NetEase Cloud Music Overview

  • Founded
  • 2013
Founded
  • Status
  • Private
  • Employees
  • 1,148
Employees
  • Latest Deal Type
  • IPO
  • Latest Deal Amount
  • $350M
Latest Deal Amount
  • Investors
  • 3

NetEase Cloud Music General Information

Description

Developer of an online music platform offering free and paid online streaming and downloads. The company's platform has usage rights to over five million copyrighted songs, and more than 1,200 musicians have registered accounts enabling its users with access to their favorite songs. The company aims to promote Chinese original musicians and to provide world-class music services to the Chinese market.

Contact Information

Website
music.163.com
Ownership Status
Privately Held (backing)
Financing Status
Formerly VC-backed
Primary Industry
Entertainment Software
Primary Office
  • No. 399 Wangshang Road
  • Binjiang District
  • Hangzhou, Zhejiang 311215
  • China
+86 0571 0000 0000

NetEase Cloud Music Timeline

2019202020212022
Financing RoundFinancing RoundCaptured Employee CountEstimated Employee Growth
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NetEase Cloud Music Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. IPO 02-Dec-2021 $350M 00.000 Completed Generating Revenue/Not Profitable
5. Later Stage VC (Series B2) 06-Sep-2019 00000 00.000 Completed Generating Revenue/Not Profitable
4. Secondary Transaction - Private 01-May-2019 00000 Completed Generating Revenue/Not Profitable
3. Later Stage VC (Series B1) 08-Jan-2019 00000 00000 Completed Generating Revenue/Not Profitable
2. Later Stage VC (Series B) 18-Sep-2018 $150M $263M Completed Generating Revenue/Not Profitable
1. Early Stage VC (Series A) 11-Apr-2017 $113M $113M 00.000 Completed Generating Revenue/Not Profitable
To view NetEase Cloud Music’s complete valuation and funding history, request access »

NetEase Cloud Music Executive Team (1)

Name Title Board Seat Contact Info
Yiwen Zhu Chief Executive Officer
To view NetEase Cloud Music’s complete executive team members history, request access »

NetEase Cloud Music Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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NetEase Cloud Music Investors (3)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
NetEase Corporation Minority 000 0000 000000 0
Orbis Global Equity Fund Mutual Fund Minority 000 0000 000000 0
Sony Music Entertainment Corporation Minority 000 0000 000000 0
To view NetEase Cloud Music’s complete investors history, request access »

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