On the evening of August 1, according to the official website of the Hong Kong stock exchange, Netease cloud music has passed the listing hearing and the IPO has entered the sprint stage.
Post hearing data set disclosure,Netease cloud music's total revenue in the first quarter was 1.5 billion yuan, a year-on-year increase of 74.6%. After adjustment, the net loss was 284 million yuan, compared with 540 million yuan in the same period last year.
In Q1, the number of monthly live users reached 183 million; The number of online music paying users was 24.29 million, a year-on-year increase of 91.5%; The online music payment rate was 13.3%.
From an annual perspective, the net loss of Netease cloud music also decreased year by year. From 2018 to 2020, the adjusted net loss was 1.8 billion yuan, 1.6 billion yuan and 1.6 billion yuan respectively.
After the hearing, the data set announced the purpose of Netease cloud music fund-raising. The fund-raising is mainly used to continue to cultivate the music community, enrich diversified music content, continue to innovate and improve technical ability; And for selection, merger, acquisition and strategic investment, operation and general corporate purposes.
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