NetEase CloudMusic, a music product developed by Netease, is the result of Netease Hangzhou Research Institute. Relying on professional musicians, DJs, friends' recommendation and social functions, online music services mainly focus on song list, social interaction, big-name recommendation and music fingerprinting, with song list, DJ program, social interaction and geographical location as the core elements, focusing on discovery and sharing.

Development:

2065438+On February 9, 2008, Netease Cloud Music and Tencent Music reached a copyright cooperation. On March 6th, Netease Cloud Music and Ali Music reached a copyright cooperation. On April 5, Tencent Music Entertainment Group issued a statement saying that it would suspend cooperation negotiations with Netease Cloud Music.

20 19 June 1 1, Netease Cloud Music was selected as "2019 Forbes China Most Innovative Enterprise List". On September 6th, Alibaba, as the lead investor, led Netease Cloud Music to raise $700 million.

In August 2020, Netease Cloud Music ranked 108 in the 2020 Hurun Global Unicorn List of Suzhou High-tech Zone, with a market value of 20 billion yuan.

In May of 20021,the listing application of Netease Cloud Music showed that the company's revenue increased rapidly to 4.9 billion yuan in 2020. The net loss will increase to 3 billion yuan in 2020. In 2020, the number of monthly active users of online music service will increase to 654.38+80.5 million. In 2020, the number of monthly paying users of online music service will increase to16 million.