About Netease Music
Netease Music is a publicly listed company based in Guangzhou (China) founded in 2013. Music is streamed and downloaded through an online platform. Netease Music has raised $1.41 billion across 3 funding rounds from investors including Baidu, Alibaba Group and CICC. The company has 152 employees. Its website music.163.com draws about 12.6 million monthly visits. Its focus areas include Consumer, Music Tech, Streaming and On Demand.
Company details
NetEase Cloud Music was established in 2013 in Guangzhou, China, within the digital music sector. Streaming and downloading of music are enabled for users, alongside features for discovering and sharing content aligned with individual preferences. Rankings are maintained for audiobooks, music tracks, and anchor shows. Revenue is generated via subscription plans and individual song purchases.
- Headquarters Guangzhou, China
- Employees 152
- Stage Public
- SectorsMedia & Entertainment
- Website category Arts and Entertainment · Music
- Website music.163.com
- Social LinkedIn
- Legal Name Netease Cloud Music Inc.
- Annual Revenue$1.08 B (USD)-2.37as on Dec 31, 2025
- Net Profit$382.83 M (USD)76.05as on Dec 31, 2025
- EBITDA$200.41 M (USD)27.86as on Dec 31, 2025
- Total Equity Funding$1.41B (USD)
in 3 rounds
- Latest Funding Round$700M (USD), Series B
Sep 2019
- InvestorsBaidu
& 12 more
- Employee Count152
Funding Insights of Netease Music
Netease Music has successfully raised a total of $1.41B across 3 strategic funding rounds. The most recent funding activity was a Series B round of $700 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.41B
- Total Rounds 3
- Last Round Series B — $700M
- First Round $108.54M
(Apr 2017)
- Investors Count 13
All 3 funding rounds of Netease Music with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $700M | Series B | – | Alibaba Group, Yunfeng Capital | – |
| Oct 2018 | $600M | Series B | – | Baidu | |
| Apr 2017 | $108.54M | Series A | – | Shanghai Media Group |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Netease Music
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13 investors in total: 13 institutional.
Investors in Netease Music
Netease Music has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Baidu, Alibaba Group and CICC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are managed by Yunfeng Capital in China. | yfc.cn | Shanghai, China | ||
Boyu Capital is recognized as a leading alternative asset management firm. | boyucapital.com | Hong Kong, China | ||
Private equity fund focused on global markets | 1980 | generalatlantic.com | New York, United States | |
Venture capital firm backed by Bertelsmann | baifund.com | Chaoyang, China | ||
Mid-market companies are targeted for investment by Loayal Valley Capital. | loyalvalleycapital.com | Shanghai, China | ||
| cmccap.com | ||||
BAI Capital is engaged in investment and financial services. | bai-cap.com | Beijing, China | ||
Conglomerate group operating a portfolio of businesses | 1999 | alibabagroup.com | Hangzhou, China | |
AI-enabled keyword-based search engine is operated for information retrieval. | 2000 | baidu.com | Beijing, China | |
Diversified asset management services are provided by the firm. | 1997 | everbright.com | Hong Kong, China |
Investor details for Netease Music
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IPO & Listings of Netease Music
Netease Music is a publicly listed company on the HKEX with ticker symbol 9899 in Hong Kong, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date02 Dec 2021
- Listed onHKG: 9899
- Listed entityNetEase Cloud Music Inc.
- Exchange sectorTechnology services
- ISINKYG2215N1097
- Share price84.00 HKD (-1.06% on the day) · 2026-10-14
- Market capitalisation17,252,018,169.00 HKD
- Price to earnings9.6
- EPS (diluted, trailing year)8.79 HKD
- Volume (last session)286,800
Financials of Netease Music
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 8.42B HKD | 2.98B HKD | 1.56B HKD |
| 2024 | 8.62B HKD | 1.69B HKD | 1.22B HKD |
| 2023 | 8.69B HKD | 811.3M HKD | 364.6M HKD |
| 2022 | 10.46B HKD | -257.6M HKD | -580.2M HKD |
| 2021 | 8.43B HKD | -2.48B HKD | -1.69B HKD |
Detailed financial statements for Netease Music
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Timeline of Netease Music
5 dated milestones of Netease Music across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Netease Music is founded.
- Funding First funding round of $108.5M.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series B, of $700.0M.
- IPO Lists on the stock exchange (IPO).
Web traffic of Netease Music
The website of Netease Music (music.163.com) receives about 12.6M visits a month and ranks #3,354 among all websites worldwide, #338 in Music.
- Monthly visits12.6M
▼ 21.5% vs previous month
- Unique visitors5.7M
per month
- Global rank#3,354
among all websites
- Category rank#338
Arts and Entertainment · Music
- Bounce rate35%
- Pages per visit3.6
- Average visit2 min 32 sec
- DevicesDesktop 42% · Mobile 58%
Websites whose visitors overlap most with Netease Music. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| kugou.com | 100% | 3.5M | #15,516 | View details | |
| kuwo.cn | 91% | 1.4M | #35,320 | View details | |
gequbao.com | gequbao.com | 88% | #22,257 | – | |
91flac.com | 91flac.com | 75% | #153,646 | – | |
9ku.com | 9ku.com | 70% | #207,009 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Netease Music
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Frequently Asked Questions about Netease Music
Netease Music was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Netease Music is headquartered in Guangzhou, China. It is registered at Guangzhou, Guangdong, China.
Netease Music is a funded company, having raised a total of $1.41B across 3 funding rounds to date. The company's 1st funding round was a Series A of $108.54M, raised on Apr 2017.
Netease Music has 152 employees.
Annual revenue of Netease Music is $1.08B as on Dec 31, 2025.
NetEase Cloud Music was established in 2013 in Guangzhou, China, within the digital music sector. Streaming and downloading of music are enabled for users, alongside features for discovering and sharing content aligned with individual preferences. Rankings are maintained for audiobooks, music tracks, and anchor shows. Revenue is generated via subscription plans and individual song purchases.
Yes, Netease Music is publicly traded on HKEX under the ticker symbol 9899.
Netease Music has 13 investors. Key investors include Baidu, Alibaba Group, CICC, General Atlantic, and Everbright.
The website of Netease Music receives about 12.6 million visits a month and ranks #3,354 among all websites worldwide.