NetEase, Inc.
NTESNasdaqServices-Prepackaged SoftwareAlso trades as NETTF
$115.49+1.85 (+1.63%)
Close on Nov 2, 2026Market cap $73.73BP/E 14.7Yield –
NetEase NetEase Cloud Music by Year
NetEase Cloud Music — Research and development expenses (RMB M) ($M)
NetEase NetEase Cloud Music: $714M in 2025, down 7.9% from a year earlier.
Latest, 2025
714
Period ended Dec 31, 2025
Change on a year earlier
-7.9%
775 in 2024
History
6 years
Since 2020
Sources
4
Documents cited below
Where the 2025 figure comes from
“NetEase Cloud Music (9899.HK) 2025 Annual Results — Research and development expenses for the year ended December 31, 2025: RMB713.666 million.”
Source: NetEase Cloud Music (9899.HK) 2025 Annual Report (incl. ESG Report) ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | NetEase Cloud Music — Research and development expenses (RMB M) ($M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 714 | -7.9% | NetEase Cloud Music (9899.HK) 2025 Annual Report (incl. ESG Report) ↗ |
| 2024 | Dec 31, 2024 | 775 | -11.8% | NetEase Cloud Music (9899.HK) 2025 Annual Report (incl. ESG Report) ↗ |
| 2023 | Dec 31, 2023 | 879 | -13.3% | NetEase Cloud Music (9899.HK) 2024 Annual Report (incl. ESG Report) ↗ |
| 2022 | Dec 31, 2022 | 1,014 | +11.5% | NetEase Cloud Music (9899.HK) 2023 Annual Results & Interim Results ↗ |
| 2021 | Dec 31, 2021 | 910 | +27.1% | NetEase Cloud Music (9899.HK) 2022 Annual Results & Interim Results ↗ |
| 2020 | Dec 31, 2020 | 716 | – | NetEase Cloud Music (9899.HK) 2022 Annual Results & Interim Results ↗ |
Cite this data
StockData. (2026). NetEase NetEase Cloud Music ($M), annual 2020–2025 [Data set]. Compiled from NetEase SEC filings and investor materials. https://stockdatahq.com/stocks/ntes/kpis/cm-rd-exp
See every metric in the NetEase KPI table. Data updated Nov 2, 2026.