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Investegate |Believe Announcements | Believe: As part of its strong growth strategy in China, Believe renewed its deals with two leading digital players, NetEase Cloud Music and Tencent Music Entertainment

Investegate announcements from Believe, As part of its strong growth strategy in China, Believe renewed its deals with two leading digital players, NetEase Cloud Music and Tencent Music Entertainment

NetEase s Cloud Music sues Tencent Music, accuses it of unfair competition

The move is the latest development in a long-running rivalry between the two Chinese tech giants.

Spotify still dominates the music streaming market, YouTube Music appeals to Gen Z

Spotify, Deezer, Apple Music, Amazon Music. Online listening platforms continue to grow, becoming the main means of music distribution. To such an extent that subscriptions to these services increased by 26.4% in the second quarter of 2021, according to a study by analytics firm Midia Research.

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