Tencent Music Entertainment Group, the Chinese answer to Spotify that Tencent spun out and floated on the New York Stock Exchange in December, reported a net loss of 876 million yuan ($127 million) in its first set of quarterly results since going public. The loss, which TME forecasted in its prospectus filed ahead of the IPO, […]
View More Spotify rival Tencent Music posts maiden quarter loss of $130M on one-off costsCategory: Online Music Stores
Spotify rival Tencent Music posts maiden quarter loss of $130M on one-off costs
Tencent Music Entertainment Group, the Chinese answer to Spotify that Tencent spun out and floated on the New York Stock Exchange in December, reported a net loss of 876 million yuan ($127 million) in its first set of quarterly results since going public. The loss, which TME forecasted in its prospectus filed ahead of the IPO, […]
View More Spotify rival Tencent Music posts maiden quarter loss of $130M on one-off costsPut Alexa and a JBL speaker in your ceiling with this clever LED downlight
This light makes the smarthome even more accessible. Installed as any other ceiling downlight,the June AI downlight features Amazon Alexa through an integrated JBL speakers. There’s a light in there too. The idea is great: make the smarthome invisible. Instead of having an Amazon Echo sitting on a table, this device sits in a person’s […]
View More Put Alexa and a JBL speaker in your ceiling with this clever LED downlightChina’s Tencent Music raises $1.1 billion in downsized US IPO
Tencent Music, China’s largest streaming company, has raised $1.1 billion in a U.S. IPO after it priced its shares at $13 a piece ahead of a listing on the Nasdaq. That makes it one of the largest tech listings of the year, but the pricing is at the bottom end of its $13-$15 range indicating […]
View More China’s Tencent Music raises $1.1 billion in downsized US IPOTencent Music sued by investor ahead of $1.2 billion US IPO
China’s largest music streaming service has had a whirlwind year. With 800 million monthly users across multiple apps and a profitable business, Tencent Music Entertainment is gearing up for one of this year’s most anticipated initial public offerings in the US. But the firm has landed in hot water in the months leading up to […]
View More Tencent Music sued by investor ahead of $1.2 billion US IPOChina’s NetEase raises $600M for its music streaming business
As Tencent Music, China’s largest streaming firm, reportedly stalls on its proposed U.S. IPO, one of its closest challengers is doubling down. NetEase Cloud Music, a rival operated by games and publishing giant NetEase, just closed a fresh $600 million injection from a bevy of investors that include Baidu and General Atlantic, the company announced […]
View More China’s NetEase raises $600M for its music streaming businessAs stock rises on a slim earnings beat, eBay tells analysts to focus on payments and ads
Despite increasing competition from traditional retailers like Walmart and Target, which have invested heavily in e-commerce, and the whupping it’s routinely taking from Amazon among pure e-commerce companies, eBay the 20-year-old lumbering Pez dispenser of an e-tailer, keeps plugging along. Now, as it manages to eke out another earnings win by matching analysts’ expectations, the […]
View More As stock rises on a slim earnings beat, eBay tells analysts to focus on payments and adsAlexa is reported down across Europe
Reports are coming in that Amazon’s Alexa service is down in parts of UK, Spain, Germany and Austria. According to Down Detector and Twitter, the problem started surfacing around 8am local time and still continues. Interestingly, some users are reporting the issue is isolated to Echo Dot 2 models and while other Echo devices are […]
View More Alexa is reported down across EuropeMusic payments startup Exactuals debuts R.AI, a “Palantir for music royalties”
Exactuals, a software service offering payments management for the music industry, is debuting R.AI, a new tool that it’s dubbed the “Palantir for music”. It’s a service that can track songwriting information and rights across different platforms to ensure attribution for music distributors. As companies like Apple and Spotify demand better information from labels about the […]
View More Music payments startup Exactuals debuts R.AI, a “Palantir for music royalties”Amazon’s next conquest will be apparel
Sunny Dhillon Contributor Sunny Dhillon is a partner at Signia Venture Partners. More posts by this contributor The rise of experiential commerce Approaching e-commerce investments in the age of Amazon Late last year, after Amazon announced it had acquired the rights to J.R.R. Tolkien’s epic “Lord of the Rings” saga for $250 million, I wrote […]
View More Amazon’s next conquest will be apparelAmazon’s top original shows generated an estimated 5M new Prime members
Amazon’s original content efforts are paying off, at least in terms of driving new sign-ups for Prime, which is ostensibly their main value to the commerce giant. Documents obtained by Reuters show that the top Prime video original programming, including 19 shows covered within, were accountable for as many as a quarter of the total […]
View More Amazon’s top original shows generated an estimated 5M new Prime membersEssential Phone’s new ‘Halo Gray’ color goes on sale exclusively at Amazon
The Essential Phone is currently in the midst of being rolled out in a range of new colors, including three that will be released excessively on Essential’s own website, with a staged release schedule that began Thursday. On Friday, however, Essential revealed a surprise fourth new color, “Halo Gray,” which will be exclusive to Amazon and which is now available to… Read More