Netease Stock News

In one of the most volatile episodes in stock market history, investors early last year took the shares of a company called GameStop ( GME ) on a wild ride that few would have expected for a business that''s mostly a brick-and-mortar antique, the gaming version of a chain of video stores. Its shares went on an adventure that echoed the characteristics of the video games on its shelves: fantasy, violence and a romantic quest for justice and vengeance. SEE MORE The 12 Best Tech Stocks to Buy for 2022 In real life, however, GameStop has had a lousy year, losing money once again. But the rest of the gaming sector has taken up the mantle. It''s booming, becoming the backbone of the metaverse , a three-dimensional online environment that is likely the "next big thing" in consumer technology. In 2020, partly because the pandemic kept Americans indoors, gaming revenues exceeded those of movies and sports events combined. Global gaming sales in 2021 are estimated at $178 billion and projected to rise to $269 billion by 2025.

NTES earnings call for the period ending December 31, 2021.

NTES earnings call for the period ending December 31, 2021.

NetEase's (NTES) CEO William Ding on Q4 2021 Results - Earnings Call Transcript

NetEase Earnings, Revenue Beat in Q4

NetEase press release (NTES): Q4 Non-GAAP EPS of $1.58 beats by $0.52.Revenue of $3.8B (+23.3% Y/Y) misses by $20M.As of December 31, 2021, the Company''s total cash and…

NetEase (NASDAQ:NTES) is scheduled to announce Q4 earnings results on Thursday, February 24th, before market open.The consensus EPS Estimate is $1.06 (compared to $0.36 in year ago…

Hong Kong stocks fell to a two-week low amid concerns new regulations will hurt the outlook for corporate earnings as companies including HSBC, Alibaba Group Holding and NetEase prepare to issue their report cards.The Hang Seng Index retreated 0.6 per cent to 24,175.46 at 10.45am local time. The Tech Index declined 1.4 per cent, while the Shanghai Composite Index lost 0.4 per cent.Alibaba tumbled 2.8 per cent while Tencent slipped 2.7 per cent. Bourse operator Hong Kong Exchanges & Clearing

Tencent Holdings and NetEase will stand out in the race to the metaverse, as their large population of users and early investments in related infrastructure bode well for new businesses stemming from the web’s transformation into an immersive, three-dimensional online world, Credit Suisse said.China’s top internet and games publishers are among a list of 35 global stock picks identified in the Metaverse: a guide to the next gen internet report released this week by Credit Suisse. A relatively…

On Tuesday Feb. 15, Indian government sources said it had blocked access to 54 mobile apps with apparent links to China due to national security concerns, including Tencent’s Xriver, NetEase’s Onmyoji Arena, Astracraft, and Free Fire of Sea Ltd’s mobile game. Reuters reported that “Free Fire” is on India’s list of prohibited apps. Sea’s U.S.-listed […]

Next Generation, a startup focusing on AI-generated virtual humans, finished its Series A3 funding yesterday, with Sequoia China named as the exclusive investor in the round. Neither party revealed how much the Series A3 was worth. The company completed two rounds of funding last year, exceeding $10 million in total from investors NetEase, China Creation Ventures, Shunwei Capital, and The Arena Capital. At the same time, Next Generation has announced plans to make “VBS virtual human,” a new product which will focus on digital user identification and encouraging other companies to use its services to build new products for the metaverse, according to 36Kr. [ 36Kr, in Chinese ]

Next Generation, a startup focusing on AI-generated virtual humans, finished its Series A3 funding yesterday, with Sequoia China named as the exclusive investor in the round. Neither party revealed how much the Series A3 was worth. The company completed two rounds of funding last year, exceeding $10 million in total from investors NetEase, China Creation Ventures, Shunwei Capital, and The Arena Capital. At the same time, Next Generation has announced plans to make “VBS virtual human,” a new product which will focus on digital user identification and encouraging other companies to use its services to build new products for the metaverse, according to 36Kr.

India’s latest move to ban more Chinese apps points to worsening prospects for tech companies from China operating in the South Asian nation, analysts said.The Indian Ministry of Electronics and Information Technology has placed 54 Chinese-linked apps on its ban list citing security concerns, The Economic Times reported on Monday, including those owned by Chinese tech giants Tencent Holdings, NetEase, and South China Morning Post owner Alibaba Group Holding. They add to more than 200 Chinese…