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TMETME(US:TME) 投资界·2025-12-01 11:26

Core Viewpoint - The article discusses the rapid rise of Soda Music, a new player in the mobile music app industry, which has quickly gained a significant user base despite lacking exclusive rights to popular artists and a distinct artistic style [3][4]. Group 1: Market Position and User Growth - Soda Music has reached 120 million monthly active users by September 2025, marking a 90.7% year-on-year growth, surpassing KuGou Music and approaching NetEase Cloud Music's 147 million users [4]. - The app has positioned itself as a top competitor in the market, ranking among the top four music apps in terms of monthly active users [3]. Group 2: Unique Features and User Engagement - Soda Music employs a "brushing music" interface, allowing users to switch songs easily, similar to the experience on Douyin (TikTok), which enhances user engagement [6]. - The app integrates Douyin's long video content, allowing users to access a variety of media, including talk shows and educational videos, directly within the music app [6][8]. - Users have reported that Soda Music's recommendations are highly accurate, often feeling that the app understands their preferences better than they do [8][9]. Group 3: Monetization Strategy - Unlike competitors, Soda Music offers a completely free listening experience by allowing users to watch ads for access to the full music library, appealing to price-sensitive consumers [11][13]. - The app's subscription prices are lower than those of QQ Music, KuGou Music, and NetEase Cloud Music, making it an attractive option for users [11]. Group 4: Copyright Challenges and Strategies - Soda Music faces challenges regarding music copyright, as it lacks the exclusive rights that competitors like Tencent Music have secured [14]. - The app has focused on expanding its mainstream music rights and leveraging Douyin's ecosystem to create its own content sources [15][17]. Group 5: User Demographics and Market Impact - Soda Music attracts a different user demographic compared to its competitors, with a significant portion of its users coming from lower-tier cities and a higher male-to-female ratio [18][19]. - The app's growth has had a notable impact on KuGou Music, which has seen a decline in active users, indicating Soda Music's disruptive presence in the market [22]. Group 6: Douyin's Strategic Intent - Douyin's motivation for developing Soda Music is to capture the value generated by popular songs that originate on its platform, ensuring that it benefits directly from the music consumption that follows [25][26]. - The establishment of a complete music ecosystem, from creation to distribution, is part of Douyin's strategy to enhance user engagement and retention [26][28].