Tech Company Financing Transactions
NetEase Cloud Music Funding Round
NetEase Cloud Music, based in Hangzhou Zhejiang, raised $108 million from Shanghai Media Group, Creative Artists Agency and private investors.
Transaction Overview
Company Name
Announced On
4/13/2017
Transaction Type
Venture Equity
Amount
$108,000,000
Round
Undisclosed
Investors
Shanghai Media Group (Lead Investor)
Proceeds Purpose
During this round of financing, NetEase Cloud Music entrusted Fortune Finance, also a NetEase company, as its exclusive financial advisor.
Company Information
Company Status
Private & Independent
Industry
Entertainment
Mailing Address
Undisclosed
Hangzhou Zhejiang, 999999
China
Hangzhou Zhejiang, 999999
China
Phone
Undisclosed
Website
Email Address
Overview
NetEase Cloud Music is a Chinese application like a free Spotify that gives unlimited access to almost any song you can imagine. Stream or download music or videoclips to the PC or Mobile. NetEase Cloud Music, launched in April, 2013, is a music product well known for its discoveries and sharing under the flagship of NetEase.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Zhu Yiwen
Founder
William Ding
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