Submit Deal

Submit Deal

Announced

5 Sep 2019

Alibaba to acquire a minority stake in NetEase Cloud Music.

Synopsis

Alibaba Group, the largest online retailer in China, agreed to acquire a minority stake in NetEase Cloud Music from NetEase. Financial terms were not disclosed. "Alibaba looks forward to becoming a partner in the future development of NetEase Cloud Music and exploring innovative collaboration in the digital entertainment space," Daniel Zhang, Alibaba Group CEO.

Principals

target

Netease Cloud Music

bidder

Alibaba Group Holding

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Market Context

Dealmakers (13)

Service Providers

Sort

Daniel Zhang

ManagerCEO at ALIBABA GROUP HOLDING LIMITED

Maggie Wu

ManagerCFO at ALIBABA GROUP HOLDING LIMITED

Adam Najberg

ManagerCommunications Director at ALIBABA GROUP HOLDING LIMITED

Tim Gardner

LawyerPartner at Weil Gotshal and Manges

Timothy A. Steinert

ManagerGeneral Counsel at ALIBABA GROUP HOLDING LIMITED

Kris Desrosiers

LawyerAssociate at Weil Gotshal and Manges

James Feng

LawyerAssociate at Weil Gotshal and Manges

Chris Welty

LawyerPartner at Weil Gotshal and Manges

Jack Ma

InvestorChairman at ALIBABA GROUP HOLDING LIMITED

Paul W. Boltz

LawyerPartner at Gibson Dunn & Crutcher

William Ding

ManagerCEO at NETEASE INC

Charles Yang

ManagerCFO at NETEASE INC

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.