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November 13, 2018 11:42 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/D2phxxW7n20/
Chinas NetEase raises $600M for its music streaming business
As Tencent Music, China’s largest streaming firm, reportedly stalls on its proposed U.S. IPO, one of its closest challengers is doubling down. NetEase Cloud Music, a rival operated by games and publishing giant NetEase, just closed a fresh $600 million injection from a bevy of investors that include Baidu and General Atlantic, the company announced […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/D2phxxW7n20/
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