TOPIC

/ company

NetEase

NetEase is the second-largest online gaming firm in China, behind only Tencent. It develops both online PC and mobile games, including flagship titles such as Justice and Fantasy Westward Journey, two Chinese online role-playing games; and Eggy Party, a mobile casual party game. The company has also signed a deal with Blizzard to bring World of Warcraft to China. NetEase also operates NetEase Cloud Music, a music streaming service with more than 200 million active users.

Chairman / President

Ding Lei

CEO / Managing Director

Ding Lei

CFO / Finance Director

Li Ying

Industry

Internet, Online Services, Gaming

Website

netease.com

Headquarters address

NetEase Building, No. 599 Wangshang Road, Binjiang District, Hangzhou, Zhejiang, China

Stock Code

NASDAQ:NTES
SEHK:9999

Year founded

1997

last updated:

30 September, 2024

NetEase

China’s esports industry returns to growth in 2024 as Tencent, NetEase expand overseas

The growth is testament to how China’s esports industry has become a booming business, with local clubs making an impact on the global arena.

Alibaba entertainment group head regrets belittling video-gaming unit, Cantonese

NetEase cuts jobs in Shenzhen as first-person shooting game ‘underperforms’

British man finds fame in China after revealing gruelling 996 work schedule

A British man’s social media posts went viral after he revealed his gruelling work schedule at a video game maker in Guangzhou.

China approves 109 video games in September as Wukong fever remains high

China’s video game regulator has approved an average of 107 titles per month this year, as gamers question whether Black Myth: Wukong marks a turning point.

Chinese esports firm launches multi-title tournament in Asia with Saudi backing

The Esports Asian Champions League from Tencent-backed VSPO will start next year with seven to 10 undisclosed titles.

China approves 117 video games, the most in 2024, amid Black Myth: Wukong mania

The National Press and Publication Administration has licensed a total of 850 domestic titles in the first eight months of this year, compared with 609 in the same period in 2023.

Tencent, NetEase rethink Japan investments as Wukong shines

Chinese gaming giants are reconsidering their spending in Japanese studios amid a revival in the Chinese market, led by the summer hit Black Myth: Wukong.

Wukong video game’s low-profile developer now in the spotlight

A former Tencent game designer started Game Science a decade ago with a dream of creating a Chinese AAA title, which has now come true.

Outage of Microsoft Office alternative disrupts work day in China

WPS Office, developed by Kingsoft, was down for hours on Wednesday, frustrating users across the country.

NetEase’s music-streaming service goes down for 2 hours in China

NetEase Cloud Music, a subsidiary of China’s second-largest video gaming company, started offering error messages in place of tunes on Monday afternoon.

Tencent, NetEase win big with Rainbow Six and Marvel video game approvals in China

China’s two largest video game companies were the big winners in August’s 15 approved imported titles, which includes Mario and Final Fantasy games.

Huawei steals spotlight at ChinaJoy as HarmonyOS Next promotion entices gamers

At ChinaJoy, telecommunications equipment giant Huawei unveiled more than 40 video games that can run on the next version of its mobile operating system.

Alibaba, JD.com convertible bond sales may spur other Chinese tech giants

Meituan, Tencent, NetEase and PDD Holdings are potential candidates to sell convertibles, according to UOB Kay Hian analyst Julia Pan.

NetEase unveils updates on more than 10 new titles, led by Where Winds Meet

The latest product announcements by NetEase reflect heightened competition in the world’s second-largest video gaming market, where tech giant Tencent continues to lead.

Tencent, NetEase to release new titles back to back in sign of intensified rivalry

Chinese tech giants Tencent and NetEase announced back-to-back new title releases, in a sign of intensified competition among the country’s top two video gaming publishers.

Alibaba subsidiary Lingxi Games shuts down game engine project

Lingxi Games has discontinued its Ant Engine project, as parent Alibaba pares down investment in its non-core businesses.

China approves 95 video games in April, including new Sony and NetEase titles

This was the smallest batch of video games approved so far this year by regulator the National Press and Publication Administration.

Microsoft’s Blizzard resumes NetEase partnership after bitter break-up

Blizzard Entertainment is resuming its partnership with NetEase under its new owner Microsoft, marking a revival of a long running US-China video game pact that had an acrimonious break-up over a year ago.

Blizzard and NetEase to make up this week, bring hit games back to China

The US gaming giant behind the popular Warcraft and Diablo series and long-time partner NetEase are expected to announce a new deal on Wednesday.

World of Warcraft video game developer Blizzard to return to China soon: report

Blizzard is preparing to return to the Chinese video games market in the coming weeks after renewing partnership with NetEase, according to local media report.

Black Myth: Wukong among China’s latest batch of approved video games

China grants licences to more than 100 new domestic titles, giving the industry another confidence boost after a video-game-related stock rout in December.

Beijing approves Dungeon & Fighter Mobile, giving Tencent a boost

China has approved a new batch of foreign video games on Friday, including hit title Dungeon & Fighter Mobile, as Beijing seeks to reassure the market after scrapping a controversial gaming regulation.

Tencent chairman Pony Ma sets confident tone for internet giant in 2024

The Shenzhen-based internet giant must find new lifelines in its video gaming and social media operations, Ma told employees at the firm’s annual meeting.

China approves 115 video games for January, signalling support after market rout

The 115 video game approvals tops the 105 approved in December as Beijing seeks to signal support for the industry after scrapping controversial new rules.

China convenes Huawei, Tencent, Baidu to draft metaverse standards

The newly formed working group is tasked with building, maintaining and promoting metaverse industry standards, China’s technology regulator says.

Will China’s video gaming industry return to having fun in 2024?

Althiough 2023 ended with a market rout, many analysts expect more overseas opportunities for Chinese video game developers in 2024, helped by quality titles.

Huawei’s HarmonyOS tipped to beat Apple’s iOS in China in 2024: TechInsights

TechInsights expects HarmonyOS to take share from both Google’s Android and Apple’s iOS in China in 2024, driven by Huawei’s return to 5G smartphone segment.