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Cloud Music (HKSE:09899) PensionAndRetirementBenefit : HK$0 Mil (As of Dec. 2023)


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What is Cloud Music PensionAndRetirementBenefit?

Cloud Music's PensionAndRetirementBenefit for the quarter that ended in Dec. 2023 was HK$0 Mil.


Cloud Music PensionAndRetirementBenefit Historical Data

The historical data trend for Cloud Music's PensionAndRetirementBenefit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cloud Music PensionAndRetirementBenefit Chart

Cloud Music Annual Data
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Cloud Music Semi-Annual Data
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Cloud Music PensionAndRetirementBenefit Calculation

PensionAndRetirementBenefit is the carrying amount as of the balance sheet date of the portion of the obligations recognized for the various benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement.


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.

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