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
Locked
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Website
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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 |
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Global private equity investments are managed with long-term focus.
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Investor details for Duomi Music
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Investments & Acquisitions by Duomi Music
Investment portfolio details for Duomi Music
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Financial Statements - Duomi Music
Detailed financials for Duomi Music
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Duomi Music Comparisons
Peer comparison for Duomi Music
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Music is streamed and downloaded through an online platform.
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Online music streaming app is offered for Android users.
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| Locked | Locked | Locked |
Music is streamed and downloaded by users via KuGou platform.
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| Locked | Locked | Locked |
Online streaming of non-pop music genres is offered by Kuke.
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| Locked | Locked | Locked |
China-based music distribution platform
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Detailed competitors of Duomi Music
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Latest news on 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 current CEO of Duomi Music. They have also founded this company.
Duomi Music is a funded company, having raised a total of $97M across 3 funding rounds to date.
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, Kuke and Joox Music.
Duomi Music has 1 investor. Key investors include Hillhouse.