The freemium music streaming platform NetEase Cloud Music was priced at HK $205 ($26.29) per share, the midpoint of the file price range.
NetEase Cloud Music announced that it has reached a strategic cooperation agreement with Fenghua Qiushi, a well-known Chinese music company.
NetEase Cloud Music, the music streaming arm of Chinese tech giant NetEase, is planning to raise up to HKD $3.52 billion ($451.9 million) from an initial public offering (IPO) in Hong Kong.
On Tuesday, the Hong Kong Stock Exchange's website showed that NetEase Cloud Music has uploaded a brand-new post-hearing data set, and its co-sponsors for the listing are BoFA Securities, CICC and Credit Suisse AG.
NetEase, one of China's leading internet and online game services providers, announced on Tuesday its unaudited financial results for the third quarter this year.
NetEase Cloud Music has reached a copyright cooperation with China Record Corporation, launching a large amount of classic music as a result.
On Tuesday, Chinese online music platform NetEase Cloud Music announced its strategic cooperation with Emperor Entertainment (Hong Kong) Limited.
NetEase Cloud Music is planning to report to the state regulatory authorities that South Korean company SM Entertainment is refusing to open its music copyright authorization.
Netease Cloud Music has recently reached a strategic cooperation agreement with Modern Sky, the largest original music record company in China.
Ximalaya has submitted an application for listing to the HKEx on Monday after dropping plans to list publicly in the United States. The firm's co-sponsors were Goldman Sachs, Morgan Stanley and CICC.
Tencent said on Tuesday that it has exited all exclusive music copyright agreements it had been engaged in after Chinese regulators barred it from such deals last month.
On Monday, Reuters-owned media outlet IFR reported that NetEase Cloud Music has postponed its initial public offering (IPO) in Hong Kong after previously passing the listing hearing on August 1.
On Thursday afternoon, NetEase Cloud Music, a popular Chinese music streaming platform, passed its listing hearing with the Hong Kong Stock Exchange and will start offering shares soon.
Hong Kong media reported on Monday that Chinese gaming giant NetEase’s music streaming arm NetEase Cloud Music would pass its listing hearing as soon as this week, eyeing raising about $1 billion. Its co-sponsors are Merrill Lynch, CICC and Credit Suisse. The music platform declined to comment on the news.
Chinese internet giant NetEase announced it plans to spin off Cloud Village, the operator of its music streaming service NetEase Cloud Music, in an IPO on the Hong Kong Stock Exchange.
Here we’ve picked out the 7 best music apps for both Android and iPhone smartphone users in the West and China.
NetEase Cloud Music has on Tuesday reached a strategic partnership with Warner Chappell Music on music licensing as well as online karaoke and music IP development.
Gaming giant NetEase has reportedly launched a karaoke app linked to its music streaming platform Netease Cloud Music.
NetEase, one of China’s top internet and online game services providers, announced on Nov. 12 that NetEase Cloud Music, the company’s music streaming platform, has completed its round of financing with investors. The total amount raised exceeded $600 million.
Chinese users no longer need to fret over the choice between downloading music from NetEase Cloud Music or Tencent Music.