Hangzhou Liaosike Network Technology Co.
Latest round
- Series A
Last raised
- Jun 2008
Total raised
- $0.7M
Investors
- 1
About Hangzhou Liaosike Network Technology Co.
, Ltd is located in Hangzhou, China. The company focuses on music content management and distribution, facilitating a platform for artists and labels to manage their music efficiently. In January 2013, Alibaba Group acquired a 95% stake in the company for USD 20 mn. The founder's history is not specified, and there are no mentions of any subsidiaries.?? (Conch Music) serves as a professional platform for music content management and distribution, utilizing the capabilities of the copyright library established by ???? (Xiami Music). It provides a music database management system that grants extensive metadata for music tracks, allowing enhanced visibility across platforms. Artists and labels can upload music without delay, managing content flexibly while benefiting from transparent revenue settlements based on usage data. The company has established partnerships with various commercial platforms, primarily in the e-commerce and digital service sectors, including the Alibaba ecosystem, with a focus on the Chinese market and potential expansion into other Asian regions.?? generates revenue through licensing agreements and distribution partnerships with music platforms. The business model involves music artists and labels submitting works to ?? for distribution to partner platforms, ensuring exposure and earnings based on performance metrics like streams or downloads. Strategies include designing new music management tools and establishing a presence in additional Asian markets by 2024.
Who invested in Hangzhou Liaosike Network Technology Co.
1 investor across 1 round
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Funding rounds
Series A
Jun 1, 2008
Amount
$0.7M
Investors
Questions about Hangzhou Liaosike Network Technology Co.
Who invested in Hangzhou Liaosike Network Technology Co.?
Hangzhou Liaosike Network Technology Co. has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Hangzhou Liaosike Network Technology Co. raised?
Hangzhou Liaosike Network Technology Co. has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Hangzhou Liaosike Network Technology Co. last raise money?
Hangzhou Liaosike Network Technology Co.'s most recent round on record is a Series A, in Jun 2008.
What does Hangzhou Liaosike Network Technology Co. do?
, Ltd is located in Hangzhou, China.
Where is Hangzhou Liaosike Network Technology Co. headquartered?
Hangzhou Liaosike Network Technology Co. is headquartered in Hangzhou, China.
Which VCs invest in companies like Hangzhou Liaosike Network Technology Co.?
Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back software companies at Hangzhou Liaosike Network Technology Co.'s stage. Their profiles are linked below.
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