China International Capital Partners and other strategic investors have funded Chinese web developer NetEase with CNY750 million ( $ 108 m ) for its online music platform . The two strategic investors are Shanghai Media Group (SMG), which led the round, and Hunan Broadcasting System-owned Mango Media. China Cloud Music has been valued at about CNY8bn .
China International Capital Partners and other strategic investors have funded Chinese web developer NetEase with CNY750 million ( $ 108 m ) for its online music platform . China Cloud Music has been valued at about CNY8bn .