NetEase looks to raise $500m from Hong Kong IPO of music business Cloud Village

NetEase looks to raise $500m from Hong Kong IPO of music business Cloud Village

Photo: Zarak Khan / Unsplash

NetEase Inc’s music streaming business Cloud Village Inc is aiming to raise up to $500 million in a Hong Kong initial public offering, according to regulatory filings, after shelving the deal earlier this year following China’s regulatory crackdown on tech companies.