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GIC invests $130m in music streaming services provider KKBOX

krafty

krafty

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http://www.straitstimes.com/news/bu...0m-music-streaming-services-provider-20140828

i really amazed at the stupidity of GIC investments... streaming music, they are targetting the youths, and young pple nowadays are very savvy, they can download music on their mp3 players, why'd they pay for some useless streaming shit..!

another investment going to the drain...i am very sure about this. if they can make money out of this, i will drive my car over the moon.:rolleyes:
 
K

kaipoh

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diffusion?

krafty said:
http://www.straitstimes.com/news/bu...0m-music-streaming-services-provider-20140828

i really amazed at the stupidity of GIC investments... streaming music, they are targetting the youths, and young pple nowadays are very savvy, they can download music on their mp3 players, why'd they pay for some useless streaming shit..!

another investment going to the drain...i am very sure about this. if they can make money out of this, i will drive my car over the moon.:rolleyes:
Click to expand...
 
krafty

krafty

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besides, there are many illegal music streaming sites hosted in china, what makes the elites at GIC think that their kkbox will truimph over them? stupidity to the max for professionals coming from a GIC>*facepalm* :rolleyes:
 
sochi2014

sochi2014

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Why Pay when you can have it for free?

Where did they get the people to make such investment decisions?

Nepotism? How can they just anyhow throw away taxpayers monies like dat?

Think of the average poor peasant!
 
Last edited:
krafty

krafty

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even if they clamp down on illegal streaming sites, there are other so many media sharing sites, my conclusion is that the $130 million is confirmed down the drain.
 
laksaboy

laksaboy

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That's a cool 130mil dollars flushed down the toilet. :biggrin:

Music streaming is so last decade... good luck monetizing it. :wink:

Have a floundering business? Sell it to Auntie Ho, she'll make it her 'strategic investment', a vital part of her portfolio. :rolleyes:
 
krafty

krafty

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the sor hai probably heed the advice of her blue eye crony boys in GIC.:eek:

laksaboy said:
That's a cool 130mil dollars flushed down the toilet. :biggrin:

Music streaming is so last decade... good luck monetizing it. :wink:

Have a floundering business? Sell it to Auntie Ho, she'll make it her 'strategic investment', a vital part of her portfolio. :rolleyes:
Click to expand...
 
dr.wailing

dr.wailing

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laksaboy said:
Have a floundering business? Sell it to Auntie Ho, she'll make it her 'strategic investment', a vital part of her portfolio.
Click to expand...

As long as Auntie Ho's company makes investments with negative or positive returns, Auntie Ho will be remunerated handsomely. Her job is to ensure that funds are invested and not sitting idle somewhere in the bank's vaults.
 
Narong Wongwan

Narong Wongwan

Alfrescian (Inf)
Asset
laksaboy said:
That's a cool 130mil dollars flushed down the toilet. :biggrin:

Music streaming is so last decade... good luck monetizing it. :wink:

Have a floundering business? Sell it to Auntie Ho, she'll make it her 'strategic investment', a vital part of her portfolio. :rolleyes:
Click to expand...

If the money all in common $50 notes....
Also not easy to flush down toilet....kudos to Whore Jinx did it with only snap of fingers.
Wonder how many % kickback this deal....
 
F

frenchbriefs

Alfrescian (Inf)
Asset
no woh,i think music streaming is very important like grooveshark,it expose me to many artists in many genres in the world......disco,pop,reggae,jazz,blues,classic rock,bossa nova,classical,70s,80s,90s,television and video game music.......the only problem is its absolutely free so i dunno how they make money.....probably from selling songs and advertising.....
 
C

Cerebral

Alfrescian (InfP) [Comp]
Generous Asset
laksaboy said:
That's a cool 130mil dollars flushed down the toilet. :biggrin:

Music streaming is so last decade... good luck monetizing it. :wink:

Have a floundering business? Sell it to Auntie Ho, she'll make it her 'strategic investment', a vital part of her portfolio. :rolleyes:
Click to expand...

If technology is their path, just folloe behind Goggle. Whatever Goggle buy, just buy some too. Like that they can even save on all the "experts"
 
virus

virus

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0.jpg
ho-ching-1.jpg


another 1 more chance to burn more cash
 
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