This multi-million-dollar market was majorly sustained by the distribution of recorded music as opposed to live music in China. Undoubtedly, it was music streaming holding the largest share of revenue generated by the industry, equivalent to more than 700 million U.S. dollars in 2019. As of June 2021, the online music streaming userbase in the country figured around 680 million users, most of them accessing these services via smartphones.
This multi-million-dollar market was majorly sustained by the distribution of recorded music as opposed to live music in China. Undoubtedly, it was music streaming holding the largest share of revenue generated by the industry, equivalent to more than 700 million U.S. dollars in 2019. As of June 2021, the online music streaming userbase in the country figured around 680 million users, most of them accessing these services via smartphones.