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The Latest Breaking News from NetEase

Blizzard Entertainment Acquires This Boston-Based Studio For Undisclosed Terms

Activision Blizzard, Inc's (NASDAQ:ATVI) Blizzard Entertainment closed the acquisition of the Boston-based studio Proletariat. The financial terms of the transaction remain undisclosed. The acquisition will help better serve players in the multiplayer online role-playing game World of Warcraft. "Over the next two years, we plan to hire hundreds of the best developers to…

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $25,000 Today

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $25,000 Today

NetEase (NASDAQ:NTES) has outperformed the market over the past 15 years by 17.64% on an annualized basis producing an average annual return of 23.84%. Currently, NetEase has a market capitalization of $61.32 billion.

Dow Jones Slips After Bullish Week; Nike Slumps Ahead Of Earnings; Watch These Health Care Stocks Now

Dow Jones Slips After Bullish Week; Nike Slumps Ahead Of Earnings; Watch These Health Care Stocks Now

The Dow Jones and other major stock indexes were down modestly Monday afternoon after a bullish week. Small caps outperformed.

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Meta's Biggest Rival Posts Visible Success On Gaming Foray Despite Bigger Rivals Like Tencent, NetEase

TikTok parent ByteDance Ltd's gaming foray exudes promise as spending across its mobile titles grew over the past year, according to Sensor Tower. The report highlighted TikTok owner generated $1 billion of player spending across its mobile games as of the year ended June 20, 2022, up 16% year-on-year. ByteDance had set…

China: Gaming Firm NetEase Sees Stocks Slump Amid Tech Crackdown

The Chinese government is imposing restrictions on gaming companies such as NetEase to prevent addiction. The measures are delaying the release of major titles such as “Diablo Immortal,” hurting the industry.

Diablo Immortal delayed in China just days before launch

This delay comes after Diablo Immortal's official account on Weibo was banned.

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Here's How Much $100 Invested In NetEase 15 Years Ago Would Be Worth Today

NetEase (NASDAQ:NTES) has outperformed the market over the past 15 years by 19.2% on an annualized basis producing an average annual return of 25.44%. Currently, NetEase has a market capitalization of $67.14 billion.

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IBD Screen Of The Day: These Few Global Leaders Stand Out Despite Market Weakness

IBD Screen Of The Day: These Few Global Leaders Stand Out Despite Market Weakness

Equinor is also uniquely positioned as the second-largest supplier of pipelined natural gas to Europe.

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Dow Jones Futures Dive, Yields Hit Multiyear Highs As Stagflation Risks Grow

Dow Jones Futures Dive, Yields Hit Multiyear Highs As Stagflation Risks Grow

Futures plunge, yields jump and Bitcoin dives as markets mull stagflation risks and a supersized Fed rate hike this week.

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Why Bilibili Shares Are Plunging Today

Why Bilibili Shares Are Plunging Today

Bilibili Inc (NASDAQ:BILI) reported first-quarter FY22 revenue growth of 30% year-on-year to $797.3 million, beating the consensus of $757.6 million. Drivers: Average monthly active users (MAUs) increased 31% Y/Y to 293.6 million, and Mobile MAUs rose 33% Y/Y to 276.4 million. Average daily active users (DAUs) climbed 32% Y/Y to 79.4 million, and Average…

China Stocks Roar As Regulation Squeeze Appears To Be Loosening

China Stocks Roar As Regulation Squeeze Appears To Be Loosening

China stocks in the internet sector, led by Alibaba and Tencent, are having their best day since mid-March on signs regulations are easing.

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China approves 60 new games, lifting hopes tech crackdown is ending

China approves 60 new games, lifting hopes tech crackdown is ending

Beijing (AFP) - China has approved the release of dozens of new video games, sending the shares of some of its biggest tech firms soaring Wednesday on hopes that a long-running and painful crackdown on the sector is easing.

China Approves 60 New Games

China Approves 60 New Games

China has approved the release of dozens of new video games, boosting the shares of some of its biggest tech firms Wednesday on hopes that a long-running and painful crackdown on the sector is easing. The announcement follows a report in The Wall Street Journal on Monday that said regulators…

Asharq Al-Awsat

China approves 60 new games, sparking hopes tech crackdown is ending

China approves 60 new games, sparking hopes tech crackdown is ending

Beijing (AFP) - China has approved the release of dozens of new video games, boosting the shares of some of its biggest tech firms Wednesday on hopes that a long-running and painful crackdown on the sector is easing.

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Market Rally Confirmed As Macy's, Dollar Tree Lead Retail Revival, Albemarle, Broadcom In Focus: Weekly Review

The stock market rally is now a confirmed uptrend, but will it last? Macy's, Dollar Tree and Albemarle soared this week on earnings news.

NetEase Shares Gain Post Q1 On Solid Contributions From Steady Online Game Services

NetEase, Inc (NASDAQ:NTES) reported first-quarter FY22 revenue growth of 14.8% year-on-year to $3.7 billion. Segments and margins: Online game services revenues grew 15.3% Y/Y to $2.7 billion. The gross margin for online game services expanded by 50 bps to 65.1%. Youdao, Inc (NYSE:DAO) revenue decreased 10.4% Y/Y to $189.4 million, and the corresponding gross margin…

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NetEase expand into the US with their first studio, Jackalope Games

Jackalope Games will be based out of Austin, Texas and have “creative freedom and funding to create incredible new games” according to the press release.

Is NetEase a Good Chinese Stock to Own in 2022?

Shares of NetEase (NTES) are trading up more than 5% today, even as the S&P 500 is down more than 3%. Is the Chinese stock still a buy?.

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Game over? China’s game industry navigates post-crackdown era

Beijing is continuing its strict oversight of the gaming sector despite lifting nine-month freeze on new titles.

Quantic Dream-NetEase acquisition rumors make more sense than you think — here's why

Chinese tech behemoth NetEase is reportedly in talks to acquire French developer Quantic Dream. Analysts weigh in on what this could mean for both parties.

Alibaba vs. NetEase: Which Chinese Stock is a Better Buy?

The Chinese government’s crackdown on technology companies severely hampered their growth prospects over the past year. However, with the government’s latest reassurance that it will support the technology industry, popular stocks Alibaba Group (BABA) and NetEase (NTES) should again attract significant investor attention. But which of these two stocks is…

NetEase Clocks 23% Revenue Growth In Q4 Backed By Strength In Flagship Titles, New Games

NetEase Inc (NASDAQ:NTES) reported fourth-quarter FY21 revenue growth of 23.3% year-on-year to $3.82 billion, beating the consensus of $3.81 billion. Segments and margins: Online game services revenues grew 29.8% Y/Y to $2.7 billion. The gross margin for online game services expanded by 100 bps to 64.1%. Net revenues from Youdao Inc (NYSE:DAO) increased 20.5% Y/Y to $209.3…

Take Advantage of the Market Sell-Off and Buy These 3 Beaten-Down Growth Stocks

Because the stock market is volatile due to rising inflationary pressure and the Fed's decision to hike interest rates, it could be wise to bet on quality growth stocks that are available at lower price levels to reap maximum rewards over the long run. Beaten-down stocks Intel (INTC), Intuit (INTU),…

Former Sega exec Toshiro Nagoshi founds new gaming studio

Backed by NetEase, Toshihiro Nagoshi's studio has hired previous Sega employees and 'Yakuza' devs.

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