That’s according to coverage surfacing out of China, where NetEase Cloud Music has reportedly sued SM for “market abuse.” As described by Technode and others, the claims center on exclusive licensing ...

In January, NetEase Cloud Music secured a temporary deal to keep SM’s catalog available beyond the January 31 contract ...

NetEase Cloud Music’s lawsuit against SM Entertainment, one of South Korea’s biggest K-pop companies, became a trending topic ...

NetEase Cloud Music’s revenues were $256.1 million, down 8.4%, and its gross margin declined by 123 bps to 36.7%, primarily due to decreased net revenues from its social entertainment services.

Revenue from Youdao was down 6.7%, NetEase Cloud Music fell 8.4%, and its innovative businesses unit declined 17.6% in Q1. In Q1, total gross profit climbed 8.6% to RMB 18.5B ($2.5B).

HANGZHOU, China, July 31, 2025 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced that it will ...

Beyond games, NetEase service offerings include its majority-controlled subsidiaries Youdao (NYSE: DAO), an intelligent learning and advertising solutions provider, and NetEase Cloud Music (HKEX ...

NetEase Cloud Music’s revenues were $256.1 million, down 8.4%, and its gross margin declined by 123 bps to 36.7%, primarily due to decreased net revenues from its social entertainment services.