NetEase Cloud Music Inc.’s (HKG:9899) stock price dropped 5.7% last week; public companies would not be happy
Key Insights
- Significant control over NetEase Cloud Music by public companies implies that the general public has more power to influence management and governance-related decisions
- The largest shareholder of the company is NetEase, Inc. with a 60% stake
- Recent sales by insiders
Every investor in NetEase Cloud Music Inc. (HKG:9899) should be aware of the most powerful shareholder groups. We can see that public companies own the lion’s share in the company with 65% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
As a result, public companies as a group endured the highest losses last week after market cap fell by HK$1.6b.
Let’s delve deeper into each type of owner of NetEase…
