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ALIBABA EXPANDS STREAMING BIZ

Alibaba Music is eyeing a late 2016 launch of an English-language version of its music streaming service Alibaba Planet that the Chinese company launched 4/15 in China.

Led by three established Chinese music -industry heavyweights, Alibaba Planet is an online platform that allows fans to connect with musical acts, watch live shows and purchase merchandise, a first of its kind in the country. The app also has a B2B element that allows members of the music industry to register as a merchant and sell services or products to individual users or corporate clients.

Established in 2015 last year as part of the e-commerce behemoth’s expansion into digital entertainment, Alibaba Music has rights agreements with Universal Music Group and BMG in addition to multiple Chinese music companies.

Alibaba Music CEO Song Ke said of Alibaba Planet is key to the company’s plan “to become the world’s largest Internet-based music company, and to build up the commerce landscape for the global music and entertainment industry. Alibaba Planet amplifies interaction among stars, users and merchants, creating more business opportunities and delivering more entertainment offerings.”

Alibaba Planet is an upgrade of it mobile music player app TTPOD, which the company purchased in in 2013, the same year it acquired music service provider Xiami.

In a related story, any artists out there looking for a billion or so new fans?

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