Taiwanese Streaming Service KKBOX Gets $104 Million…

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KKBOX is a music streaming service based in Taiwan. The service also operates in Hong Kong, Japan, Singapore, Malaysia, and Thailand. KKBOX was founded in 2004.

The company licenses over 10 million tracks from over 500 record labels

KKBOX announced that they’ve raised $104 million from Singapore’s GIC (Government of Singapore Investment Corporation). Funding will be used for technical research and development and overseas expansion.

 

 

Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u

2 Responses

  1. new ot me

    Why doesn’t Taiwan have a national currency? Do other countries also use the US Dollar?

    Reply
  2. TuneHunter

    Salvation to lost industry on the way! WOW!
    I am so touched reading this announcement!

    Reply

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