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Sources say Alibaba will invest $2 billion in NetEase Music

via:博客园     time:2019/9/5 22:30:42     readed:67

Author: Zhou Xiaobai

[TechWeb] September 5 news, according to round-the-clock science and technology report, NetEase Yun Music is making a new round of financing, the amount of financing will reach $9 billion or more, of which Ali accounts for 20 percent of the shares, according to the calculation, Ali's investment in the current round of financing is about $2 billion.

In this regard, Ali, Netease has not yet responded.

According to reports, Ali's investment in NetEase Cloud Music will be completed in the near future. In addition, NetEase koala also decided to sell to Ali, the sale amount is also $2 billion.

According to public information, in October 2018, NetEase Cloud Music completed more than US $600 million B round financing, Pan-Atlantic Investment Group, Boyu Capital, Baidu and other investments; in April 2017, NetEase Cloud Music completed 750 million yuan A round financing, Shanghai Radio and Television Station, Mango Wenchuang (Shanghai) Equity Investment Fund, China Jinjiatai Fund, Shanghai Culture, Radio, Film and Television Group, and so on.

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