Music Stops for Alibaba’s Xiami Streaming Service

Alibaba Group Holding Ltd. will shut down its 12-year-old music streaming service next month as Xiami Music had trouble securing the copyrights to keep users interested.

Xiami Music will stop all streaming and other services on Feb. 5 and shut down its servers a month later, it announced (link in Chinese) Tuesday on social media. The reason it gave for the shutdown was “adjustments of business development.”