NetEase Cloud Music, the Spotify alternative in China, will have its IPO in Hong Kong next year, according to unconfirmed reports. The music streaming service provider has close to a billion listeners.
It’s said that CEO DING Lei loves music streaming so much that he runs the business himself.
NetEase Cloud Music has had three rounds of fundraising, adding 7 billion yuan in value.
By press time, NetEase cannot be reached for comment.
