What the demise of music streaming platform Xiami says about China’s internet industry

• Once a leader, Xiami saw its monthly active users (MAUs) fall to 22.4 million by October 2020, a tiny fraction of the 450 million for Tencent’s three music apps
• Founder Wang Hao’s laid back style was reflected in Xiami’s philosophy of focusing on the music first but it may have also contributed to the decline