Digital Hollywood - Friday, December 9, 2005
The Launch Music of China
Chinese online music and ringtone company A8 (not named after the Audi model) announced this week that it had received a $20M investment from TDF Capital, Intel Capital, JAFCO Asia, Mitsubishi UFJ Securities and IDGVC. A8 CEO Liu Xiaosong said that A8 will invest $10M to sponsor music producers. A8 has been profitable for three years and currently has about 20M Yuan (over $2M) in monthly revenues. A8 has mad traffic and can surely figure out more ways to capitalize on that.
A Popular Chinese Singing Artist
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