NetEase cloud music completes a new round of $600 million financing, Baidu as a strategic investor.


NetEase cloud music completes a new round of $600 million financing, Baidu as a strategic investor.

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On the evening of November 12, Sina Technologies News Beijing time, Netease (Nasdaq: NTES) announced today that its music streaming media platform "Netease Cloud Music" had completed a round of financing announced before, totaling more than $600 million.

Investors in this round include Baidu, General Atlantic, Boyu Capital and other investors, of which Baidu is a strategic investor. After this round of financing, NetEase is still the controlling shareholder of "NetEase cloud music" business.


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