TacticScaleWhat NetEase Cloud Music Does & How It Makes Money (9899.HK)
Updated October 2026 · reflects NetEase Cloud Music's latest reported financials
Chinese online music streaming platform with social entertainment services. It earns revenue from music membership subscriptions, digital album and song sales, content royalty sublicensing and online advertising.
How NetEase Cloud Music makes money
It earns revenue from music membership subscriptions, digital album and song sales, content royalty sublicensing and online advertising. It also sells virtual items on its social entertainment and live-streaming platforms.
What NetEase Cloud Music does
NetEase Cloud Music Inc. operates online music and social entertainment platforms in China. Its main product is the NetEase Cloud Music app, which offers music streaming, digital album and song sales, and paid memberships. Alongside it, the company runs social entertainment products including LOOK Live Streaming, Sheng Bo and Yin Jie, which make money by selling virtual items. The company also earns revenue from sublicensing content royalties and from online advertising on its platforms. It was founded in 1999, is headquartered in Hangzhou, and is a subsidiary of NetEase, Inc. It was formerly called Cloud Music Inc. and adopted its current name in November 2024.
Products & services
- NetEase Cloud Music
- LOOK Live Streaming
- Sheng Bo
- Yin Jie
- Music membership subscriptions
- Digital albums and songs
What is NetEase Cloud Music worth?
A reliable owner-earnings fair value isn't available for this company yet — we'd rather say so than print a number we don't trust.
We show a fair value only when the method is trustworthy. See NetEase Cloud Music on TacticScale →