Online music sales in China up by 14 percent
Despite China’s online music market beingplaguedby piracy, the country’s online music industry saw a 14 percent increase in profits in 2010 over the previous year, 90 percent of which came from mobile downloads. According to a report released byChina’s Ministry of Culture, online music content and service providers earned around 2.3 billion yuan ($349.8 million) last year, a 14.4 percent jump from 2009. 2.02 billion yuan, or a huge 90 percent of the total revenue, came from wireless music services via mobile phones, including ringtone and music downloads — a year-on-year rise of 9....