Hints and tips:
...NetEase is looking for growth overseas. Getting its titles to Microsoft’s Xbox and other gaming platforms is key. Microsoft needs NetEase too....
...Shares in rival NetEase were down more than 24 per cent in Hong Kong, setting up the company’s US stock for the steepest daily fall since its Wall Street debut in 2010....
...“NetEase did not put much market effort into it, and no one was expecting it to do this well,” she added....
...Rival NetEase rose about 10 per cent after closing the previous session down almost a quarter....
...Meanwhile, millions of players in China will test similar technology when NetEase, one of Asia’s largest games companies, launches Justice Mobile, a multiplayer title that features AI-powered characters....
...Tencent and NetEase shares have been hit, falling 6 per cent and 8 per cent, respectively, compared with immediately before last month’s announcement....
...In the void, NetEase launched Eggy Party, which it is now plotting to release to the global gaming market....
...“It is too early to say that miHoYo will surpass NetEase or Tencent....
...Blizzard is preparing for its Microsoft takeover and NetEase is focused on expanding globally,” she said....
...Investors must now price in greater political risk for NetEase....
...Charlie Chai, who covers NetEase for 86Research, said the sector was still under significant pressure....
...It will feature speakers from gaming groups Electronic Arts, 2K, VNG Corporation, NetEase Games and Homa....
...Shares in Tencent and NetEase fell sharply after authorities ordered the Chinese technology companies to pivot from focusing on profits in online gaming and on reports that Beijing had halted approvals for...
...NetEase did not immediately respond to a request for comment....
...The uncertainty has led to a surge in secondary listings of Chinese companies in Hong Kong in the last three years, including by Alibaba, JD.com and NetEase....
...Kotick says that Disney, NetEase, Sony and Tencent can be added to the list. He could leave on completion of this deal....
...Shares in leading Chinese game producers fell in Hong Kong on Tuesday, with Tencent and NetEase dropping 3.5 and 3.7 per cent, respectively....
...Gaming group NetEase debuted in Hong Kong last week after raising nearly $3bn, while ecommerce business JD.com, the ecommerce group, will begin trading in the city on Thursday following an offering to institutional...
...Other US-listed Chinese technology groups have been hit too: search-engine company Baidu has fallen 9 per cent, ecommerce giant Alibaba by 6 per cent, gaming group NetEase by 4 per cent, and so on....
...The arrival in Hong Kong of Bilibili and Baidu, which both trade on New York’s Nasdaq, followed similar secondary listings by Chinese internet groups including Alibaba, JD.com and NetEase....
...Baidu also joins a host of New York-listed Chinese tech companies, such as JD.com and NetEase, that have sought secondary placements closer to home....
...It could divert potential funds away from NetEase. Fortunately, NetEase does not need the cash. Healthy profits have roughly doubled its cash and equivalents since 2016 to $11bn at the end of March....
...JPMorgan, Credit Suisse and CICC are joint sponsors of the NetEase Hong Kong listing. All four companies declined to comment on the matter....
...NetEase and JD.com — another Chinese internet company — have for years traded exclusively in New York....
...NetEase raised almost $3bn in Hong Kong, while JD.com sold shares worth almost $4bn....
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