Source: Tech – South China Morning PostCloud Village, the music streaming subsidiary of NetEase, has moved a step closer to its Hong Kong initial public offering (IPO) after winning the approval from the city bourse’s listing committee late last week.The Hangzhou-based company, with over 60 million tracks in its library, is aiming to raise up to US$1 billion, according to a person familiar with the plan, speaking anonymously for describing a confidential matter. The source added that the amount raised could still change as Cloud…Read More