HONG KONG -- Cloud Village, the main streaming rival to China's Tencent Music Entertainment Group, has restarted its Hong Kong initial public offering after halving its earlier sales target amid Beijing's clampdown on internet data.
IPO
China's NetEase restarts Hong Kong IPO for music streaming unit
Share sale halved amid Beijing clampdown on user data
Cloud Village, which claims 185 million monthly active users, posted a net loss of 3.8 billion yuan for the first half of 2021.
Read Next
Latest on IPO
