Cloud Village Inc. announced that it has signed a music licensing agreement with Beijing Time Fengjun Culture and Entertainment Development Co. Ltd., enriching the Company's growing portfolio of music services and reinforcing its presence among the younger generation. Under terms of the Agreement, NetEase Cloud Music is authorized to use a wide range of TF Entertainment's catalog, introducing more quality music from artists such as TFBOYS, TNT (Teens in Times), and TF Family. Through the cooperation, both parties will also jointly work to promote artists by leveraging their respective networks, and forging deep partnerships across the entertainment industry. TF Entertainment is one of China's leading entertainment groups
which focus on developing and training idols that resonate with younger generation.