Netease said to seek at least $300m in US IPO of online education arm

Netease said to seek at least $300m in US IPO of online education arm

Photographer: Xaume Olleros/Bloomberg

Netease Inc. is planning an initial public offering in the U.S. of its Youdao arm that could raise at least $300 million, people familiar with the matter said, propelling its expansion into a crowded online education arena.

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