Agreements reached under this partnership
Business alliance- 1
Contract territory: China (mainland China)
- 2
Tencent Music Entertainment Technology (Shenzhen) Co., Ltd. and its affiliates (including QQ Music, Kugou Music <Kugou>, Kuwo Music <Kuwo>, 全民 K 歌 <the mainland China version of WeSing>, and 爱听卓乐 <Ultimate Music>)
- 3
Hangzhou NetEase Cloud Music Technology Co., Ltd. and its affiliates (including NetEase Cloud Music and LOOK 直播)
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
The impact of this matter on the earnings of the Company Group for the fiscal year ending March 2027 is expected to be immaterial.
| Item | Details |
|---|---|
| Name of alliance partner | 酷亚音乐(深圳)有限公司 <One Asia Music (Shenzhen) Limited> |
| Alliance partner's business activities | Music publishing, rights clearance associated with music streaming, development of copyright management systems, and other related businesses |
| Alliance partner's location | Futian District, Shenzhen |
| Type of alliance | Business alliance |
| Details of the alliance | Contract territory: China (mainland China), Tencent Music Entertainment Technology (Shenzhen) Co., Ltd. and its affiliates (including QQ Music, Kugou Music <Kugou>, Kuwo Music <Kuwo>, 全民 K 歌 <the mainland China version of WeSing>, and 爱听卓乐 <Ultimate Music>), Hangzhou NetEase Cloud Music Technology Co., Ltd. and its affiliates (including NetEase Cloud Music and LOOK 直播) |
| Contract Period | 2 years from 1 April 2026 (automatically renewed annually) |
| Alliance start date | 1 April 2026 |
| Impact on Business Performance | The impact of this matter on the earnings of the Company Group for the fiscal year ending March 2027 is expected to be immaterial. |
Items this document does not state (15)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To improve the accuracy of royalty collection and accelerate the schedule for distributing royalties to copyright holders by entering into a direct agreement with a Chinese company that has a track record of collecting royalties from the services covered by the agreement.