NetEase Musicplans to raise $1 billion via a Hong Kong listing
NetEase Music has submitted its listing application to the Hong Kong Stock Exchange. The number of monthly active users of our online music service significantly increased from 147.2 million in 2019 and further increased to 180.5 million in 2020. The proportion of monthly paying users of NetEase Music was 16 million in 2020. Netease Cloud Music is a freemium music streaming service developed and owned by NetEase, Inc. The streaming service was launched to the public in 2013.
This briefing is contributed by and first appeared on CIMK.
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