NETEASE MUSIC Stock Forum

Stocks to Watch
Best Buy Co Inc (BBY US) $Best Buy (BBY.US)$
Daily Chart - [BEARISH ↘ **] BBY US has shaped a bearish breakout of an ascending trendline. As long as price holds below 83.8 resistance, a drop towards support at 67.45 is expected. Technical indicators are advocating for a bearish scenario as well.
Alternatively: A daily candlestick closing above 83.8 resistance will invalidate bearish view and open a push higher towards next resistance at 91.85.
Kimbe...

$NETEASE MUSIC (09899.HK)$ ❤️ long bar…no joke when the market and stocks are ripping tru stage 2 uptrend…many this kind of setups now in the market

$BABA-W (09988.HK)$ reduced its stake in $NETEASE MUSIC (09899.HK)$ by 3.9 million shares for over RMB350 million. $Alibaba (BABA.US)$ opened rising 1.2% at $74. Mobile phone parts stock $Q TECH (01478.HK)$ expects 1H24 consolidated profit to rocket up to 5x YoY, and its shares opened surging 6.7% at $4.29.
For other tech stocks, $TENCENT (00700.HK)$ opened 0.5% higher at $379.4, while $MEITUAN-W (03690.HK)$ , $XIAOMI-W (01810.HK)$ , $JD-SW (09618.HK)$ and $BIDU-SW (09888.HK)$ opened 0....

For other techs, $MEITUAN-W (03690.HK)$ , $JD-SW (09618.HK)$ and $BILIBILI-W (09626.HK)$ picked up 2.3-3.1%, while $KUAISHOU-W (01024.HK)$ and $NTES-S (09999.HK)$ added 2% and 1%. $TME-SW (01698.HK)$ and $NETEASE MUSIC (09899.HK)$ elevated 3% and 6%, while $WEIMOB INC (02013.HK)$ , $HUA HONG SEMI (01347.HK)$ , $COWELL (01415.HK)$ and $Q TECH (01478.HK)$ leaped over 3%.

BABA offloaded 2.2 million shares of $NETEASE MUSIC (09899.HK)$ off-market on April 17th.
The average selling price was approximately $87.13 per share, totaling around $191.7 million.
Following the transaction, BABA's stake in CLOUD MUSIC decreased from 9.35% to 8.32%.
$ALIBABA GROUP HOLDING LTD (BABAF.US)$ $Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $Hang Seng TECH Index (800700.HK)$ $China Concept Stocks (LIST2517.US)$

Hong Kong stocks opened softly this morning. $Hang Seng Index (800000.HK)$ opened falling 139 points or 0.9% at 16,246, $Hang Seng China Enterprises Index (800100.HK)$ opened dropping 58 points or 1% at 5,745, and $Hang Seng TECH Index (800700.HK)$ opened declining 48 points or 1.4% at 3,308.
Techs were under pressure, with $TENCENT (00700.HK)$ opening 0.3% lower. $BABA-W (09988.HK)$ reduced its holdings in $NETEASE MUSIC (09899.HK)$ by 2.2 million shares over th...

After the high opening of science and technology stocks, their gains generally narrowed.
$BABA-W (09988.HK)$ rose 2.6% to 98.9 yuan
$TENCENT (00700.HK)$ rose 0.9% to 345.8 yuan
$MEITUAN-W (03690.HK)$ rose 3.6% to 187.9 yuan
$XIAOMI-W (01810.HK)$ rose 0.9% to 11.6 yuan
$JD-SW (09618.HK)$ rose 2.3% to 246.6 yuan
$KUAISHOU-W (01024.HK)$ rose 1.8%
$KINGDEE INT'L (00268.HK)$ and $ALI HEALTH (00241.HK)$ fell 3.6% and 2.2% respectively
$KINGSOFT CLOUD (03896.HK)$ and $NETEASE MUSIC (09899.HK)$ rose ...

MUS, the first social music app released by $NETEASE MUSIC (09899.HK)$, on September 27 officially opened for registration. MUS, an abbreviation of Music with Us, is designed for matching user groups with similar music tastes.
The “voice” section is an innovative function of MUS and an extension of the music evaluation function of NetEase Cloud Music, which will be followed by a function of uploading posts by voice.
The social enterta...