NetEase Cloud Music Inc

09899: XHKG (HKG)

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Cloud Music: Monthly Active User Headlines Mask Subscriber Strength; Shares Deeply Undervalued

Ivan Su

Jun 12, 2026

A QuestMobile report shows ByteDance’s Soda Music reaching 156 million monthly active users, surpassing NetEase Cloud Music for the first time to become China’s third-largest music app. Cloud Music's share price has roughly halved over the past year as investors price in lasting market share losses.

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NetEase Cloud Music Inc

Cloud Music: Monthly Active User Headlines Mask Subscriber Strength; Shares Deeply Undervalued

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