HANGZHOU, China, Feb. 7, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899 or the "Company"), a well-known online music platform featuring a vibrant content community, today announced that it will report its financial results for the fiscal year of 2023 ended December 31, 2023 on Thursday, February 29, 2024, after the Hong Kong market closes.The Company's management will host an earnings conference call at 7:00 p.m. Beijing/Hong Kong Time on Thursday, February 29, 2024 (6:00 a.m. U.S. Eastern Time on the sa ...

HANGZHOU, China, Feb. 7, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its fourth quarter and fiscal year 2023 financial results on Thursday, February 29, 2024, before the open of the U.S. markets.The earnings teleconference call with simultaneous webcast will take place at 5:00 a.m. Eastern Time on Thursday, February 29, 2024 (Beijing/Hong Kong Time: 6:00 p.m., Thursda ...

Music Industry Trends - The trend of "de-top-streaming" is spreading in the content ecosystem, including the music industry, where resources and traffic are no longer concentrated on a few top artists as in the CD era [1] - The shift from PGC to UGC and the use of recommendation algorithms by platforms have contributed to this trend, leading to more diversified music and personalized listening experiences [1] - Music platforms can be divided into two categories: established players like TME and NetEase Cloud Music, which focus on resource collaboration and social stickiness, and new challengers like Qishui Music, which prioritize recommendation algorithms [1][5] Spotify and Qishui Music - Spotify, despite being unprofitable, has seen its stock price rise since its IPO, with 2022 revenue reaching 11.7 billion euros, up from 9.67 billion euros in 2021 [3] - Spotify's recommendation algorithm, particularly its Discover Weekly feature, has been instrumental in discovering new artists, with over one-third of new artists being discovered through personalized recommendations [4] - Qishui Music, inspired by Spotify, adopts a vertical single waterfall flow for song recommendations, similar to TikTok, and focuses on algorithm-driven music discovery [5] Domestic Music Platforms - TME and NetEase Cloud Music dominate the domestic market, with TME focusing on resource collaboration and IP creation, while NetEase Cloud Music emphasizes user-generated content and independent music [6][8] - TME's strategy includes leveraging its entertainment ecosystem to provide music-related services, while NetEase Cloud Music aims to build a music version of Bilibili, focusing on user interaction and independent music [8] - Both platforms have responded to the rise of Qishui Music by introducing features like ad-supported free listening and live streaming, indicating the impact of new entrants on the market [9] Future Trends and Challenges - The music industry is characterized by its unique balance of production difficulty, dissemination efficiency, and emotional value, making platform strategies complex and ever-evolving [10] - The rise of hip-hop music in China, driven by platforms like iQiyi, has benefited NetEase Cloud Music, highlighting the unpredictable nature of music trends [10] - The competition among music platforms is expected to intensify, with potential scenarios including a tripartite division of the market among TME, NetEase Cloud Music, and Qishui Music [10] Market Dynamics - Spotify's global dominance and its focus on algorithm-driven recommendations have set a benchmark for new entrants like Qishui Music, which aims to replicate Spotify's success in the domestic market [5] - The domestic market is witnessing a shift towards algorithm-driven platforms, with Qishui Music's entry challenging the established players and potentially reshaping user preferences [9] - The lack of a clear moat in the music platform industry suggests that competition will remain fierce, with platforms continuously adapting to changing user demands and market dynamics [10]

Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of billions of dollars off the market value of local titans.The link to the draft rules was no longer accessible as of this morning, as first reported by Reuters. Shares of Tencent and NetEase jumped on the news.The move follows Beijing also removing a key official – the head of the publication bureau of Communist Party’s Propaganda Department – over the handling of ...

Editor's note: Seeking Alpha is proud to welcome ERIC JIAQING WU as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Young777/E+ via Getty Images Executive Summary: Buy recommendation issued for NetEase Inc (NASDAQ:NTES). Per share value estimated to be $86.39, $98.15, and $ 104.17 in the pessimistic, base, and optimistic case respectively. At a market price ...

ToplineThe Chinese government has ousted a top official in charge of regulating the country’s gaming industry, according to reports, in a likely effort to stem the damage from a stock market rout over proposed restrictions on online games in late December.China's gaming industry faced a stock market route just before Christmas holidays after a new ... [+] proposal sought curbs on spending and engagement from players.AFP via Getty Images Key FactsFeng Shixin was forced to step down from his role as the publi ...

Recently beaten-down China online gaming stocks rebounded on Wednesday in Hong Kong on news of a more conciliatory tone on the sector by the country’s top gaming regulator. Shares of NetEase Inc. NTES, -4.20% and Tencent Holdings Ltd. 700, +4.01% climbed 11% and 4%, respectively in Hong Kong. In U.S. trading, NetEase failed to get a lift, falling 4% and rival gamer Huya Inc. HUYA, -1.34% slipping 0.7%, even after both rose in premarket trading. Tencent is the parent of Tencent Music Entertainment Group  TME ...

ToplineA Chinese government regulator released new draft regulations targeting spending and engagement on online games on Friday, causing listed shares of major domestic gaming giants to crater amid fears of another crackdown on video games in one of the world’s largest markets for the medium.File Photo: People play online video games in a game arcade in Beijing, China.Getty Images Key FactsThe new draft rules published by China’s National Press and Publication Administration seek to limit the amount of tim ...

Shares of NetEase Inc. and Tencent Holdings Inc. fell sharply on Friday after Chinese authorities announced draft rules to crack down on spending and rewards in online gaming. In a statement, China’s National Press and Publication Administration, the top gaming regulator, proposed curbs on excessive spending on games by consumers, and bans on rewards from multiple logins and pop-up rules that would warn users against overspending on such games.The draft rules also said content of any games should be prohibi ...

In this article9999-HKChina's first offline esports experience hall Tencent V-Station, Shanghai, China, October 31, 2020.Costfoto | Future Publishing | Getty ImagesTencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending.The draft guidelines from China's National Press and Publication Administration sank the Hong Kong-listed shares of Tencent, NetEase and Bilibili — among the largest online gam ...