NetEase Cloud Music

NetEase Cloud Music (Chinese: 网易云音乐) is a Chinese freemium music streaming service developed and owned by NetEase, Inc. The streaming service was launched to the public on 23 April 2013. In April 2017 it received its series A financing of 750 million CNY (US$107 million), and was valued at 8 billion CNY (US$1.14 billion), making it a unicorn company. The main features of NetEase Cloud Music include playlists, live streaming, online karaoke, and social networking. As of May 2022, more than 450 thousand independent musicians have registered with NetEase Cloud Music, rising to over 611 thousand registered artists by December 2022 with a music database consisting of over 60 million songs. It is one of the biggest competitors in the Chinese music streaming business, primarily competing with Tencent's QQ Music.