97da4868-5716-11eb-84b3-e7426e7b8906_image_hires_065516
HONG KONG, Jan 18 (SCMP): Xiami Music, the pioneering Chinese music streaming service owned by Alibaba Group Holding (which owns the Post), will close next month after management admitted it missed “crucial opportunities” in the battle with rival Tencent Music.
The story of Xiami is a cautionary tale of how a new product can win the hearts and minds of users but still fail in the marketplace despite being part of a much bigger corporation with deep pockets.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
