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Sony Music buys $100m of shares in NetEase’s music service; Chinese platform’s IPO set for December 2

November 24, 2021
Source: musicbusinessworldwide.com musicbusinessworldwide.com
News Snapshot:
Sony Music buys $100m of shares in NetEase’s music service; Chinese platform’s IPO set for December 2 November 23, 2021 By Murray Stassen Picture of the NetEase office building in Hangzhou, China, 2020 (credit: THINK A / Shutterstock) There’s another blockbuster music IPO on the horizon… with participation from one majorly interesting founding partner. Chinese technology giant NetEase Inc. has confirmed that its subsidiary Cloud Village – which operates music streaming service NetEase Cloud Music – will list on the Main Board of the Hong Kong Stock Exchange on December 2 under the symbol “9899.HK.” A pre-IPO prospectus reveals three...
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