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Mcommerce
April 14 2006
Revenue from China's wireless music
market is expected to reach 13.5 billion yuan by 2008, according to
Analysys International.
The group added that wireless music
subscribers will reach 114 million by then, accounting for 20 pct of
Chinese mobile phone subscribers.
'We forecast the wireless music industry
in China will maintain stable growth in the following three years with
CAGR (compound annual growth rate) of 27%,' they said.
Analysys said China's wireless music
market, which includes ringtones and music downloads via WAP and MMS,
grew to 7.19 billion yuan in 2005 from 176 million yuan in 2003, with a
CAGR of 539%.
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