NetEase Cloud Music’s Hong Kong IPO Set for December 2

NetEase Cloud Music, the music streaming arm of Chinese tech giant NetEase, is planning to raise up to HKD $3.52 billion ($451.9 million) from an initial public offering (IPO) in Hong Kong, after shelving it earlier this year amid an environment of tightening regulation from Beijing on the country’s private sector. The streaming platform will sell 16 mi…