# Ultimate

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ultimate

- Industry: Software
- Headquarters: Shenzhen, China
- Website: www.ultimatemusic.cn
- Total disclosed funding: $3.8M
- Latest round: Series A (May 6, 2016)
- Investors on record: 2

## About

Based in Shenzhen, China, and established in 2012, Ultimate is a digital media company that provides digital music rights services. The company's person in charge of Business Operations, Zhuodong Ye, was the Chief Strategy Officer (CSO) of Tencent Music Entertainment Group. Some enterprises, such as Huawei Technologies Co., Ltd., Xiaomi Group, Geely, vivo Mobile, Great Wall Motor Company Limited, and Guangzhou Xiaopeng Motors Technology Co., Ltd., have cooperated with the company. It has obtained exclusive rights from record labels such as Javelin Music, Believe Music, Hummingbird Music, Wind Wave Music, and others. In May 2016, Ultimate raised CNY 25 million in series A funding led by new investor China Science & Merchants Capital Management, with participation from other new investor Xiaomi Group.

The company has launched a B2B open music platform. The platform cooperates with music copyright holders to do music copyright trading and then distributes the songs to corporate users. Ultimate can also provide value-added music services such as online music services, online ticketing, and music e-commerce. The services offered by the company have covered the field of smart terminals such as cell phones, cars, speakers, TVs, smart homes, and Internet APPs.

## Funding rounds

- Series A, May 6, 2016, $3.8M — China Science & Merchants Capital Management, Xiaomi Group

## Investors

- China Science & Merchants Capital Management (https://capitalatlas.ai/funds/china-science-merchants-capital-management) — Series A
- Xiaomi Group — Series A