Allsaints Music Group Raises $60M in Series B1 Funding

Allsaints Music Group, a Hong Kong, China-based music platform, raised $60M in Series B1 funding.

The round was led by CMBI and OPPO with participation from Xiaomi and Hui Capital.

The company intends to use the funds to accelerate growth and expand operations.

Led by Yingbo Zhu, CEO, Allsaints Music Group provides a global music artist platform allowing music artists to reach billions of mobile phone users worldwide by integrating hardware, software, music content, mobile internet and blockchain technology. The company has reached global strategic agreements with OPPO, vivo, and Xiaomi on streaming music services. Working with music industry partners, Allsaints Music Group can

Founder and CEO Yingbo Zhu was the founding CEO of China Telecom iMusic and also a founding member of ASPire Holdings; Co-Founder and Chief Content Officer, Gary Chen was the Founder/CEO of China first legal music platform and Google Music China; and he once served as a partner and Chief Content Officer of ChangBa Music Group.