Ding Lei as an angel investor in Pinduoduo naturally knows this. Of course the specific effect of membership price reduction has yet to be verified by facts. Secondly compared with the current economic accounts NetEase Cloud Music wants to calculate the demographic accounts of young people. Of course music platforms have begun to toss membership prices and there is another important shortterm factor: saying goodbye to dependence on live broadcasts. With the decline in live broadcast business data in recent quarters how can cash flow be repaired?
Generally speaking the answers given by everyone are actually similar. The online music membership model is not only a mature business model but also the real business of the online musicentertainment busi Job Seekers Phone Numbers List ness that people recognize. increases while NetEase Cloud Music chose delayed gratification and looked forward to future increases through maximizing feedback to students. It is worth noting that NetEase Cloud Music not only reduced the price of student memberships this time but also launched a student area specifically for users aged years old. The effort is not small.
Of course the final results will depend on the specific execution strategy of catching big fish and whether it can match this longterm thinking. But this does show that NetEase Cloud Music has always had a clear idea attaching great importance to young people. The moment of choice is also very interesting: on the one hand MOO Music is about to be taken off the shelves this is Tencent Musics product that focuses on youth. On the other hand it is a time to seamlessly connect Apples student membership price increases. Competing for young people can be said to be NetEase Cloud Musics brightest star since its launch. Will young people really be gold mines? Regarding this issue almost all Internet giants are jumping back and forth between looking forward to the future and grasping the present.