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2021-08-11

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2021-08-09

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NetEase's music service to delay Hong Kong IPO launch

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetEase's music service to delay Hong Kong IPO launch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 14:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/neteases-music-service-to-delay-hong-kong-ipo-launch><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HONG KONG (BLOOMBERG) - Cloud Village, the music streaming arm of Chinese gaming giant NetEase, is postponing the launch of a Hong Kong initial public offering (IPO) that was set to raise about US$1 ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/neteases-music-service-to-delay-hong-kong-ipo-launch\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NTES":"网易"},"source_url":"http://www.straitstimes.com/business/companies-markets/neteases-music-service-to-delay-hong-kong-ipo-launch","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158414871","content_text":"HONG KONG (BLOOMBERG) - Cloud Village, the music streaming arm of Chinese gaming giant NetEase, is postponing the launch of a Hong Kong initial public offering (IPO) that was set to raise about US$1 billion, according to people familiar with the matter.\nThe unit tested demand for its offering last week, but is not going ahead with taking investor orders, the people said, asking not to be identified as the information isn't public. It intends to wait for better market conditions, one of the people said.\nAt an expected size of about US$1 billion, Cloud Village's IPO would be one of the biggest potential first-time share sales in Hong Kong by a technology company this year.\nIFR first reported the delay on Monday (Aug 9). 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