Bill Tai and Buddy Ling having fun at WangYou Media’s launch party of “Red Town” in Beijing. Buddy Ling is the co-founder and CEO WangYou Media, a Chinese media company focused on promoting user generated content. Bill sits on WangYou’s board for CRV as well as Maxthon.
Red Town is aimed to explore and promote super star amateur artists emerging out of its online platform. At the launch party, New Perfume band, consisting of four 21–year old-s that met 6 months ago through WangYou and was voted by the WangYou users for the bests act. The band apparently was offered a contract with one of the big US-based record labels, but turned it down and signed up with Red Town instead - since this is how music is best spread and promoted today.
This is a proof that the speaker from Sony at AlwaysOn in Stanford last week was wrong when he said that user generated music will never take off…Guess what, it is already happening in China…
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