News Snapshot:
Cloud Village, the music streaming arm of NetEase runs the NetEase Cloud Music app which is displayed on a smartphone in this photo.Fan Jianlei | Visual China Group | Getty ImagesGUANGZHOU, China u2014 NetEase has launched the Hong Kong initial public offering (IPO) of its music business Cloud Village which could raise around $500 million.Cloud Village will offer 16 million shares at a price between 190 Hong Kong dollars and 220 Hong Kong dollars. The final price has not yet been set.There is an option to issue a further 2.4 million shares as part of an over-allotment option.At the upper...
