Source: South China Morning PostNetEase said it plans to spin off Cloud Village, the operator of its NetEase Cloud Music streaming service, in an initial public offering in Hong Kong.The Hangzhou-based tech company said it had received permission from the Hong Kong stock exchange to move forward with a potential spin-off of the business.NetEase would hold at least 50 per cent of the voting rights of Cloud Village and the company would remain a NetEase subsidiary following the IPO. NetEase owns 62.46 per cent of Cloud Village…Read More