SEHK:9899Entertainment
Is NetEase Cloud Music (SEHK:9899) Undervalued On Its Warner Music Deal?
NetEase Cloud Music (SEHK:9899) has renewed and expanded its multi year licensing agreement with Warner Music Group. The deal broadens cooperation into marketing, talent promotion and multimedia content for Chinese users and international artists.
See our latest analysis for NetEase Cloud Music.
Against this backdrop, NetEase Cloud Music’s recent licensing renewal with Warner Music Group comes after a mixed stretch in the market. The stock has shown a 9.92% 1 month share price gain but a year...