NetEase Cloud Music (09899) rose nearly 6% in early trading. As of this report, it has increased by 4.52%, priced at 122.5 Hong Kong dollars, with a transaction volume of 14.3218 million Hong Kong dollars.
According to Zhitong Finance APP, NetEase Cloud Music (09899) rose nearly 6% in early trading. As of this report, it has increased by 4.52%, priced at 122.5 Hong Kong dollars, with a transaction volume of 14.3218 million Hong Kong dollars.
In terms of news, NetEase Cloud Music recently stated that it is intensifying efforts to continuously expand its copyright library and has recently taken down a large number of advertising slots. Besides the startup position, NetEase Cloud Music VIP users enjoy an ad-free experience, which will continue to be optimized. The company also revealed that it will launch a more streamlined new version in the near future.
PuYin International pointed out that NetEase Cloud Music is the second largest online music platform in China. The company strategically focuses on covering young users and has a high penetration rate among the younger generation. The company is committed to supporting emerging musicians and strengthening the platform's original music ecology. The active community atmosphere helps increase user stickiness and achieve better user retention. At this stage, the company emphasizes the growth of user scale, and we expect significant potential for revenue and profit growth as the company matures in its commercialization phase in the future.