100AUDIO

Over USD 1.5 Million Investment to 100Audio!

On 25th April, we’re excited today to announce that the first round Forebright Capital’s financing is completed with over CNY 10 million(USD 1.5 million) as the investment fund. As the investor, Forebright Capital has focused on high-end and smart manufacturing, financial and IT services as well as healthy living for the long term. It is believed that the first round investment can insert new energy into the development of 100Audio.

100Audio (Shanghai Spark Network Technology Co., Ltd. ) is a company dedicated to the creation of audio works and also keen to help creators from all over the world to spread their inspiration. As the earliest online music marketplace in China, in the past 5 years, 100Audio has studied the needs of users and created a unique patent free full music search system, visual waveform audition, and digital watermark tracking system, etc. Besides, 100Audio has also combined state-of-the-art algorithms with digital music, providing a convenient, viable and regulated market for the use of digital music. Our philosophy is to optimize the living environment of audio producers through mutual help and to facilitate people who want to buy copyrighted audio.

After the completion of this round of financing, 100Audio will deploy the commercial copyright market, increase exclusive content cooperation, accelerate the integration of commercial music circulation, and strengthen market share. At the same time, 100Audio will cooperate with major copyright users and outstanding producers to promote the development of copyright music.

Forebright Capital is a differentiated, well resourced, institutional-quality fund manager in China. Before its spin-off in May 2014, the Forebright Team had operated for more than 10 years under China Everbright Limited, a state-owned enterprise listed on the Hong Kong Stock Exchange.  As one of the earliest teams investing in China, Forebright sails through various economic cycles and delivered steady and long term return for its global investors including sovereign wealth funds, insurances, pension funds, university, and corporate endowments and fund of funds.  Forebright is committed to partnering with business leaders, providing value-added services, and driving long term growth hence returns for investors through discipline and rigorous process.

100Audio:https://100audio.com/en

Foregright: http://www.forebrightcapital.com

 

 

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