2 days ago - seekingalpha.com

NetEase's valuation contractions stem from lower growth expectations, but near-term alpha is possible if valuation multiple contractions are overextended. Regulatory pressures, economic conditions, and maturing game franchises impact revenue and EPS growth; strategic international expansion aims to offset these challenges. Despite short-term obstacles, the long-term strategy could yield higher-than-expected growth rates if well-executed; my 6-12 month price target suggests a 16.85% potential upside.

3 weeks ago - investorplace.com

The best Chinese stocks are in prime position for a rebound later this year. Ray Dalio, the billionaire behind the world's largest hedge fund, recently discussed the attractiveness of Chinese stocks amidst market uncertainty.

1 month ago - seekingalpha.com

NetEase, Inc. (NASDAQ:NTES ) Q1 2024 Earnings Conference Call May 23, 2024 7:00 AM ET Company Participants Brandi Piacente - President, Piacente Financial Communications Bill Pang - VP, Corporate Development Conference Call Participants Felix Liu - UBS Lei Zhang - Bank of America Securities Lincoln Kong - Goldman Sachs Ritchie Sun - HSBC Xueqing Zhang - CICC Thomas Chong - Jefferies Jialong Shi - Nomura Alex Poon - Morgan Stanley Daniel Chen - JPMorgan Operator Good day, and welcome to the NetEase 2024 First Quarter Earnings Conference Call. Today's conference is being recorded.

1 month ago - prnewswire.com

HANGZHOU, China , May 23, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Total net revenues were RMB1.4 billion (US$192.8 million), representing a 19.7% increase from the same period in 2023.

1 month ago - prnewswire.com

HANGZHOU, China , May 23, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the first quarter ended March 31, 2024. First  Quarter 202 4  Financial Highlights Net revenues were RMB26.9 billion (US$3.7 billion), an increase of 7.2% compared with the first quarter of 2023.

1 month ago - prnewswire.com

HANGZHOU, China , May 20, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced an exciting product lineup, content reveals and plans for over 40 game franchises and products at its annual product launch event on May 20. The 120-minute online event showcased an array of NetEase's vibrant and diversified gaming offerings across genres and platforms.

1 month ago - prnewswire.com

HANGZHOU, China , May 13, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced that it has entered into a licensing agreement for digital music distribution ("the Agreement") with Kakao Entertainment Corp. ("Kakao Entertainment"), a leading entertainment company in South Korea, granting NetEase Cloud Music the right to distribute Kakao Entertainment's music catalog in China. Under the terms of the Agreement, the two companies will engage in diverse approaches to unlock more opportunities for Kakao Entertainment's vast and influential catalog as well as its prominent artists to effectively build influence among younger generation users in China.

2 months ago - prnewswire.com

HANGZHOU, China , May 6, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its first quarter 2024 financial results on Thursday, May 23, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 6:00 a.m.

2 months ago - prnewswire.com

HANGZHOU, China , April 29, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced that it has entered into a licensing agreement for digital music distribution ("the Agreement") with JYP ENTERTAINMENT Corp. ("JYP Entertainment"), a leading entertainment company in South Korea, granting NetEase Cloud Music the right to distribute JYP Entertainment's music catalog in China. Under the terms of the Agreement, the two companies will leverage their musical prowess to jointly promote the presence of fan-favorite K-Pop artists from JYP Entertainment's catalog and bring more high-quality music to Chinese music lovers.

2 months ago - prnewswire.com

HANGZHOU, China , April 25, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced that the Company had filed its annual report on Form 20-F for the full year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The annual report is available on the Company's investor relations website at ir.youdao.com and on the SEC's website at www.sec.gov.

2 months ago - investopedia.com

Microsoft (MSFT) and NetEase (NTES) announced a renewed publishing deal that would bring "World of Warcraft" and other popular video games back to China.

2 months ago - reuters.com

Chinese video games giant NetEase said it is working with Microsoft to bring popular games including "World of Warcraft" back to the country after a public fallout that ended a decade-long partnership in 2023.

2 months ago - businesswire.com

IRVINE, Calif. & REDMOND, Wash. & HANGZHOU, China--(BUSINESS WIRE)--Beloved video game titles from Blizzard Entertainment that captivated millions of players in China will return to the market sequentially, beginning this summer, under a renewed publishing deal Blizzard Entertainment, Microsoft Gaming, and NetEase (NASDAQ: NTES and HKEX: 9999) announced today. After continuing discussions over the past year, both Blizzard Entertainment and NetEase are thrilled to align on a path forward to once.

3 months ago - investorplace.com

As the Chinese economy continues to rebound, investors are searching for the best Chinese stocks to buy in April. Despite recent geopolitical tensions, China remains a powerhouse of economic activity.

3 months ago - zacks.com

Growing dividend payouts reflect a company's successful nature, opting to share a growing portion of profits with shareholders.

4 months ago - seekingalpha.com

NetEase, Inc. (NTES) Q4 2023 Earnings Call Transcript

4 months ago - prnewswire.com

HANGZHOU, China , Feb. 29, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, today announced its financial results for the fiscal year 2023 ended December 31, 2023. Summary of Key Financial and Operating Metrics  (RMB in thousands, unless otherwise stated) Year ended 31 December 2023 2022       (Unaudited) (Unaudited) Financial Metrics Revenue 7,866,992 8,992,221 Gross profit 2,102,670 1,293,118 Profit/(Loss) before income tax 767,679 (204,479) Profit/(Loss) for the year 734,182 (221,494) Non-IFRS measure: Adjusted net profit/(loss) (1) 818,500 (114,573) Operating Metrics Online music services -MAUs (million) 205.9 189.4 -Monthly paying users (thousand) 44,120.0 38,267.1 -Monthly ARPPU (RMB) 6.9 6.6 Social entertainment services -Monthly paying users (thousand) 1,602.9 1,332.3 -Monthly ARPPU (RMB) 178.6 326.0 Fiscal Year 2023  Key Financial and Operating Highlights Revenue was RMB7.9 billion, a decrease of 12.5% compared with RMB9.0 billion in 2022.

4 months ago - prnewswire.com

HANGZHOU, China , Feb. 29, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Total net revenues were RMB1.5 billion (US$208.5 million), representing a 1.8% increase from the same period in 2022.

4 months ago - zacks.com

NetEase's (NTES) Q4 results are expected to benefit from the new additions to its gaming portfolio, which have driven user growth.

4 months ago - seekingalpha.com

NetEase is expected to report decent full-year results, with improved operational efficiency and successful game releases. The company has a strong financial position with a large cash reserve and minimal debt. Revenues have been mixed, but margin expansions and improved ROA and ROE indicate positive performance.

4 months ago - seekingalpha.com

Since its launch in 1969, the Hang Seng has always risen in the dragon years, with gains averaging around 14%. But any rally this time could be hampered by uncertainties over the U.S. presidential election and interest rate policy.

5 months ago - prnewswire.com

HANGZHOU, China , Feb. 7, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899 or the "Company"), a well-known online music platform featuring a vibrant content community, today announced that it will report its financial results for the fiscal year of 2023 ended December 31, 2023 on Thursday, February 29, 2024, after the Hong Kong market closes. The Company's management will host an earnings conference call at 7:00 p.m.

5 months ago - prnewswire.com

HANGZHOU, China , Feb. 7, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its fourth quarter and fiscal year 2023 financial results on Thursday, February 29, 2024, before the open of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 5:00 a.m.

5 months ago - investorplace.com

2023 was rough for the video gaming industry; the sector slowed from industry-wide layoffs to stagnant consumer demand. However, the start of 2024 brings a new dawn for gamers as exciting gaming events, like the New York Game Awards and the “oh so cool” CES 2024, spice up gamers' appetite for upcoming title announcements and cool tech.