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NetEases Music Streaming Arm Cloud Village Re-Awakes Hong Kong IPO

12:20pm, Wednesday, 17'th Nov 2021 Coinspeaker
According to people familiar with the matter who pleaded anonymity, Cloud Village could seek to raise $500 million in the coming IPO.
NetEase, China’s second largest video gaming company, has become the latest tech firm in the country to voice its commitment to the metaverse concept, joining a host of peers including Tencent Holdings in a rush to embrace what has been touted as the next iteration of the internet, despite scepticism from stock market regulators.William Ding Lei, founder and chief executive of NetEase, said during an earnings call with analysts on Tuesday that the Hangzhou-based company has already prepared the…
Cloud Village runs NetEases music streaming business and the company says it has 185 million monthly active users. READ FULL ARTICLE The post Chinese #tech giant NetEase revives Hong Kong IPO of its music streaming arm appeared first on ByteFunding .
Cloud Village runs NetEase''s music streaming business and the company says it has 185 million monthly active users.
Cloud Village runs NetEase's music streaming business and the company says it has 185 million monthly active users.

NetEase restarts HK IPO of music streaming business Cloud Village

11:52pm, Tuesday, 16'th Nov 2021 DealStreetAsia
The company hopes to have a listing before the end of 2021, depending on market conditions.

NetEase (NTES) Q3 2021 Earnings Call Transcript

06:30pm, Tuesday, 16'th Nov 2021 The Motley Fool
NTES earnings call for the period ending September 30, 2021.
NetEase (NASDAQ:NTES) released its earnings results on Tuesday. The technology company reported $5.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $5.10, MarketWatch Earnings reports. The business had revenue of $22.19 billion for the quarter, compared to analyst estimates of $21.23 billion. NetEase had a net margin of 15.03% []
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NetEase, Inc. (NTES) CEO William Ding on Q3 2021 Results - Earning Call Transcript
HONG KONG : NetEase Inc has re-started the Hong Kong initial public offering (IPO) of its music streaming business Cloud Village, company filings showed on Tuesday, a deal two sources said is aimed at raising about US$500 million by year-end. The flotation was shelved in August as global financial markets
Full story available on Benzinga.com
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