KTVme

About KTVme

KTVme, officially operating as Fujian KTVME Network Technologies Co., Ltd., is a China-based entity that has developed a multifaceted platform for the karaoke (KTV) industry. The company was founded in 2015, originating from the A-share listed group StarNet RuiJie. While some sources indicate a founding year of 2011, the official company website points to a 2015 establishment. The firm is headquartered in Fuzhou, China.

The core of KTVme's business is to address operational inefficiencies within the traditional KTV market. It provides KTV establishments with a suite of solutions including a management SaaS system, AI-powered membership marketing, mobile payment integration, and supply chain services. This B2B model aims to help KTV operators reduce costs, enhance management efficiency, and introduce new entertainment features. For consumers, KTVme offers a mobile application that digitizes and enhances the karaoke experience. The app functions as a remote control for KTV set-top boxes, allowing users to select songs, control the system, and interact socially. Key features include the ability to record and download personal song performances, participate in singing contests, and share experiences with friends.

The company's platform also facilitates social interaction among users, creating a community around the KTV experience. Furthermore, KTVme's service extends to online booking of KTV rooms and purchasing food and beverages from the venue's menu through the app. This integrated approach serves both the KTV venues and their patrons, aiming to streamline operations for the former and enrich the entertainment experience for the latter. The company secured a significant Series B funding round on March 30, 2018, raising $19 million, with notable investors including Tencent and Meituan. Despite this financial backing, some data sources have classified the company as deadpooled.