Alibaba reportedly buying a 20% stake in NetEase Cloud Music

Big moves are afoot in China’s music-streaming world, with reports that tech giant Alibaba is acquiring a 20% stake in NetEase Cloud Music, as part of a wider $2bn investment in the latter’s parent company NetEase. MBW suggests that the deal may value NetEase Cloud Music as high as $9bn – less than half that of rival […]

NetEase’s Mathew Daniel talks China, artists and publishing as ketchup

Mathew Daniel, VP international at Chinese streaming service NetEase Cloud Music, has criticised collecting societies while suggesting that direct payments to publishers could be a better model in China. “I have an analogy. Publishing is like a tomato-ketchup bottle. We are in the 21st century, and we are all still struggling with it,” said Daniel […]

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