NetEase Cloud Music, Inc.
Industry Group: Software & Services
Country/Region: China
Identifier: HKG:9899
Cloud Music is the second-largest online music service provider in China, founded in 2013 by NetEase. NetEase currently holds approximately 58% of Cloud Music’s equity stake and controls 90% of its voting power. The platform’s business model is similar to its main competitor, Tencent Music, as both offer music streaming services along with social entertainment features like live streaming to engage users and drive additional revenue.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Software & Services 573 out of 956
Universe
Global Universe 6138 out of 15104
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Just Eat Takeaway.com NV |
22.7
Medium
|
525 out of 956 |
| NetEase Cloud Music, Inc. |
23.2
Medium
|
573 out of 956 |
| Box, Inc. |
23.7
Medium
|
615 out of 956 |
| Beijing Sinnet Technology Co., Ltd. |
28.6
Medium
|
892 out of 956 |
| Wangsu Science & Technology Co., Ltd. |
29.9
Medium
|
920 out of 956 |
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