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NetEase Cloud Music (HKSE:09899) FFO


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What is NetEase Cloud Music FFO?

FFO (Funds from operations) only applies to REITs.


NetEase Cloud Music Business Description

Traded in Other Exchanges
N/A
Address
No. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
Cloud Music is the second-largest online music service provider in China, founded in 2013 by NetEase. NetEase currently holds approximately 58% of Cloud Music's equity stake and controls 90% of its voting power. The platform's business model is similar to its main competitor, Tencent Music, as both offer music streaming services along with social entertainment features like live streaming to engage users and drive additional revenue.
Executives
Ding William Lei
Netease, Inc.
Shining Globe Holding Limited
Tmf (cayman) Ltd.
Alibaba Group Holding Limited 2201 Interest of corporation controlled by you
Taobao China Holding Limited 2101 Beneficial owner
Taobao Holding Limited 2201 Interest of corporation controlled by you
Shining Globe International Limited 2201 Interest of corporation controlled by you
Gic Private Limited 2501 Other
Gic (ventures) Pte. Ltd. 2201 Interest of corporation controlled by you
Gic Special Investments Private Limited 2102 Investment manager