Business

How did China’s digital music industry become the second largest in the world?



How big is China’s music industry?China’s music industry has grown rapidly to become one of the world’s largest over the past decade. Since breaking into the top 10 of the International Federation of the Phonographic Industry’s (IFPI’s) global rankings of music markets in 2017, it has risen to seventh place, just behind South Korea.But in terms of revenue from digital music, China was second only to the United States with US$2 billion in sales last year, and that number is expected to exceed US…



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