Oppo and Xiaomi have backed the streaming service leveraging blockchain for user content.

China-based music platform Allsaints Music Group hauled in $60m in a series B1 round co-led by electronics company Oppo and also backed by its peer Xiaomi.

Oppo co-led the round with China Merchant Bank’s CMB International subsidiary, while venture capital firm Hui Capital.

Allsaints provides a music streaming service that aims to create a community of user-generated content that can then be streamed across devices. It hopes to integrate blockchain into music streaming, letting artists create unique digital assets and…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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