In what comes as the largest funding round for a Taiwan startup this year, Taipei-based KKBox has announced it just raised US$104 million from Singapore’s GIC, a government owned investment firm. The company says it will use the funding to continue its overseas expansion and improve its technology. “The investment stems from GIC’s confidence in the long-term growth potential of KKBox given its unique music streaming service and strong franchise in its home markets.
SAN FRANCISCO, May 23 ― As Spotify celebrates hitting the 10 million paying subscriber milestone, Samsung is reaching the end of its music streaming venture. And, from July 1, Samsung’s Music Hub will cease to be. The company is already advising users that they will need to download all music purchases made from the app and use up any vouchers for it if they don’t want to lose any of their tracks when the music-streaming service stops.
Japanese convenience store chain Lawson will announce its US$1.1 million series A investment in Tokyo-based startup Beatrobo later today, Tech in Asia has learned. Beatrobo is a global, social music service that uses customizable robot avatars as a conduit for sharing songs and discovering new artists. The company’s first attempt at hardware, PlugAir, may become the digital mixtape of the future. The tiny device plugs into a mobile device’s earphone jack and acts as a key for instantly downloading music.
Today, music streaming service Spotify is now officially available in the Philippines. This comes a couple of weeks after Tech in Asia spotted Spotify’s quiet ‘soft’ launch in partnership with Coca-Cola. When Spotify soft launched in the Philippines, interested users could only get a sign-up code by sending an email to the Coca-Cola team. That is changing today, because now anyone in the Philippines can now download and create an account on Spotify.
Philippine telco Smart now has an iPhone app to go with its music streaming service. Called Spinnr, it allows users to download or stream music. All the tunes come from publishers Universal Music Group and Sony Music Entertainment. Spinnr already has over three million songs in the database.