NetEase Cloud Music Inc

09899: XHKG (HKG)
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Cloud Music Poised to Capitalize on China’s Growing Music Streaming Subscriber Base

Business Strategy and Outlook

Cloud Music is the second-largest music streaming platform in China, with an estimated 200 million monthly active users and 50 million subscribers. While the platform offers free streaming for some tracks, it places the most popular ones behind a paywall, requiring a subscription to access them.

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