China-based music services provider Taihe Music Group has raised RMB1bn ($154m) in a funding round co-led by Legend Capital, the venture firm formed by conglomerate Legend Holdings, China Money Network reported today.
Investment manager Zhongtai Chuanghui and private equity fund Guochuang Kaiyuan also participated in the round.
Taihe owns nine record labels and retains the rights to a large music catalogue made up of its own music as well as that sourced through distribution deals. It is also responsible for…
