Was not familiar w/ Lazy Audio until the acq., but seems to make sense. Something that I didn't stress enough in this article is that $TME is really a collection of all the biggest audio apps in China (with a few exceptions). TME runs QQ Music, Kugou Music, Kuwo Music, and WeSing separately. Lazy Audio it seems will also continue to function independently. For me, this acquisition helped solidify that owning $TME is like owning an index of 'audio content' in China
Funny enough, around the time this acquisition was announced, Alibaba also announced they'd be shutting down their music-streaming service.
Great read Ryan! Any thoughts on TME's acquisition of Lazy Audio?
Was not familiar w/ Lazy Audio until the acq., but seems to make sense. Something that I didn't stress enough in this article is that $TME is really a collection of all the biggest audio apps in China (with a few exceptions). TME runs QQ Music, Kugou Music, Kuwo Music, and WeSing separately. Lazy Audio it seems will also continue to function independently. For me, this acquisition helped solidify that owning $TME is like owning an index of 'audio content' in China
Funny enough, around the time this acquisition was announced, Alibaba also announced they'd be shutting down their music-streaming service.
Great write up. Thank you.
Amazing one Ryan!
Thank you for reading, Yoann!!