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NetEase Cloud Music hears through the Hong Kong Stock Exchange, Tencent Music’s competitor goes live_listing hearing

August 2, 2021
Source: breakinglatest.news breakinglatest.news
News Snapshot:
Every reporter: Wen Menghua Every editor: Dong Xingsheng On August 1, the official website of the Hong Kong Stock Exchange revealed that NetEase Cloud Music has passed the listing hearing and uploaded the post-hearing data set. The listing co-sponsors are Merrill Lynch, CICC and Credit Suisse. The latest data disclosed in the data collection shows that NetEase Cloud Music’s total revenue for Q1 in 2021 is 1.5 billion yuan, a year-on-year increase of 74.6%; Q1 adjusted net loss narrowed from 500 million yuan in the same period last year to 300 million yuan; gross loss rate from the same period...
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