Web Commerce Giant Alibaba Set to Launch a New Music Division

Chinese web commerce giant Alibaba recently announced it will launch a new music division following the closures of its music streaming apps Xiami and Tiantian. Having struck  a distribution deal with BMG earlier in the year, this is the latest move in an effort to expand its influence in the fast-growing streaming market. It will be headed by former Warner Music Executive Song KE and singer-songwriter Gao Xiaosong, and already has access to 2.5 million song copyrights, in...

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