ng NetEase Cloud Music ang isang pakikipagtulungan sa copyright sa China National Records Corporation, na humantong sa isang malaking bilang ng mga klasikong musika
NetEase Cloud Music is planning to report to the state regulatory authorities that South Korean company SM Entertainment is refusing to open its music copyright authorization.
Ximalaya has submitted an application for listing to the HKEx on Monday after dropping plans to list publicly in the United States. The firm's co-sponsors were Goldman Sachs, Morgan Stanley and CICC.
Tencent said on Tuesday that it has exited all exclusive music copyright agreements it had been engaged in after Chinese regulators barred it from such deals last month.
