Cloud Music (09899) rose more than 4% in the afternoon. As of press release, it had risen 4.09% to HK$91.6, with a turnover of HK$6.243,200.
The Zhitong Finance App learned that Cloud Music (09899) rose more than 4% in the afternoon. As of press release, it had risen 4.09% to HK$91.6, with a turnover of HK$6.243,200.
According to the news, recently, artificial intelligence startup Suno released the V3 version of the Suno model. Users can enter the music genre style and content theme in the custom mode, and can generate 2 minutes of music in just a few seconds. Guojin Securities said that Wensheng Audio may potentially replace some music creations for commercials, television, film and television, and values investment opportunities for Wensheng Audio. Open Source Securities points out that AI music generation models train or drive demand for music copyright and audio corpus data.
Shen Wan Hongyuan previously released a research report saying that Cloud Music's 2023 profit improvement exceeded expectations. The bank pointed out that online music revenue is accelerating, and the number of paying users is still growing rapidly, returning to the essence of music content in 24; the social entertainment strategy has focused on adjustments; gross margin has increased dramatically, and profitability has improved significantly.