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Heavyweight copyright return! Domestic music platform giant restarts IPO

via:快科技     time:2021/11/16 22:03:38     readed:131

November 16 news, according to domestic media reports, the official website of the Hong Kong Stock Exchange shows thatNetEase Cloud Music has uploaded a new post-hearing data set, with co-sponsors of the listing being BofA Securities, CICC and Credit Suisse.

According to the latest disclosure data, NetEase Cloud Music's total revenue in the first three quarters of 2021 was RMB5.1 billion, up 52% YoY; gross margin increased significantly to 0.4%; and monthly live users reached 184 million.The number of online music paying subscribers was 27.52 million, up more than 93% year-on-year, and the online music payment rate was 14.9%.

According to reports, in August this year, NetEase Cloud Music has passed the Hong Kong Stock Exchange hearing, but soon after, NetEase Cloud Music announced the suspension of its IPO plans, said that based on the current market environment and other comprehensive factors, the follow-up will choose a better time to promote IPO-related matters as soon as possible.


It is worth mentioning that not long ago, NetEase Cloud Music announced thatThe royal entertainment copyright officially returned, the imperial entertainment of many artists songs back on the shelves.

As we all know Xie Weifeng, Rong Zuer, Gu Juji, Chen Weiwei, Li Keqin, Twins, Xu Jingyun and many other well-known artists have been re-heard in NetEase Cloud Music.

Today, according to NetEase's third-quarter 2021 financial results, NetEase Cloud Music's content ecosystem and product innovation continue to deepen user engagement in the music community, with strong financial data.


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