…albeit from a low base.
CHINA DIGITAL MUSIC MARKET TO IMPROVE STEADILY: IRESEARCH
BEIJING – China’s digital music market is expected to continue the steady development in 2010 and realize a market revenue of 2.15 billion yuan (US$315 million) in 2011, according to iResearch, the market research company.
The industry’s revenue is estimated to hit 1.79 billion yuan in 2009, up 8.2 per cent year on year. The growth rate has dropped slightly from 8.8 per cent in 2008, probably due a slowdown in the wireless music business section, the revenue of which accounts for more than 90 per cent of the industry’s total.