Netease Plans To Spin Off News Unit And Raise $300M Via IPO Or Sale

neteaseNetease Inc. is planning to spin off its news operations and raise around US$300 million via a U.S. initial public offering or a strategic sale, in a move aimed at re-positioning itself as a top online games player, according to media reports citing insiders. The regulatory environment for online news in China has become increasing […]

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Read the original article: China Money Network