In 2020, the market size of social and entertainment services with a focus on online music amounted to around 28.5 billion yuan in China, growing at a CAGR of more than 60 percent between 2016 and 2020. Online karaoke and audio livestreaming have been gaining traction while virtual commodity was the major market revenue driver.
Size of online music social and entertainment service market in China from 2016 to 2020, with forecasts until 2025
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Market size in billion yuan
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Eastmoney.com, & LeadLeo. (November 24, 2021). Size of online music social and entertainment service market in China from 2016 to 2020, with forecasts until 2025 (in billion yuan) [Graph]. In Statista. Retrieved July 28, 2024, from https://www.statista.com/statistics/1291057/china-market-size-of-online-music-social-and-entertainment/
Eastmoney.com, und LeadLeo. "Size of online music social and entertainment service market in China from 2016 to 2020, with forecasts until 2025 (in billion yuan)." Chart. November 24, 2021. Statista. Accessed July 28, 2024. https://www.statista.com/statistics/1291057/china-market-size-of-online-music-social-and-entertainment/
Eastmoney.com, LeadLeo. (2021). Size of online music social and entertainment service market in China from 2016 to 2020, with forecasts until 2025 (in billion yuan). Statista. Statista Inc.. Accessed: July 28, 2024. https://www.statista.com/statistics/1291057/china-market-size-of-online-music-social-and-entertainment/
Eastmoney.com, and LeadLeo. "Size of Online Music Social and Entertainment Service Market in China from 2016 to 2020, with Forecasts until 2025 (in Billion Yuan)." Statista, Statista Inc., 24 Nov 2021, https://www.statista.com/statistics/1291057/china-market-size-of-online-music-social-and-entertainment/
Eastmoney.com & LeadLeo, Size of online music social and entertainment service market in China from 2016 to 2020, with forecasts until 2025 (in billion yuan) Statista, https://www.statista.com/statistics/1291057/china-market-size-of-online-music-social-and-entertainment/ (last visited July 28, 2024)
Size of online music social and entertainment service market in China from 2016 to 2020, with forecasts until 2025 (in billion yuan) [Graph], Eastmoney.com, & LeadLeo, November 24, 2021. [Online]. Available: https://www.statista.com/statistics/1291057/china-market-size-of-online-music-social-and-entertainment/