Yes, on January 24, 2017, Kugou merged to become a business platform under Tencent Music Entertainment Group. The new music group established by the merger of Tencent's QQ Music (Weibo) and China Music Group (CMC) has been officially renamed Tencent Music Entertainment Group (TME), and has successfully completed business structure adjustments and group personnel appointments.
Furthermore, in this business structure adjustment, in order to maintain better integration of QQ Music, Kugou and Kuwo platforms under Tencent Music Entertainment Group, focus on their respective development while unifying the pace, the new The business structure will include six major business lines.
The six major business lines include the establishment of Kugou Music Business Line, QQ Music Business Line, Kuwo Music Business Line, Music Finance Department, Copyright Management Department and Legal Management Department. Each major business line will be responsible for each music business line. R&D operations of product business and management of group-related affairs.
Extended information:
Kugou Music is one of the most popular music players in China. Kugou mainly provides online file interactive transmission services and Internet communications. It adopts advanced architecture design and development and has network file interactive functions.
The file download function with high transmission effect is designed for users, through which data sharing and transmission can be realized, and complete online entertainment services such as user chat and player can be supported. Any file can also be downloaded between friends. Transmission and communication, through Kugou, users can realize music search, instant messaging, file transfer, file sharing and other network applications conveniently, quickly and safely. Related News
1. In March 2016, Kugou Technology CEO Xie Zhenyu was named the Most Technical Leadership Person in 2015 by Internet Weekly.
2. In March 2016, the 2016 China Copyright Services Annual Conference with the theme of “Respecting Originality and Reinventing Tradition” was held in Beijing. The annual meeting announced the 2015 “CPCC Top Ten Chinese Copyright Owners” which took two months to select, and held an award ceremony. Kugou Music, as the only Internet music platform, won the Expert Special Mention Award.
3. On January 15, 2016, Kugou Kuwo and QQ Music signed a mutual sub-licensing agreement.
4. 2016 Q1 Mobile Music Market Report: Kugou continues to top the list with an absolute advantage.
5. On July 15, 2016, QQ Music, Kugou and Kuwo announced their merger.
6. On January 24, 2017, Kugou merged to become a business platform under Tencent Music Entertainment Group.
7. On August 3, 2017, Kugou Music was selected into the list of the top 100 Chinese Internet companies in 2017.
Reference: Baidu Encyclopedia-Kugou