Bankers expect it to follow up with the listing of China Music, the world’s third biggest music subscription business. Tencent put the streaming operation together by acquiring two big competitors last year and bolting them on to its home grown QQ Music, giving it a nearly two-thirds market share, according to iiMedia.
银行家们预计,腾讯将接着进行全球第三大音乐订阅业务中国音乐集团(China Music Corporation)的上市。腾讯去年收购了两家大型竞争对手,将其并入腾讯自主发展的QQ音乐(QQ Music)。根据艾媒网(iiMedia),这使腾讯占有了近三分之二的市场份额。
It also acquired exclusive rights from all the major international record labels, including Universal Music Group, giving it an effective monopoly on streaming of western mainstream music in its home market.
腾讯还取得了所有主要国际唱片公司的独家权利,其中包括环球音乐集团(Universal Music Group),这让腾讯实际上垄断了西方主流音乐在中国市场的在线播放。
Tencent claims 15m subscribers, meaning it trails only Spotify and AppleMusic in paying customers, and has 600m monthly active users.
腾讯称其音乐业务拥有1500万订阅用户,这意味着在付费用户上它仅次于Spotify和Apple Music,而其月活跃用户达到6亿。
That leaves its monetisation record of turning free users into paying subscribers, at 2.5 per cent, lagging well behind Spotify, which has 60m paying customers and over 140m users. While that partly highlights the battle to make music pay, others see the low number as massive potential for growth. “They’ve only started to scratch the surface,” said one Hong Kong-based banker.
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