Investment Summary

Kuke Music Invests In KOLO.Market

On March 13, 2023, Kuke Music invested in internet software and services company KOLO.Market

Investment Highlights
  • This is Kuke Music’s 1st transaction in the Internet Software and Services sector.
  • This is Kuke Music’s 1st transaction in Singapore.

Investment Summary

Date 2023-03-13
Target KOLO.Market
Sector Internet Software and Services
Investor(s) Kuke Music
Deal Type Stake Purchase

Target

KOLO.Market

Singapore, Singapore
KOLO.Market is a vertically integrated classical music Web 3.0 platform that aims to create a well-rounded and healthy classical music ecosystem. Targeting the tremendous business potential in music copyright licensing in the Web 3.0 movement, KOLO aims to protect intellectual property rights, maximize the income of music creators and copyright owners, provide fair profit sharing, and establish a sustainable decentralized business with blockchain technology. Through KOLO, artists can enjoy permanent authentication of ownership of musical works, self-management, and fair royalty splits; music users can enjoy direct interaction and earnings; and for investors, KOLO offers secured assets, quick settlement of transactions, and the integration of digital music resources. KOLO.Market is based in Singapore.

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Investor(S) 1

Investor

Kuke Music

Beijing, China

Category Company
Founded 2002
Sector Media
Employees59
Revenue 69M USD (2024)
DESCRIPTION

Kuke Music provides classical music licensing, subscription, and education services through its subsidiaries in China. The company operates in two segments: Subscription, Licensing, and Smart Education Business; and Music Events Business. The Subscription, Licensing, and Smart Education Business segment distributes commercial copyrights and offers music education solutions. It provides classical music licensing, musical content, online classical music subscription, and smart music education services. Kuke Music was formed in 2002 and is based in Beijing, China.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2023 M&A 1 of 1