Chinese e-commerce giant Alibaba has announced to shut down the services of the Xiami Music app. It is a music streaming app. The company said that the app will no longer streaming music online after February 5. The app was considered a great way to listen to online music. The music app was launched around 2008. It was acquired by Alibaba five years later in 2013. Although it was designed to serve the Chinese market, the app saw huge loads from other countries as well. It was also China's one of the most popular platforms for streaming music online. Reports say that it has fallen to the wayside after Alibaba acquired it. Alibaba wanted to compete in the online music market of China with the Xiami app. But it couldn't meet the desired results and decided to discontinue its services. The Chinese online music market is dominated by Tencent Music. It is a subsidiary of tech giant Tencent Holdings. Tencent Music is involved in the business of developing exclusive services in the online music market for China. It is a joint venture between Tencent Holdings and Sweden-based music streaming service Spotify. Tencent Music has multiple apps in China that stream music online. It has over 800 million users of which 120 million are premium subscribers. The Xiami Music app failed to attract music lovers and thus it couldn't gain popularity in the Chinese market. The existing player accounts for nearly 56 percent of the online music market. Xiami Music app accounted for just 1.8 percent of the market share which translates into 11.9 million users. Alibaba's decision to shut shown the app comes close on the heels of Chinese regulators launching an antitrust probe into Alibaba. Its co-founder Jack Ma is also making the headlines as he is rumored to be missing for the last two months. According to Alibaba, users of the Xiami Music app will lose their data once its services are discontinued.

Alibaba To Discontinue Music Streaming Service Xiami Music App From February

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Chinese e-commerce giant Alibaba has announced to shut down the services of the Xiami Music app. It is a music streaming app. The company said that the app will no longer streaming music online after February 5. The app was considered a great way to listen to online music. The music app was launched around 2008. It was acquired by Alibaba five years later in 2013. Although it was designed to serve the Chinese market, the app saw huge loads from other countries as well. It was also China’s one of the most popular platforms for streaming music online. Reports say that it has fallen to the wayside after Alibaba acquired it.

Alibaba wanted to compete in the online music market of China with the Xiami app. But it couldn’t meet the desired results and decided to discontinue its services. The Chinese online music market is dominated by Tencent Music. It is a subsidiary of tech giant Tencent Holdings. Tencent Music is involved in the business of developing exclusive services in the online music market for China. It is a joint venture between Tencent Holdings and Sweden-based music streaming service Spotify. Tencent Music has multiple apps in China that stream music online. It has over 800 million users of which 120 million are premium subscribers.

The Xiami Music app failed to attract music lovers and thus it couldn’t gain popularity in the Chinese market. The existing player accounts for nearly 56 percent of the online music market. Xiami Music app accounted for just 1.8 percent of the market share which translates into 11.9 million users. Alibaba’s decision to shut shown the app comes close on the heels of Chinese regulators launching an antitrust probe into Alibaba. Its co-founder Jack Ma is also making the headlines as he is rumored to be missing for the last two months. According to Alibaba, users of the Xiami Music app will lose their data once its services are discontinued.

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