Please wait while we enable your Account

0%

Contacting Amazon Web Services
Deploying Cloud Servers, Storage, Transcoding & Database Servers
Deploying Global CDN
Deploying Firewall & Enabling Security Measures
Deploying the CMS & Admin Module
Deploying Website, Mobile & TV Apps framework
Creating your FTP account
Finishing up all the modules
Preparing for launch

Tencent expands, invests in Indian music streaming service

Roshan Dwivedi Published on : 05 March 2018

India’s popular music streaming service, Gaana has attracted “ a sizeable investment” from the Chinese web giant Tencent. Gaana, the 2010 music firm is a property of media firm The Times Of India.

Tencent which is a pretty dominant player in the rapidly expanding Chinese digital music domain has shown concern in Gaana as a part of its interest in global music streaming market. Tencent’s music division is set for a spin-off as a standalone company in late 2018 and operates in the streaming music arena including QQ Music in the Chinese market.

Last year also, Tencent was in news for an equity swap with Swedish music streaming giant Spotify, a global leader in online music streaming.

 

Written by: Roshan Dwivedi

Add your comment

Leave a Reply

Your email address will not be published.

Try Muvi One free for 14 days

No Credit Card Required

.muvi.com
Your website will be at https://yourname.muvi.com, you can change this later.

Upcoming Webinar
April 25

8:00AM PST

Keep it Secure, Keep it Safe: Tips and Techniques to Protect Your Video Content

Streaming content security has quickly elevated to the number one priority across the industry. That’s because billions are being lost in live event revenue, such as sporting events,…...

Event Language: English
1 hour