Alibaba to Shut Down Xiami Music App on February 5 Due to ‘Operational Adjustments’

Must read

How to disable and delete Samsung Pay from your Galaxy phone

When it comes to paying conveniently, Samsung Pay makes using your phone as a bank card an easy process; however, there may come...

The Brydge Surface Laptop Dock is Functional Art for Your Desk – Review Geek

BrydgeIf you have a laptop, one of the best accessories you can get is a docking station. With a dock, your laptop quickly...

How to Hack the Hidden Google Chrome Dinosaur Game

Most of us have seen the dreaded “No Internet” error message on Google Chrome. You can actually turn this screen into a fun,...

Signal Is Down Globally After Huge Influx of Users

Signal is facing an outage globally — thousands of users are reporting errors to site status tracker DownDetector, and Gadgets 360 confirmed this...
Bhawani Singhhttps://techmepro.com
I am a blogger who believes in delivering latest tech news from around the world to my viewers.

Alibaba Group will close its music streaming platform Xiami Music next month, in a move that marks a step back from its ambitions to push into China’s entertainment industry.

“Due to operational adjustments, we will stop the service of Xiami Music,” the online music arm of the Chinese e-commerce giant said on Tuesday on its Weibo account, adding that the closure will occur on February 5.


“It’s hard to say goodbye after being with you for 12 years.”

Alibaba acquired the music service in 2013, and invested millions of yuan to compete in China’s online music market, which is dominated by Tencent. Its efforts however have not paid off and the app currently only has 2 percent of China’s music streaming market, behind KuGou Music, QQ Music, KuWo, and NetEase Cloud Music, according to Beijing-headquartered data intelligence company TalkingData.

Xiami’s closure also comes after Chinese regulators announced that they had launched an antitrust investigation into Alibaba, which beyond its core e-commerce business also operates in sectors such as financial services, cloud computing and artificial intelligence.


However, it does not mark the end to Alibaba’s participation in the online streaming market. In September 2019, Alibaba invested $700 million (roughly Rs. 5,100 crores) in one of Xiami’s competitors, NetEase Cloud Music.

© Thomson Reuters 2020


What will be the most exciting tech launch of 2021? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Source link

More articles

Leave a Reply

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

- Advertisement -

Latest article

How a DVD for Cats Got Me Hooked on Bird Videos – Review Geek

Andrew HeinzmanI don’t know what I expected from Cat Sitter Volume II, a poorly-printed DVD that promises to hypnotize housecats with hours of...

These belong in a museum: the best Indiana Jones games

Grab that bullwhip, dust off your fedora: there's a new Indiana Jones game in development over at Bethesda.Being headed up by Wolfenstein developer...

MacBook Pro 2021 Models Will Have Flat-Edge Design, Lose the Touch Bar, Bring Back MagSafe: Ming-Chi Kuo

MacBook Pro models coming out this year will see significant design changes as reportedly stated by noted analyst Ming-Chi Kuo. There have been...

Top Stories: Google Assistant goes Super Saiyan, more

In this week’s top stories: we help the Google Assistant go Super Saiyan in Dragon Ball Z easter egg, take an early look...
- Advertisement -