A8 Music Wins 'Red Herring 100 Asia' 2007 Award

A8 Music Wins 'Red Herring 100 Asia' 2007 Award

August 30, 2007

    BEIJING, Aug. 29 /Xinhua-PRNewswire/ -- A8 Music Group,
China's largest original music platform, announced today
that it was awarded as one of The Top 100 winners at the
"Red Herring 100 Asia 2007."  Mr. Liu Xiaosong,
Chairman & CEO of A8 Music Group, attended the Awards
Ceremony on 29 August 2007 in Hong Kong, China.

    Red Herring 100 Asia is an exclusive event honoring 100
cutting-edge private technology companies from across the
Asia-Pacific region.  The event brings together an elite
roster of entrepreneurial and global venture investment
firms to showcase excellence in innovation.  

    A total of 200 enterprises from 16 Asian countries and
regions were qualified for the award.  Ten Internet-based
enterprises from China ranked in the Top 100 finalist.  A8
Music Group is proud to be the only digital music company. 

    "Red Herring 100 Asia" is an annual event and
the awards are given to private cutting edge technology
companies.  The aim of the awards is to discover and
highlight promising startups that will lead the next wave
of cutting-edge innovation in Asia. Red Herring's selection
committee's qualifying criteria includes technological
creativity, management, market orientation, financing
history, and financial status.  The top 100 finalist are
from 16 Asian countries, including China, India, Japan,
Singapore, South Korea, Australia and Vietnam.  

    Mr. Liu Xiaosong, Chairman & CEO of A8 Music Group,
said, "This award demonstrates that global investors
yet again acknowledge the achievements of A8 Music Group
and the digital music industry in China.  A8 Music was
among the earliest companies to set foot in the digital
music field in China.  Since then, we have maintained our
momentum at the forefront of China's digital music industry
as a permanent advocate of authentic copyright and creative
music.  A8 Music has successfully created the industrial
chains, for the distribution of  Chinese original music. 
We have integrated the traditional music production
procedures like collection, selection and production with
new media promotion and distribution.  A8 Music also
further integrates the strengths of both traditional and
wireless music resources via diversified marketing
approaches to improve the music industry's supply chains,
to further enhance the booming Chinese digital music
market."

    A total of 10 Chinese companies in the digital music
field have obtained venture capital funds from 2001 to July
2007 amounted to US$112.6 million, among them; A8 Music
Group, which had attracted some world-famous VC investors. 
Based on its outstanding performance as a high-growth and
high-earnings, A8 Music was honored with the No. 16 ranking
in the final list of "2007 China's Top 50 Investment
Value Enterprises" in July of 2007, being the only
company from the digital music industry.  Adding to A8
Music's award list,  "Red Herring 100 Asia,"
marks another milestone for the company and acknowledges
its value, not only in China but in Asia as well. 

    About A8 Music Group 

    A8 Music Group is a leading new media and digital music
company and the largest original music platform in China. 
Established in 2000, A8 Music actively involved in Internet
and wireless value-added music services.  It has built up a
multi-faceted music resource system covering not only
traditional media, such as radio, TV, and print, but also
linking to new media such as the Internet and wireless
platforms.  

    A8 Music Group also pioneered original music platform
and community at www.a8.com .

    The company has been actively advocating and promoting
China's own original music.  In 2005, A8 Music Group was
honoured the No. 1 in the final list of  "2005-2006
China Internet Top 50 Brands" under the category of
comprehensive music for its professional music services and
high popularity.  With its leadership in the digital music
and exponential growth of 1032.47% in the past three years,
A8 Music was honoured No. 6 ranking in the final list of
"2005 China High-tech, High-growth Top 50
Enterprises" and the No. 1 ranking for an Internet
industry by the Deloitte International Accounting Company. 
A8 also awarded as No. 35 ranking in the final list of the
"2005 Asia-Pacific Region High-tech, High-growth Top
500 Enterprises," No. 22 ranking in the Deloitte
"2006 China High-tech, High-growth Top 50
Enterprises," and No. 16 in "China's most
investment-valuable Top 50 Enterprises of 2007."

    About Red Herring

    Red Herring is a global media company uniting the
world's best high technology innovators, venture investors
and business decision makers in a variety of forums: a
leading innovation magazine; an online daily technology
news service; technology research, and major events for
technology leaders around the globe. Red Herring provides
an insider's access to the global innovation economy,
featuring unparalleled insights on the emerging
technologies driving the economy. For more information,
visit www.redherring.com .


    For more information, please contact:

    A8 Music Group
     Aling Hu
     Marketing Department
     Tel:   [phone] 
     Email: [e-mail]