Precio NetEase Cloud Music Inc. (09899.HK)

NetEase Cloud Music, Inc. is an investment holding company, which engages in the operation of online platforms to provide music services and social entertainment services. The company is headquartered in Hangzhou, Zhejiang and currently employs 1,265 full-time employees. The company went IPO on 2021-12-02. The firm is primarily engaged in the operation of online platforms to provide music services and social entertainment services. The online music services business is engaged in the provision of membership subscriptions, the sales of digital music album and songs, contents sublicensing, as well as the provision of online advertising services on the online platforms. The social entertainment services and others business is engaged in the operation of live streaming platforms and social networking platforms, as well as the sale of virtual items. The firm primarily conducts its businesses in the domestic market.