7x24英文

23:45 Reports: Baidu takes strategic position in NetEase Music - Baidu, Inc. (NASDAQ:BIDU)

英文24小时播报 2月前 811

NetEase (NASDAQ:NTES) is up 5% in U.S. trading after word of a new funding round for its Cloud Music unit that has a strategic position from Baidu (BIDU +2.9%).

Boyu Capital and General Atlantic are also said to take part.

Tencent (TCEHY +7.1%) rival NetEase will remain the controlling shareholder in NetEase Cloud Music after the divestment, while Baidu will act as a strategic partner.

Previously: With markets reeling, Tencent Music pauses IPO (Oct. 11 2018)



Subscribe for full text news in your inbox

更多资讯 ->
发新帖
英文24小时播报
主题数
-2
帖子数
0
注册排名
5