The online music business of Chinese internet company NetEase Inc. has revived its listing plans and is aiming to launch an initial public offering in Hong Kong before the end of this year, The Wall Street Journal reported.
Cloud Village, which operates a music-streaming platform similar to that of Spotify Technology, filed for an IPO in the city in late May and was planning to take investor orders in the first half of August.
The deal was pulled on August 9 amid a huge sell-off in Chinese internet-technology stocks that was triggered by a wave of regulatory action by Beijing against many new-economy companies.
Read the full report: The Wall Street Journal
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The post NetEase’s Online Music Unit Revives IPO Plans: WSJ appeared first on Asia Financial.
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