Allsaints Music Group
closedIntegrated digital music services for smart devices.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $60.0m | Series B | |
| Total Funding | 000k | ||
Allsaints Music Group, operating as 深圳市万声文化科技有限公司, is an integrated digital music service provider established in 2020 and based in Shenzhen, China. The company was founded by digital music industry veterans Yingbo Zhu and Gary Chen. Zhu, the Founder and CEO, was the founding CEO of China Telecom's iMusic and a founding member of ASPire Holdings. Co-founder and Chief Content Officer, Gary Chen, founded China's first legal music platform, Top100.cn, and previously served as a partner at ChangBa Music Group.
The company focuses on providing a business-to-business-to-consumer (B2B2C) model for the digital music industry. Its core business involves the procurement, distribution, operation, and settlement of licensed music content, along with big data support. Allsaints Music Group partners with major mobile hardware manufacturers, including OPPO, vivo, and Xiaomi, to integrate its music streaming application and services into their smart devices such as smartphones, smart speakers, TVs, and EVs. This strategy allows the company to reach a large user base, which stands at over 60 million daily users.
The firm's platform provides content online, data analysis, global distribution, and user operation services for its clients, which include content copyright companies and device manufacturers. For musicians, it offers a one-stop platform for work management and distribution to major music platforms. The business model generates revenue through a premium subscription service on its app, which offers ad-free listening, higher audio quality, and offline downloads. The company leverages technologies like artificial intelligence and blockchain to innovate its services, offering an AI Audio Engine for intelligent processing and aiming to reshape the music industry's value chain. In August 2021, the company announced the completion of a $60 million Series B1 financing round led by CMBI and OPPO, with participation from Xiaomi and Hui Capital.
Keywords: digital music distribution, B2B2C music platform, music content licensing, smart device audio services, music streaming service, AI audio engine, blockchain music, artist services platform, mobile music integration, content procurement, user operation services, big data music analytics, Shenzhen technology, Yingbo Zhu, Gary Chen