Netease Stock Price, News & Analysis

NetEase, Inc. launched Diablo Immortal in China on July 25, 2022, for iOS and Android platforms. This highly anticipated action role-playing game, co-developed with Blizzard Entertainment, achieved significant global success, topping app download charts upon its initial release on June 2. NetEase, recognized for its premium mobile and PC games, showcased its technological prowess with the game leveraging its Messiah 3D engine for high-quality visuals. The company continues to expand its presence in both domestic and international markets, partnering with leading developers to deliver exceptional gaming experiences.

Cloud Village Inc. (HKEX: 9899), known as NetEase Cloud Music, has signed a licensing agreement with YG Entertainment Inc. to distribute its music catalog in China. This includes popular K-Pop groups like BIGBANG and BLACKPINK. The collaboration aims to enhance offerings on NetEase Cloud Music, appealing to China's younger audience. The company has previously partnered with other key labels, indicating a strong strategy to broaden its music portfolio. This agreement reinforces NetEase's commitment to providing quality music content and fostering artist-fan connections.

NetEase Games has launched a new AAA studio named Jar of Sparks, based in Seattle. The studio, headed by industry veteran Jerry Hook, aims to create innovative narrative-driven action games. It includes a team of seasoned creators from franchises such as Halo and Batman: Arkham. The studio's mission focuses on building immersive worlds and new franchises while prioritizing a collaborative team culture. The initiative aligns with NetEase's commitment to supporting global game development and creativity in the gaming industry.

NetEase (NASDAQ: NTES) has announced a partnership with the French Football Federation and the Argentine Football Association to provide exclusive online media content for the 2022 World Cup in China. NetEase Media will offer unique interactive content, including video chats with players and documentaries featuring famous athletes like Lionel Messi. This marks the third consecutive World Cup collaboration for NetEase, which previously attracted over 1.5 billion page views during the 2018 tournament. NetEase continues to strengthen its position in sports media by leveraging its extensive online platforms.

NetEase (NASDAQ: NTES) announced the appointment of Grace Hui Tang as an independent director, effective July 1, 2022. With this addition, the board will have six members, five of whom are independent and two female. Tang will chair the audit, compensation, and nominating committees while serving on the environmental, social, and governance committee. She brings over 30 years of experience from PricewaterhouseCoopers and is currently a professor at Peking University. CEO William Ding expressed confidence that Tang's expertise will enhance corporate governance and support NetEase's growth strategy.

Cloud Village Inc. (HKEX: 9899), known as NetEase Cloud Music, has signed a music licensing agreement with TF Entertainment, enhancing its music catalog with artists like TFBOYS and TNT. This partnership aims to promote artists and strengthen the platform's appeal among younger audiences. NetEase Cloud Music's interactive and highly engaged user base is a key asset, highlighted by the success of the TFBOYS concert, which attracted 786,000 peak viewers. The company continues to expand its content library to cater to evolving tastes in China's music scene.

NetEase Games has appointed Emile Liang as Lead Producer for its Montréal Studio, enhancing its strategic growth in the global market. With over 20 years in the game industry, including a notable tenure at Ubisoft, Liang has worked on acclaimed titles like Far Cry 6. His experience will bolster the studio's efforts to develop triple-A games aimed at North America and beyond. This appointment follows other significant moves, including the launch of Nagoshi Studio in Japan and Jackalope Games in America.

NetEase (NTES) announced the launch of NARAKA: BLADEPOINT for Xbox Series X|S and Windows PC, available on June 23, 2022, with pre-orders starting today. This action-combat game, which has garnered over 10 million players since its PC release last August, marks the company’s entry into the global console market. Developed by NetEase, this partnership with Xbox aims to reach a broader audience, showcasing the game's unique Eastern aesthetics. This announcement was made during the Xbox & Bethesda Games Showcase 2022, highlighting NetEase's strategic growth in international gaming.

Cloud Village Inc. (HKEX: 9899), known as NetEase Cloud Music, has signed a licensing agreement with South Korea's SM Entertainment, allowing the distribution of SM's extensive music catalog. This partnership aims to enhance the promotion of K-Pop artists and deliver quality music content to Chinese fans, particularly the youth. NetEase Cloud Music has previously collaborated with major labels, indicating a robust expansion strategy. This agreement is expected to foster deeper cooperation in the music industry and strengthen NetEase's competitive position in China's streaming market.