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ByteDance Formally Launches Qishui Yinyue Streaming Service Beta In China
Final September, stories indicated that TikTok mother or father ByteDance was making ready to roll out its personal music streaming service. Now, this platform, Qishui Yinyue, has formally launched in beta. Tencent Music Leisure (TME) execs had beforehand acknowledged the subscribership benefits of those agreements, and the corporate’s inventory has struggled since their cancellation – together with touching an all-time low of $2.95 per share final month, down from over $30 per share in March of 2021. Learn extra Digital Music Information
Netflix, China, And Actual Property
Michael Nathanson, Founding Associate and Senior Analysis Analyst at Moffettnathanson, discusses Netflix’s stunning Q1 earnings and outlook for the corporate and different streaming providers. Leland Miller, CEO of China Beige E-book Worldwide, talks about China’s inventory market, COVID in China, and what it means for international economies. Learn extra Bloomberg
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