sources

Bloomberg: Sources: Cloud Village, the music streaming arm of Chinese gaming giant NetEase, raises ~$422M in a Hong Kong IPO, pricing shares at HK$205, or ~$26.30, each — - Cloud Village prices shares at midpoint of HK$205 after delay — Chinese tech firms listing in Hong Kong face new data rules

Jing Yang / Wall Street Journal: Sources: Alibaba is delegating more responsibility to presidents of its business units to shed its monolithic image in the wake of China's regulatory crackdown — CEO Daniel Zhang is devolving power to unit presidents as competition grows and big platforms come...

Keith Zhai / Wall Street Journal: Sources: at least nine state-run Chinese companies, including China Mobile, tell staff to stop using Tencent's chat app Weixin, citing security concerns — Employees were told to disband chat groups over security concerns, as Beijing's scrutiny into Tencent grows

Bloomberg: Sources: Chinese regulators asked Didi Global's management to devise a plan for delisting from the NYSE over concerns about leaking sensitive data — - Regulators asked Didi brass to devise a plan to go private — Forced delisting will be severest action against China Tech