Alibaba to shut down Xiami music app on Feb 5

Source : IANS 2021-01-05 17:58:14

Alibaba Group on Tuesday announced that it will close down its streaming platform Xiami music on February 5.

Xiami was once one of China's most popular and taste-making music streamers, but it has fallen to the wayside since it was acquired by Alibaba in 2013, reports Variety.

Alibaba acquired the music service to compete in China's online music market, which is dominated by Tencent Holdings.

However, it now holds a market share of only about 1.8 per cent, with around 11.9 million average monthly active users between May 2019 and April 2020.