Cloud Village Inc., which operates a music-streaming platform similar to that of Spotify Technology SA’s, filed for an IPO in the city in late May and was planning to take investor orders in the ...

However, the company is unprofitable. Cloud Village has posted losses for the past three years, with a full-year net loss widening to 3 billion yuan in 2020 compared to 2 billion yuan in 2019.

Cloud Village would remain a subsidiary of Hangzhou-based NetEase, which would retain at least 50 per cent of the voting rights following a planned Hong Kong IPO.

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 ...

NetEase Inc's Chinese music streaming business Cloud Village Inc will price it shares at around HK$205 each, raising almost HK$3.28 billion ($421 million) in its Hong Kong initial public offering ...