NetEase Cloud Music Inc

09899: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cloud Music Poised to Capitalize on China’s Growing Music Streaming Subscriber Base

Ivan Su

Mar 7, 2025

Business Strategy and Outlook

Cloud Music is the second-largest music streaming platform in China, with an estimated 200 million monthly active users and 50 million subscribers. While the platform offers free streaming for some tracks, it places the most popular ones behind a paywall, requiring a subscription to access them.

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NetEase Cloud Music Inc

Cloud Music Poised to Capitalize on China’s Growing Music Streaming Subscriber Base

Business Strategy and Outlook

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