** Shares of NetEase Cloud Music 9899.HK jump 21.1% to HK$175.1, their highest since December 2021, and on course to snap two straight sessions of fall
** Stock on track for the biggest one-day pct gain since May 2022
** NetEase Inc's 9999.HK music online platforms operation unit said its adjusted profit for 2024 rose 107.7% y/y to 1.7 bln yuan ($234.7 mln), gross profit up 27.5% y/y to 2.68 bln yuan due to increased revenues from sales of membership subscriptions and cost control
** NetEase's Hong Kong shares slip 0.4%
** Hang Seng Composite Index on information technology firms .HSCIIT surges 5.1%, Hang Seng Tech Index .HSTECH jumps 5%, Hang Hang Seng Index .HSI rises 3.3%
** NetEase Cloud Music shares up 49.5% YTD
($1 = 7.2420 Chinese yuan renminbi)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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