Qingting FM receives strategic investment from Xiaomi

Qingting FM has received a strategic investment from Xiaomi. Founder, chairman, and CEO of the company Zhang Qiang said in an internal letter today. He added that the two sides will establish a closer strategic synergy relationship and jointly explore to create a smart audio ecosystem in the AIoT era.

Qingting FM has received a strategic investment from Xiaomi. Founder, chairman, and CEO of the company Zhang Qiang said in an internal letter today. He added that the two sides will establish a closer strategic synergy relationship and jointly explore to create a smart audio ecosystem in the AIoT era.

Zhang Qiang said Qingting FM released a transcript of the full-scenario audio ecosystem, with an MAU of 130 million and a daily listening time of 25 million hours. Currently, investors in Qingting FM include Xiaomi, Baidu, and Alibaba, all of which will be important partners in the in-depth construction of a full-scene audio ecosystem.

In November 2019, Qingting FM announced its ecological development data for the first time. The monthly active users of the company’s full-scene audio ecosystem reached 130 million, an increase of nearly 30%, with a daily listening time of 25 million hours on 90 million smart devices.

Qingting FM now has 600 partners. The performance on each platform is dazzling, with the three primary data of content listening rate, playback volume, and playback time ranking first in the industry.

Besides, Qingting FM has cooperated with various car manufacturers and TSP manufacturers, including Ford, Volvo, BMW, Audi, and other brands. Eight million cars are supporting Qingting FM audio content listening.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/qingting-fm-receives-strategic-investment-from-xiaomi/.

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