BMG, a music business subsidiary of Germany's Bertelsmann Group, has signed an exclusive online music distribution agreement for the Chinese market with Alibaba.
Under the agreement, Alibaba will become the exclusive online distributor of BMG music and artists in the Chinese market. Alibaba will sell those products on its own platforms such as Xiami.com. In addition, the Chinese e-commerce group will assume the monitoring responsibilities and take actions for BMG-related infringements in the Chinese market.
For large Internet enterprises in China, entertainment is an important asset to maintain user loyalty and prevent use loss to competitors. But neither Alibaba nor BMG released figures on the expected revenue derived from the venture.
In 2014, Alibaba's major competitor Tencent also formed similar alliance with global music companies. In December 2014, Tencent became the exclusive online distributor for Sony Music Entertainment in mainland China. In November 2014, Tencent signed a distribution agreement with Warner Music.
Alibaba Group Holding has joined rivals including Tencent Holdings and Baidu in rolling out Spring…
Curated By :Last Updated:February 02, 2026, 14:14 ISTWe are also covering: Nine-page suicide note of…
The Cuban government has rejected accusations that it poses a threat to the security of…
BEIJING - On Jan 22, Chinese space start-up InterstellOr created a buzz on Chinese social…
Copper prices continued to slide from record highs as market participants weighed whether bullish investors…
With the Year of the Horse fast approaching, one golden mane has been decorating the…