Guangzhou Kugou Computer Technology Co., Ltd., a subsidiary of Tencent Music Entertainment Group, is a leading digital music interactive service provider in China and an Internet company with large-scale genuine music resources and services
Kugou is a leading digital music interactive service provider in China, a well-known enterprise in Internet technology innovation, and is committed to providing the best solutions for Internet users and the development of the digital music industry.
Since its establishment, the company has been making bold attempts in the development of digital music, cooperating with a large number of record companies and copyright management agencies to explore development ideas, accumulating a large number of digital copyrights, and making efforts to promote a wider range of cross-industry and cross-platform cooperation, making its own contributions to the arduous process of global music digitization.
In the field of technology promotion, the company has created a number of international leading technologies, such as advanced shared interactive network, data transmission scheme, efficient distributed decentralized search, the world's only song recognition technology, accurate dynamic karaoke lyrics function and music recommendation management system, etc., which have filled the domestic technology gap and led the development of a new generation of Internet architecture technology.
The high-quality products and services provided by KUGOU have become popular Internet products for young Chinese users, including DIY personal digital albums, Kugou entertainment that leads the information trend, all-weather online live music radio stations and mobile music players, etc., information, audio-visual and interaction, so that users can enjoy integrated entertainment services in KUGOU.
Ocean Music GroupIt is an Internet company dedicated to providing genuine music resources and services, the group has been making bold attempts in the development of digital music since its establishment, cooperating with nearly 100 record companies and copyright management agencies to explore development ideas, accumulating about 600,000 music copyrights, and establishing good cooperative relations with many well-known brand enterprises at home and abroad, such as EMI, Rolling Stone, Taihe Wheat Field, Yashen, etc., and making efforts to promote a wider range of cross-industry and cross-platform cooperation.
China Music Corporation (CMC) and Tencent Group (00700) jointly announced on July 15, 2016 that they have reached a consensus to merge their digital music business.
In this transaction, Tencent merged its QQ Music business with CMC, becoming the majority shareholder of the new music group through asset swaps, and will fully support its business development and lay the foundation stone for the listing. CMC Co-CEOs Xie Zhenyu and Xie Guomin will be the co-presidents of the New Music Group, and Tencent Vice President Peng Jiaxin will be the CEO of the New Music Group. After the merger, products and brands such as QQ Music, Kugou and Kuwo will maintain independent development.
