Wednesday, June 10, 2015

Spotify raises US$526M, but are Asians paying for music streaming?

Rival Tencent’s QQ Music only*costs US$1.6 per month, but even at this low price-point, many Chinese consumers still see no reason to pay Spotify has just closed a massive US$526 million round of funding at a valuation of US$8.53 billion, according to a report by the Wall Street Journal today. But, as it*takes on growing...
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