Netease cloud music restarted its IPO, with a revenue of 5.1 billion in the first three quarters, a year-on-year increase of 52%

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On November 16, the official website of the Hong Kong Stock Exchange showed that Netease cloud music had uploaded a new post hearing data set, and the co sponsors of the listing were Bank of America Securities, CICC and Credit Suisse.
The latest disclosed data show that Netease cloud music performance continues to maintain rapid growth. Its revenue growth, paid user growth and online music payment rate rank first in the industry. In the first three quarters of 2021, the total revenue of Netease cloud music was RMB 5.1 billion, a year-on-year increase of 52%; The gross profit margin increased significantly and became positive to 0.4%; Monthly live users reached 184 million; The number of online music paying users was 27.52 million, a year-on-year increase of over 93%; The online music payment rate reached 14.9%.