KKBOX and Chung-Hwa Telecom JV to Cultivate Digital Music (Oct. 24, 2007)

Taiwan Telecom Giant Moves to Promote Online Music Aggressively.TAIPEI, Taiwan, Oct. 24 /Xinhua-PRNewswire/ -- KKBOX -- a digital music subsidiary of Skysoft Inc. -- announced today the reaching of a strategic investment deal with Taiwan’s telecom giant Chung-Hwa Telecom (NYSE: CHT), during which CHT will make an undisclosed amount of cash investment to assume its 30% stake. This Joint-Venture marks a new market paradigm for the digital music industry in Taiwan.

Skysoft Closes B-Round Financing with $14M (Jan. 15, 2007)

Skysoft Inc., a company which focuses on developing digital music applications for the Chinese-speaking markets, announced that it has closed its Series-B round of financing with $14M from investors include Adobe Systems, China Development Industrial Bank, Dwango, Orix Capital, and Transcosmos. The funding comes as investors bet on the future growth of the digital music market in the greater China region.