BEIJING, Aug. 29 /Xinhua-PRNewswire/ -- A8 Music Group, China's largest original music platform, announced today that it was awarded as one of The Top 100 winners at the "Red Herring 100 Asia 2007." Mr. Liu Xiaosong, Chairman & CEO of A8 Music Group, attended the Awards Ceremony on 29 August 2007 in Hong Kong, China.
Red Herring 100 Asia is an exclusive event honoring 100 cutting-edge private technology companies from across the Asia-Pacific region. The event brings together an elite roster of entrepreneurial and global venture investment firms to showcase excellence in innovation.
A total of 200 enterprises from 16 Asian countries and regions were qualified for the award. Ten Internet-based enterprises from China ranked in the Top 100 finalist. A8 Music Group is proud to be the only digital music company.
"Red Herring 100 Asia" is an annual event and the awards are given to private cutting edge technology companies. The aim of the awards is to discover and highlight promising startups that will lead the next wave of cutting-edge innovation in Asia. Red Herring’s selection committee’s qualifying criteria includes technological creativity, management, market orientation, financing history, and financial status. The top 100 finalist are from 16 Asian countries, including China, India, Japan, Singapore, South Korea, Australia and Vietnam.
Mr. Liu Xiaosong, Chairman & CEO of A8 Music Group, said, "This award demonstrates that global investors yet again acknowledge the achievements of A8 Music Group and the digital music industry in China. A8 Music was among the earliest companies to set foot in the digital music field in China. Since then, we have maintained our momentum at the forefront of China's digital music industry as a permanent advocate of authentic copyright and creative music. A8 Music has successfully created the industrial chains, for the distribution of Chinese original music. We have integrated the traditional music production procedures like collection, selection and production with new media promotion and distribution. A8 Music also further integrates the strengths of both traditional and wireless music resources via diversified marketing approaches to improve the music industry’s supply chains, to further enhance the booming Chinese digital music market."
A total of 10 Chinese companies in the digital music field have obtained venture capital funds from 2001 to July 2007 amounted to US$112.6 million, among them; A8 Music Group, which had attracted some world-famous VC investors. Based on its outstanding performance as a high-growth and high-earnings, A8 Music was honored with the No. 16 ranking in the final list of "2007 China’s Top 50 Investment Value Enterprises" in July of 2007, being the only company from the digital music industry. Adding to A8 Music’s award list, "Red Herring 100 Asia," marks another milestone for the company and acknowledges its value, not only in China but in Asia as well.
About A8 Music Group
A8 Music Group is a leading new media and digital music company and the largest original music platform in China. Established in 2000, A8 Music actively involved in Internet and wireless value-added music services. It has built up a multi-faceted music resource system covering not only traditional media, such as radio, TV, and print, but also linking to new media such as the Internet and wireless platforms.
A8 Music Group also pioneered original music platform and community at www.a8.com .
The company has been actively advocating and promoting China's own original music. In 2005, A8 Music Group was honoured the No. 1 in the final list of "2005-2006 China Internet Top 50 Brands" under the category of comprehensive music for its professional music services and high popularity. With its leadership in the digital music and exponential growth of 1032.47% in the past three years, A8 Music was honoured No. 6 ranking in the final list of "2005 China High-tech, High-growth Top 50 Enterprises" and the No. 1 ranking for an Internet industry by the Deloitte International Accounting Company. A8 also awarded as No. 35 ranking in the final list of the "2005 Asia-Pacific Region High-tech, High-growth Top 500 Enterprises," No. 22 ranking in the Deloitte "2006 China High-tech, High-growth Top 50 Enterprises," and No. 16 in "China’s most investment-valuable Top 50 Enterprises of 2007."
About Red Herring
Red Herring is a global media company uniting the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology research, and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com .
