NetEase Cloud Music Signs Strategic Licensing Deal With Sony Music for China Market

Key Facts

NetEase Cloud Music and Sony Music Entertainment announced a strategic multi-year licensing agreement to provide Sony's music catalog on NetEase's streaming platform in China. PR Newswire reported that the partnership aims to expand the reach of Sony Music's artists in the Chinese market while enhancing the content library of NetEase Cloud Music.

NTES closed at $122.63 on November 12, 2026, with a session high of $124 and a low of $122.24. This agreement follows economic data from China showing that exports grew by 35.2% year-on-year on November 10, 2026, indicating sustained trade activity in the region.