Taiwan-Based Streaming Music Service KKBOX Raises $104M To Expand Overseas

KKBOX, a Taiwan-based company that has provided streaming music services in Asia since before Spotify was founded, announced that it has raised $104 million from Singapore GIC (formerly known as the Government of Singapore Investment Corporation). […] KKBOX was founded in 2004 and currently has deals with 500 international and local music labels that allow it to stream over 10 million tracks. In addition to its streaming music services, KKBOX also publishes a monthly print magazine about music and holds an annual music awards show in Taiwan. KKBOX first started expanding overseas in 2009, starting with Hong Kong. Since 2013, however, it has had to compete with Spotify, which launched in Singapore, Hong Kong, and Malaysia that year. It is now also available in the Philippines and Taiwan. – Catherine Shu,TechCrunch
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