# Hangzhou Netease Cloud Music Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hangzhou-netease-cloud-music-technology-co

- Industry: Internet
- Headquarters: Beijing, China
- Total disclosed funding: $1.4B
- Latest round: Series B (Sep 6, 2019)
- Investors on record: 8

## About

Based in Beijing, China, and established in 2013, Hangzhou Netease Cloud Music Technology Co., Ltd. is an online music platforms, providing music lovers with interactive content community. The platform has more than 60 million musics, 185 million online music service monthly active users, of which 26 million are online music service monthly paying users, and users listening time are 76.9 seconds every day in 2021.

The company provides online music services and social entertainment services. 

The company's source income includes online music membership services, advertising services, sales of digital albums and singles, sublicensing, social entertainment services and other live streaming services.

The company's source income includes online music membership services, advertising services, sales of digital albums and singles, sublicensing, social entertainment services and other live streaming services.

## Funding rounds

- Series B, Sep 6, 2019, $700M — YF Capital, Alibaba Group
- Series B, Nov 12, 2018, $600M — General Atlantic, Boyu Capital, Baidu
- Series A, Apr 11, 2017, $109M — China International Capital Corporation, Shanghai Media Group, Mango TV

## Investors

- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series A
- Shanghai Media Group — Series A
- Mango TV — Series A
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series B
- Boyu Capital (https://capitalatlas.ai/funds/boyu-capital) — Series B
- Baidu — Series B
- YF Capital (https://capitalatlas.ai/funds/yf-capital) — Series B
- Alibaba Group — Series B