KKBOX, a digital music subsidiary of Skysoft, has announced a strategic investment deal with Taiwan's telecom giant Chunghwa Telecom (CHT), for Chunghwa to make an undisclosed amount of cash investment to assume its 30% stake.
Launched in January 2005, KKBOX says it differentiates itself from other music download service providers by offering an array of services for millions of users to legitimately listen to music, including unlimited music streaming, creating their own music blogs, sharing their playlists and making new friends based on their interests. Being one of the world's largest collection of Chinese songs, its database offers content from over 140 music labels with 1.5 million songs. KKBOX also says ut has become Taiwan's top music download services provider with close to 300,000 paying subscribers and over 3.5 million registered users as of July 2007.
CHT currently dominates over 85% of Taiwan's consumer broadband Internet access market, and is a leader in the nation's mobile 2.5G and 3G phone service subscribers.