About Duomi Music
Duomi Music is a company based in Beijing (China) founded in 2009 by Jimmy Shi. It operates as a B2C. Duomi Music has raised $97 million across 3 funding rounds from investors including Hillhouse. Duomi Music operates in a competitive market with competitors including Netease Music, Joox Music, KuGou, Kuke and A8 Digital Music, among others.
- Headquarter Beijing, China
- Founders Jimmy Shi
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$97 M (USD)
in 3 rounds
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Latest Funding Round
$40 M (USD), Series B
Oct 19, 2016
- Investors
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Employee Count
Employee Count
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Funding Insights of Duomi Music
Duomi Music has successfully raised a total of $97M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $40.0M
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First Round
First Round
(01 Oct 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Series B - Duomi Music | Valuation |
investors |
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| Nov, 2015 | Amount | Series A - Duomi Music | Valuation |
investors |
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| Oct, 2012 | Amount | Seed - Duomi Music | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Duomi Music
Duomi Music has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Hillhouse. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Global private equity investments are managed with long-term focus.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Duomi Music
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Duomi Music
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Duomi Music Comparisons
Competitors of Duomi Music
Duomi Music operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Netease Music, Joox Music, KuGou, Kuke and A8 Digital Music, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Music is streamed and downloaded through an online platform.
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| domain | founded_year | HQ Location |
Online music streaming app is offered for Android users.
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| domain | founded_year | HQ Location |
Music is streamed and downloaded by users via KuGou platform.
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| domain | founded_year | HQ Location |
Online streaming of non-pop music genres is offered by Kuke.
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| domain | founded_year | HQ Location |
China-based music distribution platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Duomi Music
Frequently Asked Questions about Duomi Music
When was Duomi Music founded?
Duomi Music was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is Duomi Music located?
Duomi Music is headquartered in Beijing, China.
Who is the current CEO of Duomi Music?
Jimmy Shi is the current CEO of Duomi Music. They have also founded this company.
Is Duomi Music a funded company?
Duomi Music is a funded company, having raised a total of $97M across 3 funding rounds to date. The company's 1st funding round was a Seed of $17M, raised on Oct 01, 2012.
What does Duomi Music do?
Duomi Music, founded in 2009 in Beijing, China, focuses on media and entertainment, handling digital media, offering music streaming, and chinese music. A music streaming platform focused on Chinese music. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Who are the top competitors of Duomi Music?
Duomi Music's top competitors include Netease Music, Kuke and Joox Music.
Who are Duomi Music's investors?
Duomi Music has 1 investor. Key investors include Hillhouse.