About Duomi Music
Duomi Music was a Media & Entertainment company based in Beijing (China) founded in 2009 by Jimmy Shi. A music streaming platform focused on Chinese music. It operates on a B2C model. Duomi Music has raised $97 million across 3 funding rounds from investors including Hillhouse. Its chief executive, as recorded, is Jimmy Shi. Its website duomi.com draws about 681 thousand monthly visits. The company is recorded as dissolved. Its focus areas include Media and Entertainment, Digital Media, Music Streaming and Chinese Music. Its competitors include Netease Music, Joox Music and KuGou; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Beijing, China
- Founders Jimmy Shi
- SectorsMedia & Entertainment
- Website duomi.com
- Total Equity Funding$97M (USD)
in 3 rounds
- Latest Funding Round$40M (USD), Series B
Oct 2016
- Investors
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 $97M
- Total Rounds 3
- Last Round Series B — $40M
- First Round $17M
(Oct 2012)
- Investors Count 1
All 3 funding rounds of Duomi Music with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2016 | $40M | Series B | – | – | |
| Nov 2015 | $40M | Series A | – | – | – |
| Oct 2012 | $17M | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Duomi Music
Duomi Music has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Hillhouse.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global private equity investments are managed with long-term focus. | hillhouseinvestment.com | New York, United States |
Investor details for Duomi Music
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Duomi Music
1 people are tracked at Duomi Music (1 in leadership).
| Name | Role | Group |
|---|---|---|
Jimmy Shi | ex-Co-Founder, CEO | Leadership |
Complete people profiles for Duomi Music
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Timeline of Duomi Music
3 dated milestones of Duomi Music across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Duomi Music is founded.
- Funding First funding round of $17.0M.
- Funding Latest funding round, Series B, of $40.0M.
Competitors of Duomi Music
Duomi Music has 3 listed competitors in our database, 2 of them funded. They include Netease Music, Joox Music and KuGou.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| music.163.com | 2013 | Guangzhou, China | $1.41B | Music is streamed and downloaded through an online platform. | ||
| joox.com | 2014 | Shenzhen, China | $5.3M | Online music streaming app is offered for Android users. | ||
| kugou.com | 2003 | Guangzhou, China | Music is streamed and downloaded by users via KuGou platform. |
Detailed competitors of Duomi Music
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- Full competitor set
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Web traffic of Duomi Music
The website of Duomi Music (duomi.com) receives about 680.7K visits a month.
- Monthly visits680.7K
▼ 6.7% vs previous month
Websites whose visitors overlap most with Duomi Music. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| falconebiz.com | 100% | 959.8K | #63,970 | View details | |
| tofler.in | 97% | 556K | #105,509 | View details | |
| zaubacorp.com | 96% | 4.9M | #12,689 | View details | |
| tracxn.com | 92% | 2.9M | #16,597 | View details | |
| indiafilings.com | 90% | 2.1M | #29,959 | View details | |
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| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Duomi Music
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Duomi Music
Complete news archive for Duomi Music
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Frequently Asked Questions about Duomi Music
Duomi Music was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Duomi Music is headquartered in Beijing, China.
Jimmy Shi is the CEO of Duomi Music, as recorded in our data. They have also founded this 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 2012.
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.
Duomi Music's top competitors include Netease Music, Joox Music and KuGou.
Duomi Music has 1 investor. Key investors include Hillhouse.
The website of Duomi Music receives about 681 thousand visits a month.