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NetEase's Streaming Music Business Deserves a Closer Look

TheMotleyFool

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NetEase's Streaming Music Business Deserves a Closer Look

NetEase (NASDAQ: NTES) is China's second-largest video game publisher after Tencent (OTC: TCEHY). It generated nearly three-quarters of its revenue from online games like Invincible, Onmyoji, and Sky last quarter.

However, NetEase's "Innovative Businesses and Others" segment, which generated over a fifth of its revenue during the quarter, houses its secondary growth engine: NetEase Cloud Music, China's second-largest streaming music platform after Tencent Music (NYSE: TME).

Image source: Getty Images.

Source Fool.com

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