Welcome to our dedicated page for Kuke Music Hldg news (Ticker: KUKE), a resource for investors and traders seeking the latest updates and insights on Kuke Music Hldg stock.
Kuke Music Holding Ltd (KUKE) maintains this dedicated news hub for investors and industry professionals tracking developments in classical music technology and digital services. Access verified press releases, financial disclosures, and strategic updates from China's leading classical music platform.
This resource centralizes KUKE's official announcements including quarterly earnings, licensing partnerships with global distributors, and innovations in AI-driven music applications. Users will find updates on educational platform expansions, smart hardware integrations, and R&D initiatives from the Guangzhou technology center.
Key content categories include financial performance reports, executive leadership updates, content library acquisitions, and technological advancements in music education solutions. The collection serves analysts monitoring KUKE's market position in digital classical music services and subscription growth.
Bookmark this page for direct access to KUKE's corporate communications. Return regularly to stay informed about operational milestones and strategic developments shaping the intersection of classical music heritage with modern technology.
KUKE Music (NYSE:KUKE), a leading classical music platform with ~3 million audio and video tracks, announced a strategic partnership with China Media Group IoV Digital Media on March 18, 2025. The collaboration aims to enhance in-vehicle audio experiences by integrating KUKE's classical music library with CMG IoV's extensive automotive reach.
CMG IoV Digital Media, operational since March 2020, has achieved significant market penetration with over 100 million users and partnerships with 90% of China's leading automotive manufacturers. Their platform features 1,300 live audio streams and 5+ million hours of content.
The partnership will develop specialized products including 'Master Symphony Theater', 'Music General Education Enlightenment Course', and 'Classical Music Radio'. These offerings will be customized for smart cockpits, providing context-aware content delivery such as jazz for long drives and educational content during school runs.
Kuke Music Holding (NYSE: KUKE) has announced plans to modify its American Depositary Shares (ADS) ratio from 1:1 to 1:10, effectively implementing a one-for-ten reverse ADS split. The change is scheduled to take effect around March 13, 2025.
Under this new arrangement, shareholders will need to exchange every ten existing ADSs for one new ADS. Deutsche Bank Trust Company Americas, the depositary bank, will manage the exchange process. Any fractional ADSs will be sold, with net proceeds distributed to affected shareholders.
The ratio change will not impact the company's underlying Class A ordinary shares, and KUKE will continue trading on the NYSE under the same symbol. While the ADS trading price is expected to increase proportionately, the company cannot guarantee the new price will equal or exceed ten times the pre-split trading price.
Kuke Music Holding (NYSE: KUKE), a leading classical music service platform in China, announced the resignation of Ms. Li Sun from her position as President, effective July 23, 2024. The company clarified that her departure was not due to any disagreements regarding operations, accounting policies, or practices. Following Ms. Sun's resignation, Mr. He Yu, the company's CEO and Chairman of the board of directors, will continue to lead the organization.
Kuke Music Holding has received two non-compliance notices from the NYSE. The first notice, received on September 24, 2024, indicates the company's market capitalization ($47 million) and shareholders' equity ($3.3 million) are below the required $50 million threshold. The second notice, received on October 8, 2024, concerns non-compliance with the $1.00 minimum average closing price requirement, with the company's ADSs trading at approximately $0.98.
Kuke must submit a business plan within 45 days to address the market capitalization and equity issues, with a 9-month period to achieve compliance. The company has 6 months to resolve the share price issue. While the notices don't immediately affect listing status or operations, failure to meet these requirements could result in delisting.
Kuke Music Holding (NYSE: KUKE), a leading classical music service platform in China, has regained compliance with the New York Stock Exchange's (NYSE) quantitative continued listing standards. The NYSE confirmed on September 10, 2024, that Kuke has met the minimum market capitalization and shareholders' equity requirement over the past two quarters.
This development follows a notification on June 29, 2023, when Kuke fell below compliance standards due to its average global market capitalization dropping below $50 million over a consecutive 30 trading-day period and shareholders' equity being less than $50 million. As of September 11, 2024, the below compliance indicator will be removed from Kuke's American depositary shares, and the company will no longer be listed as below continued listing standards on the NYSE website.
Kuke will now enter a 12-month monitoring period to ensure ongoing compliance with NYSE's continued listing standards.
KUKE Music Holding (NYSE:KUKE), a leading classical music platform in China, has announced the development of 'KUKE Music for Cars', an innovative in-car music application. The app, currently in its final testing phase, is expected to be completed by the end of September. It offers intelligent playlist recommendations, a user-friendly payment system, and music services tailored to various driving scenarios.
The app integrates KUKE's AI composition technology, which will soon be able to create custom music tracks on demand for specific real-time driving scenarios. This advancement aims to provide a truly personalized 'music on demand' experience. KUKE Music sees this app as a potential key component of future intelligent cabin systems, as AI technology evolves and user needs diversify.
Kuke Music Holding (NYSE: KUKE), a leading classical music service platform in China, has announced it will hold its Annual General Meeting (AGM) on September 20, 2024, at 10:30 a.m. Beijing time. The meeting will take place at Room 303, Beijing Broadcasting Tower, Chaoyang District, Beijing. Additionally, a Class B Meeting for holders of Class B ordinary shares will be held at the same venue at 10:00 a.m.
Shareholders of record as of August 26, 2024 (Eastern Time) are eligible to attend and vote at both meetings. ADS holders must provide voting instructions to Deutsche Bank Trust Company Americas. The company has made available the AGM Notice, proxy forms, and its annual report on Form 20-F for the fiscal year ended December 31, 2023, on its website and the SEC's website.
Kuke Music Holding (NYSE: KUKE), a prominent classical music service platform in China, announced its venture into the AI music sector and its integration into automotive applications.
On June 14, 2024, Kuke signed an 'Application Market Cooperation Agreement' with Shanghai Jidou Science and Technology Co. The partnership aims to launch Kuke's AI music application in Jidou's car application store.
Jidou is a leading provider of digital automotive software services for brands like Audi, BMW, Porsche, and others. Senior management from both companies expect this collaboration to enhance the user experience and ecosystem of automotive cockpit software by incorporating AI music technology.
Kuke plans to continue investing in AI music technology, aiming to provide innovative products and services that offer personalized music experiences for users.
Kuke Music Holding (NYSE: KUKE), a prominent classical music service platform in China, announced the establishment of a professional AI team dedicated to development, operations, and marketing in the AI music field. This initiative aims to enhance their music app and automotive in-car networking platforms with AI-driven music recommendations, automated content generation, and personalized services.
The AI team is composed of industry experts with significant experience in AI algorithms and music generation. Kuke anticipates that AI technology will open new opportunities within the music industry and is committed to continuous investment in AI music R&D to launch innovative products and improve user experiences.
Kuke Music Holdings (KUKE) announced the signing of a non-binding term sheet with Naxos One Holding on May 24, 2024. This agreement proposes that Kuke will acquire a majority stake in Angelina Assets and HNH International , subsidiaries of Naxos One. The acquisition, which involves Naxos Music Group, a major distributor of independent classical record labels, is subject to several conditions such as due diligence and the finalization of definitive agreements. A director of Kuke is the controlling shareholder of Naxos One. The closure of this acquisition is not guaranteed.
