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Cloud Music (HKSE:09899) Money Market Investments


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What is Cloud Music Money Market Investments?

Money Market Investments only applies to banks.


Cloud Music (HKSE:09899) Business Description

Traded in Other Exchanges
N/A
Address
No. 353 Benjing Avenue, Hangzhou International Expo Center, Room 1201, Block A, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
Cloud Music is the second largest online music service provider in China. It was founded in 2013 by NetEase, which currently holds around 58% of its equity stake and 90% of voting power. The business model of Cloud Music resembles that of its main competitor Tencent Music, as both provide music streaming services to their users with enhanced socializing features. In 2018, NetEase started to offer social entertainment services, including music live audio and video streaming, and online karaoke.