BEIJING, China (Top40 Charts/ A8
Music Group) - 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.
