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Hong Kong stocks anomaly | NetEase Cloud Music (09899.HK) soars over 5%, stock price hits new high since listing. Business leverage release brings continuous increase in gross profit margin.

21/05/2025

According to the Wise Financial APP, NetEase Cloud Music (09899.HK) surged more than 5%, reaching a high of 211.2 Hong Kong dollars to create a new record high for the company. As of the time of writing, it rose by 5.68%, closing at 210.2 Hong Kong dollars, with a trading volume of 2.23 billion Hong Kong dollars.

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