Netease Cloud Musicpublic
NetEase Cloud Music runs a music streaming app known for user playlists and track comments. It also offers live streaming and social audio products. Revenue comes mainly from membership subscriptions, plus social entertainment (virtual items and live streaming), advertising and content sublicensing. In H1 2026 it reported revenue of RMB3.96 billion (+3.4% YoY), with RMB2.6 billion from memberships, operating profit of RMB746 million and net profit of RMB809 million. It launched in 2013 as a NetEase project and listed in Hong Kong in December 2021 (HKEX: 9899). NetEase holds about 58% of equity and 90% of voting power.
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