NetEase Cloud Music (HKEX: 9899) is China's second-largest music streaming platform with 800+ million registered users and 200 million monthly active users. The platform combines music streaming, social features, live streaming, karaoke, audiobooks, and podcasts in a unified app. Founded in 2013 by NetEase Inc., it went public on HKEX in December 2021.
NetEase Cloud Music is publicly traded
IPO'd on December 2, 2021
This company is no longer available on our private secondary market. Shares can be traded publicly under 9899.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2013
Employees
3,000–5,000
Total Funding
$1.41B
3 rounds
Last Private Valuation
$7B
September 2019
Total raised $1.41B across 3 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series B-II
Date
September 2019
Amount
$700M
Valuation
$7B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| September 2019 | Series B-II | $700M | $7B | Alibaba |
| November 2018 | Series B | $600M | $3.5B | Baidu |
| 2017 | Series A | $108M | — | Not disclosed |
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Series B
$3.5B
Nov 2018
NetEase Cloud Music today
$7B
Sep 2019 · latest mark
NetEase Cloud Music multiple
2.0x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
William Ding
Founder & Chairman
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Tencent Music Entertainment (KuGou Music, QQ Music, Kuwo Music)
China's dominant music streaming platform with 600M+ MAU across KuGou and 337M MAU on QQ Music; controls majority of China's music streaming market with 119M paying subscribers as of Q3 2024
Spotify
Global music streaming leader with 600M+ users; limited presence in mainland China due to regulatory restrictions
Apple Music
Apple's music streaming service integrated with iOS ecosystem; significant presence in premium market segments
Amazon Music
Amazon's music streaming service bundled with Prime membership; growing international presence
Yes, NetEase Cloud Music is publicly traded under the ticker symbol 9899 on the HKEX. The company went public in December 2, 2021.
NetEase Cloud Music trades under the ticker symbol 9899 on the HKEX. It began trading in December 2, 2021.
NetEase Cloud Music (9899 on the HKEX) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker 9899 to place an order.
NetEase Cloud Music went public in December 2, 2021 via ipo, with an offering valuation of approximately $7B. NetEase Cloud Music went public on the Hong Kong Stock Exchange (HKEX: 9899) on December 2, 2021, raising $422 million at an IPO valuation of $5.46 billion. NetEase Inc. retains approximately 59% equity ownership with 90% voting control.
NetEase Cloud Music raised $1.41B across 3 disclosed funding rounds prior to its public listing.
NetEase Cloud Music was founded by William Ding in 2013.
NetEase Cloud Music is headquartered in Hangzhou, China.
Access live market data
Sign UpData collected with AI, which can make mistakes. Please double-check this information.