Kuke Music
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Kuke Music to Expand its Footprint in the Web3.0 Space with the Acquisition of KOLO.Market
According to official news, Kuke Music Holding Co., Ltd. (hereinafter referred to as “Kuke” and “Kuke Music”) (New York Stock Exchange: KUKE), a Chinese classical music service platform with about 3 million audio and video music tracks, announced that it would acquire 49% of the equity of KOLO.Market, a Singapore-based Web3.0 company. Web3.0 classical music platform KOLO.Market completed the first round of equity financing Analysis based on this information:Kuke Music Holding Co., Ltd., a New York Stock Exchange-listed Chinese classical music service platform, has announced its plan to acquire 49% of the equity of KOLO.Market, a Singapore-based Web3.0 company. The acquisition is a strategic move by Kuke Music to expand its footprint in the emerging Web3.0 space and diversify its portfolio of services. KOLO.Market is a decentralized platform that leverages blockchain technology to create a new kind of digital marketplace. It is designed to enable secure and transparent trading of digital assets, such as non-fungible tokens (NFTs), digital art, and…
