简体中文(ZH-CN) English(EN) 繁体中文(ZH-TW) 日本語(JA) 한국어(KO) Melayu(MS) Français(FR) Deutsch(DE)
Home > Technology peripherals > It Industry > body text

Alibaba reduces its stake in NetEase Cloud Music, with shareholding ratio falling from 7.0% to 5.19%

王林
Release： 2024-07-15 09:07:37
Original
372 people have browsed it

阿里巴巴减持网易云音乐，持股比例从 7.0% 降至 5.19%

Alibaba reduces its holdings in NetEase Cloud Music

This site reported on July 10 that Hong Kong Stock Exchange documents showed that Alibaba reduced its holdings in NetEase Cloud Music, and its shareholding ratio dropped from 7.0% to 5.19%.

    In September 2019, Alibaba and Yunfeng Fund invested US$700 million in NetEase Cloud Music.
  • As of the listing, Alibaba and Yunfeng Fund held 9.98% and 4.99% of the shares respectively.
  • In December 2021, after NetEase Cloud Music went public, Alibaba began to reduce its stake in Cloud Music.
  • In Q2 2022, Alibaba’s equity stake decreased from 9.98% to 9.91%.
  • On June 6, 2023, Alibaba reduced its stake from 8.3% to 7.0%.
  • In 2023, NetEase Cloud Music’s total revenue was 7.867 billion, a year-on-year decrease of 12.51%.
  • NetEase Cloud Music’s gross profit margin and net profit margin are 26.73% and 9.33% respectively, which are far lower than Tencent Music.

The above is the detailed content of Alibaba reduces its stake in NetEase Cloud Music, with shareholding ratio falling from 7.0% to 5.19%. For more information, please follow other related articles on the PHP Chinese website!

Related labels：
Alibaba NetEase Music Cloud
source：ithome.com
Previous article：The construction of the main structure of Shanghai Lingang’s “Mobius Ring” is completed, and the park will be completed by the end of the year Next article：The admission list of the 2024 Junior Class of the University of Science and Technology of China was announced: 52 students were shortlisted, and more than 50% of them were from the Yangtze River Delta.
Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Latest Articles by Author
Latest Issues
Reverse text direction for HTML input For my website I need to provide Arabic language support. Part of this is to provide an in...
From 2023-08-22 12:58:49
0
2
328
Imperial cms secondary development--how to display pictures in information management The pictures here in information management are only displayed as an icon. Every time you ...
From 2022-12-06 18:16:41
0
1
517
Which PHP Chinese website server do you use? I am planning to buy a server. There are many videos and pictures. I checked Alibaba Cloud...
From 2022-03-22 09:43:40
0
1
640
index.php error, please give me some advice I want to set up WordPress on my own on Alibaba Cloud virtual host, but I have no trouble ...
From 2021-10-16 17:29:59
0
6
801
npm mirror site newly launched Alibaba Cloud Open Source Mirror Station is a mirror station for open source components, o...
From 2021-09-23 15:27:02
0
1
667
Related Topics
More>
Popular Recommendations
Popular Tutorials
More>
Related Tutorials
Popular Recommendations
Latest courses
Latest Downloads
More>
Web Effects
Website Source Code
Website Materials
Front End Template
About us Disclaimer Sitemap
php.cn：Public welfare online PHP training，Help PHP learners grow quickly！