HANGZHOU, China, June 12,
2023 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899,
"NetEase Cloud Music" or the "Company"), a well-known online music
platform featuring a vibrant content community, today announced
that the latest mini-album from South Korean girl group (G)I-DLE
has once again captivated K-Pop fans across China with digital sales exceeding 300,000
copies on NetEase Cloud Music, topping the platform's 2023 charts
in terms of gross sales as of June
Following the debut of the 6-song mini-album, titled "I FEEL,"
on NetEase Cloud Music on May 15,
2023, the album quickly amassed more than 20 million streams
after its release. Meanwhile, NetEase Cloud Music has offered
virtual customized features specific to the album on its platform,
such as profile photo decoration, a pink theme, and exclusive
images and videos, as well as digital LED billboards in central
commercial districts across five cities globally, in order to
deepen user engagement and establish closer connections between
musicians and their fans.
Empowered by NetEase Cloud Music's distinctive music-inspired
ecosystem, fans have lauded the K-Pop powerhouse since their highly
successful debut full album "I NEVER DIE" and exciting follow-on
5th mini album "I LOVE". In total, digital sales from the three
(G)I-DLE albums have sold over 1.5 million copies and surpassed
RMB31 million on NetEase Cloud Music,
collectively accumulating over 264 million streams from avid fans
NetEase Cloud Music's prevalence as a go-to music platform in
China brings exposure to aspiring
artists to its sizeable and growing community of music lovers,
including K-Pop and J-Pop fans, backed by its abundant
resources that support artists and groups like (G)I-DLE with
significant promotion and marketing opportunities. In addition, the
platform has extensive music copyright collaborations with a number
of top Asian record labels, including SM Entertainment, YG
Entertainment, Avex, KAO!INC, and Pony Canyon.
About Cloud Music Inc.
Launched in 2013 by NetEase, Inc. (NASDAQ: NTES; HKEX: 9999),
Cloud Music Inc. (HKEX: 9899) is a well-known online music platform
featuring a vibrant content community. Dedicated to providing an
elevated user experience, Cloud Music Inc. provides
precise, personalised recommendations, promotes user
interaction and creates a strong social community. Its focus on
discovering and promoting emerging musicians has made Cloud Music
Inc. a destination of choice for exploring new and independent
music among music enthusiasts in China. The platform has been recognised as the
most popular entertainment app among China's vibrant Generation Z community.
Please see http://ir.music.163.com/ for more
Forward Looking Statements
This press release contains forward-looking statements relating
to the business outlook, estimates of financial performance,
forecast business plans and growth strategies of the Company. These
forward-looking statements are based on information currently
available to the Company and are stated herein on the basis of the
outlook at the time of this press release. They are based on
certain expectations, assumptions and premises, some of which are
subjective or beyond our control. These forward-looking statements
may prove to be incorrect and may not be realised in the future.
Underlying these forward-looking statements are a lot of risks and
uncertainties. In light of the risks and uncertainties, the
inclusion of forward-looking statements in this press release
should not be regarded as representations by the Board or the
Company that the plans and objectives will be achieved, and
investors should not place undue reliance on
Cloud Music Inc.
SOURCE NetEase, Inc.