Xiami's closure does not mark the end to Alibaba's participation in the online streaming market. In September 2019, it invested $700 million in one of Xiami's competitors, NetEase Cloud Music.
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Alibaba to Shut Down Its Music Streaming Xiami Music App Next Month Due to 'Operational Adjustments'
Alibaba to Shut Down Its Music Streaming Xiami Music App Next Month Due to 'Operational Adjustments'
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