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Netease Said To Scale Down Some Game Projects Amid Beijing’S Crackdown On Video Gaming Sector - SCMP
NetEase reports Q2 basic net income per share of $0.16
NetEase Inc Announces Proposed Spin-Off And Separate Listing Of Cloud Village Inc
NetEase Inc is a technology company. The Company operates three business segments. The Online Game Service segment is engaged in developing and operating online game services that cover mobile games and personal computer (PC) games. The games include Westward Journey, Onmyoji series and so on. The Youdao segment provides intelligent learning services. Its products and services include Youdao Premium Courses, Youdao Dictionary and Youdao Dictionary Pen. The Innovative Businesses and Others segment provides products Netease Cloud Music, Netease Mail, Netease News and other products. The Company conducts its businesses both in domestic and international markets, including Japan, the United States, Europe and Southeast Asia.
No. 599 Wangshang Rd, Binjiang District
Chief Executive Officer, Director
Chief Financial Officer
Ting Bun Lee
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Chinese gaming firm NetEase Inc has downsized some of its studios and projects started in early September amid a regulatory crackdown by Beijing on the video gaming sector, the South China Morning Post reported on Tuesday, citing people with direct knowledge of the matter.
Chinese gaming firms including Tencent Holdings Ltd and NetEase Inc were summoned by Chinese government officials, State media Xinhua reported on Wednesday.
Chinese gaming firm NetEase Inc said on Tuesday that less than 1% of its revenue comes from minors, a day after China's new rules forbid under-18s from playing online games for more than three hours a week.
NetEase Inc Chief Executive Officer Ding Lei said on Tuesday the gaming company gets less than 1% of its revenue from minors.
NetEase Inc has delayed the $1 billion Hong Kong initial public offering of its music streaming service Cloud Village because of volatile trading in China's major tech companies, two people with direct knowledge of the matter said.
Shares of online gaming companies, including Tencent Holdings and Netease Inc , tumbled on Tuesday after Chinese state media called the business "spiritual opium".
* NetEase raises at least $2.7 bln in secondary HK listing-sources
Chinese online gaming firm Netease raised at least $2.7 billion in a Hong Kong secondary offering after pricing its shares at HK$123 ($15.87) each, according to two sources with direct knowledge of the matter.
Chinese online gaming firm NetEase plans to raise about $2.6 billion to fund expansion through its secondary listing which began on Monday, a term sheet seen by Reuters showed, marking Hong Kong's largest equity deal so far this year.
Chinese tech group Netease Inc aims to raise between $2 and $3 billion in one of the largest equity deals so far this year when it launches a secondary listing in Hong Kong on Monday, said three people familiar with the transaction.
Chinese technology company NetEase plans to carry out a secondary listing on the Hong Kong Stock Exchange on June 11, which will be followed one week later by web retailer JD.com, four sources with direct knowledge of the matter said.
* Alibaba, PE firm Yunfeng to invest in Netease's music service (Adds comments by industry experts)
Alibaba Group Holding Ltd has agreed to pay $2 billion in cash to buy Chinese e-commerce firm Kaola, local news outlet Caixin reported on Friday. (http://bit.ly/2HcCI6C)
* NetEase to release game in China in partnership with Game Freak
China's content regulator on Friday said it has approved the monetisation of 95 new video games, including titles from Tencent Holdings Ltd and NetEase Inc.
China's content regulator on Friday said it has approved 95 new video games, including titles from Tencent Holdings Ltd and NetEase Inc.
Amazon.com Inc's Chinese joint venture is in talks about a merger with local e-commerce firm Kaola, which sells imported products in the Asian country, business magazine Caijing reported https://tech.sina.cn/i/gn/2019-02-19/detail-ihrfqzka7167698.d.html?from=wap on Tuesday.
Amazon.com Inc's Chinese joint venture is in talks for a merger with local e-commerce firm Kaola, which sells imported products in the Asian country, business magazine Caijing reported https://tech.sina.cn/i/gn/2019-02-19/detail-ihrfqzka7167698.d.html?from=wap on Tuesday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.