Welcome to our dedicated page for Netease news (Ticker: NTES), a resource for investors and traders seeking the latest updates and insights on Netease stock.
NetEase, Inc. reports developments as a foreign issuer and ADR company with securities traded on Nasdaq and the Hong Kong Stock Exchange. The company is an internet and game services provider centered on premium content, with a gaming ecosystem spanning mobile, PC and console titles in China and global markets.
Recurring news covers quarterly and annual financial results, game and value-added services revenue drivers, annual Form 20-F reporting, and updates involving majority-controlled subsidiaries. These include Youdao, which provides AI-powered learning and advertising solutions, NetEase Cloud Music, an online music platform with a content community, and Yanxuan, NetEase's private-label consumer lifestyle brand.
IMVU Inc. has secured over $35 million in a strategic investment led by Structural Capital and NetEase, aimed at enhancing product development and expanding its growing business. This funding supports the rebranding of IMVU as Together Labs, which emphasizes authentic human connections in virtual spaces. The company experienced significant growth in 2020, boasting over 7 million monthly active users and the launch of VCOIN, enabling users to engage in peer-to-peer transactions. Together Labs is poised for further growth with the upcoming WithMe platform.
NetEase reported its third-quarter financial results for 2020, showcasing robust growth with net revenues of RMB18.7 billion (US$2.7 billion), a 27.5% increase year-over-year. Online game services contributed RMB13.9 billion (US$2.0 billion), marking a 20.2% year-over-year rise. Youdao's revenues soared 159% to RMB896 million (US$132 million). However, total operating expenses rose by 54.7% to RMB7.0 billion (US$1.0 billion), impacting net income, which fell to RMB3.0 billion (US$441.6 million) from RMB4.5 billion in the previous quarter. The company announced a dividend of US$0.195 per ADS.
NetEase, Inc. (NASDAQ: NTES) will announce its financial results for the third quarter of 2020 on November 19, prior to U.S. market opening. A conference call for discussion and Q&A will follow at 7:00 a.m. Eastern Time on the same day. Interested participants can join by calling 1-646-828-8143 with conference ID 5158324. The live webcast and call replay will be accessible on NetEase's Investor Relations site for 12 months. The company is recognized for providing diverse online services and operates popular games in China and internationally.
NetEase (NASDAQ: NTES) has launched the sale of Kweichow Moutai's 53% ABV Feitian Moutai on its e-commerce platform, Yanxuan, for RMB1,499 (approx. US$220). This marks a key step in their strategic partnership, enhancing access for younger consumers. Kweichow Moutai, valued at approximately US$300 billion, aims to reach a broader audience through NetEase's marketing capabilities. Both companies plan to expand their collaboration beyond this initial product offering.
NetEase, Inc. (NASDAQ: NTES) announced a ratio change for its American Depositary Shares (ADSs), shifting from 1 ADS for every 25 ordinary shares to 1 ADS for every 5 ordinary shares. This will operate similarly to a five-for-one ADS split. Existing ADS holders will receive four additional ADSs for each ADS held by the close of business on September 30, 2020, effective October 1, 2020. The trading price adjustment is expected to be reflected on the NASDAQ Global Select Market on October 2, 2020. No action is needed from ADS holders, and there will be no change to the ordinary shares.
NetEase, Inc. (NASDAQ: NTES) reported strong second-quarter 2020 results, with net revenues rising by 25.9% to RMB18.2 billion (US$2.6 billion) year-over-year.
Online game services generated RMB13.8 billion (US$2.0 billion), a 20.9% increase. Youdao's revenues surged by 93.1% to RMB623.3 million (US$88.2 million).
Gross profit rose by 26.6% to RMB9.8 billion (US$1.4 billion), despite operating expenses increasing by 40.1% to RMB5.6 billion (US$795.8 million).
Net income was RMB4.5 billion (US$642.3 million), with a basic EPS of US$4.95.
NetEase, Inc. (NASDAQ: NTES) announced it will release its financial results for the second quarter of 2020 on August 13, 2020, before U.S. market opening. A teleconference will be held at 7:30 a.m. ET on the same day, featuring management discussing the results and fielding questions. Interested participants can join by calling provided numbers or accessing the live webcast. The earnings report will reflect NetEase's ongoing performance as a leading internet technology company in China, known for its diverse online services.
Summary not available.