Beijing regulators have interviewed many leading online tutoring companies this week, asking them to stop selling courses targeted at senior high school students during winter vacation and to refund any fees paid.
At 9:30 this morning, NetEase Cloud Music, the music streaming arm of Chinese gaming giant NetEase, was listed on the main board of the Hong Kong Stock Exchange with ticker symbol "9899".
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.
NetEase, one of China's leading internet and online game services providers, announced on Tuesday its unaudited financial results for the third quarter this year.
On November 13, Chinese extracurricular education company Tomorrow Advancing Life issued a statement that it will be terminating its off-campus training for compulsory education in mainland China by the end of this year.
On September 30, Netease’s Youdao announced that it plans to sell its off-campus tutoring business of compulsory education stage, with the sale expected to be completed before the end of this year.
