In November, China’s court system website published the final court ruling on Tencent vs. NetEase case over Jay Chou’s music copyright. The People’s Court of Shenzhen Qianhai Cooperation Zone of Guangdong Province ordered the defendant to compensate the plaintiff (Tencent Music Entertainment Technology (Shenzhen) Co., Ltd.) for economic losses and reasonable expenses for stopping the infringement within 5 days from the effective date of this judgment, totaling 850,000 yuan. At the same time, the plaintiff’s other claims were denied. The case processing fee is 46,720 yuan and would be paid by the three defendants.
Financing Kuke Music Updated Prospectus Kuke Music(库克音乐) recently updated its prospectus which revealed its plan to issue 5 mil2021-01-20
Financing Square Plans to Acquire Tidal Sources revealed on December 29th, 2020, that Twitter CEO Jack Dorsey’s digital payment2021-01-12
Financing Traditional Chinese Instrument Education Chain Chengyu Zhengye Received Nearly 10 Million Yuan in Angel Round Financin2021-01-05
Copyright © 2015 China Music Business News