Cloud Music, Inc.
Industry Group: Software & Services
Country/Region: China
Identifier: HKG:9899
Cloud Music is the second largest online music service provider in China. It was founded in 2013 by NetEase, which currently holds around 58% of its equity stake and 90% of voting power. The business model of Cloud Music resembles that of its main competitor Tencent Music, as both provide music streaming services to their users plus social entertainment features such as livestreaming.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Software & Services 582 out of 962
Universe
Global Universe 6300 out of 15104
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Deliveroo Plc |
22.4
Medium
|
518 out of 962 |
| Cloud Music, Inc. |
23.2
Medium
|
582 out of 962 |
| Alarm.com Holdings, Inc. |
24.4
Medium
|
683 out of 962 |
| Five9, Inc. |
27.4
Medium
|
870 out of 962 |
| Wangsu Science & Technology Co., Ltd. |
29.9
Medium
|
929 out of 962 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.