【Mobile Phone China News】Shrimp Music may "come back from the dead". According to the enterprise inspection APP, alibaba recently applied for a number of "shrimp music entertainment" trademarks through its subsidiary Alibaba Singapore Holdings Limited, and the international classification involves 38 types of communication services, 35 types of advertising sales, etc., and the current trademark status is in the application for registration. The outside world speculates that Ali may restart the shrimp music business.
Ali applied for the trademark of Shrimp Music Entertainment
Previously, Xiami Music issued an announcement that due to business adjustments, its music player business officially ceased service on February 5, 2021. After that, the user can no longer use the app properly. At that time, the explanation given by Xiami Music was that due to missing some key opportunities in the development process, the acquisition of music copyright content could not meet the diversified music needs of users, and it was only regrettable to say goodbye to users.
Shrimp music
However, it is worth noting that on July 24, the State Administration for Market Regulation ordered Tencent Holdings Co., Ltd. to release the exclusive copyright of online music. The Investigation of Tencent Music by the State Administration for Market Regulation shows that Tencent has gained a high market share by merging with major competitors in the market, and the exclusive song library resources occupied by the entity after concentration exceed 80%, which is an act of unfair competition. Therefore, the State Administration for Market Regulation imposed the above penalties on him. Some analysts believe that Tencent's order to cancel the exclusive copyright of online music has brought opportunities to other music platforms, and Shrimp Music may be able to restart.