The business model of NetEase Cloud Music is in NetEase's online music platform NetEase Cloud Music announced the completion of $750 million in Series A financing, led by Shanghai Broadcasting Television and Shanghai Culture Broadcasting Film and Television Group strategy, Mango Wenchuang Equity Investment Fund, CICC Jiatai Fund participation, the post-investment valuation of 8 billion yuan.
Netease Cloud Music's operating entity is Hangzhou Netease Cloud Music Technology Co Ltd, founded in May 2016, a wholly-owned company in Taiwan, Hong Kong and Macao that is 100% owned by Cloud Village Co Ltd, and its legal representative is Zhu Yiwen.
NetEase Cloud Music was launched in March 2014, and has grown rapidly with its music community operation and personalized music recommendations, and is one of the businesses that NetEase's CEO Ding Lei has personally overseen and promoted its development.
Expanded:
p>According to the Company Law, a company in China refers to a limited liability company and a joint-stock company established within the territory of the State of China in accordance with the Law. From the point of view of the company law for the company's special definition, the most direct division of the company includes limited liability company and limited liability company.
The joint-stock company can be subdivided into listed company and unlisted joint-stock company according to whether it is listed or not. From whether the shareholders include state-owned enterprises, companies can be divided into state-owned companies and private companies. They can also be categorized into Chinese-foreign joint ventures and domestically owned companies, depending on whether the shareholders are foreigners or not.
From different perspectives, we can make a more detailed division of the company, in practice, because of the different types of companies, the applicable law may be different.
Baidu Encyclopedia - Ding Bo, Vice President of NetEase Cloud Music: Building a New Business Model with Communities and Scenarios