Stock Track | NETEASE MUSIC Soars 7.25% in Morning Session on "AI Songwriting" Feature Launch

Stock Track

12/01

NETEASE MUSIC (09899) saw its stock price surge by 7.25% during the morning trading session on Monday, reflecting strong investor interest in the company's latest innovation.

The rally follows the beta launch of an "AI Songwriting" feature by its subsidiary platform, NetEase Tianyin. This tool leverages artificial intelligence to simplify music creation, allowing users to generate complete songs by inputting keywords. Currently available to musicians and select power users, the feature is expected to democratize music production and tap into the growing AI-driven music market.

According to market research, the generative AI segment in the global music industry is projected to grow significantly, reaching $4.3 billion by 2029. This development positions NETEASE MUSIC at the forefront of a transformative trend in the music industry.

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