NetEase 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, founded in 2013 by NetEase. NetEase currently holds approximately 58% of Cloud Music’s equity stake and controls 90% of its voting power. The platform’s business model is similar to its main competitor, Tencent Music, as both offer music streaming services along with social entertainment features like live streaming to engage users and drive additional revenue.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Software & Services 557 out of 939
Universe
Global Universe 5894 out of 14631
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Etsy, Inc. |
15.5
Low
|
101 out of 939 |
| Lyft, Inc. |
21.1
Medium
|
418 out of 939 |
| NetEase Cloud Music, Inc. |
23.2
Medium
|
557 out of 939 |
| Upstart Holdings, Inc. |
24.4
Medium
|
632 out of 939 |
| Q2 Holdings, Inc. |
24.5
Medium
|
636 out of 939 |
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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.
