NetEase Inc
NASDAQ:NTES

  • LAST PRICE
    93.0400
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    96.0100/ 1
  • Ask / Lots
    96.3000/ 2
  • Open / Previous Close
    0.0000 / 93.0400
  • Day Range
    ---
  • 52 Week Range
    81.3000
    118.8950
  • Volume
    10,894

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  • Today

  • Yesterday

      Show headlines and story abstract

    • 9 hours ago by Dow Jones
      Companies Mentioned: TCEHY, NTES

      0322 GMT - Chinese gaming regulator's approval of 104 new games in June reassures the normalization of game regulation and approval process, Citi analysts Alicia Yap and Nelson Cheung say in a research note. The list includes Tencent's "Roco Kingdom", G-Bits's "Dao You Lai Wa Bao." The regulator also notes the addition of a mobile version of "The Epic of Tia" by NetEase. Based on the number of games approved so far, Citi estimates that between 1,200-1,400 games could be approved this year. While weak consumer sentiment could affect in-game spending ability, the digital entertainment content could still show a relatively defensive revenue stream, they say. Tencent's shares are down 0.8% at HK$378.80 while NetEase's shares are up 3.8% at HK$147.30. (sherry.qin@wsj.com)

  • Jun 19, 2024

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    • 10:13PM ET on Wednesday Jun 19, 2024 by Dow Jones
      Companies Mentioned: TCEHY, NTES

      0213 GMT - Huawei's potential fee shakeup could be a win for Chinese game developers, Morningstar analyst Ivan Su says in a research note. Huawei might lower its app store commission fee to 20% from the typical 30% for game developers and it is also nearing a deal to exempt Tencent's WeChat from paying any app store fees, according to a media report. The lower commission fee could "represent a first step to a significant margin bump for all China mobile game companies," the analyst says. Tencent could see its annual earnings up about 15% and NetEase rising more than 20%, Su says. Although the Huawei HarmonyOS mobile operating system currently has a small share of the smartphone market in China, the potential fee cut could pressure other mobile app platforms to follow suit, he adds. (sherry.qin@wsj.com)

    • 4:24AM ET on Wednesday Jun 19, 2024 by Dow Jones
      Companies Mentioned: NTES

      0824 GMT - NetEase's share-price decline following changes to the virtual economy system in massively multiplayer online role-playing game "Fantasy Westward Journey," looks overdone, Jefferies analysts Thomas Chong and Zoey Cong say in a research note. The company's Hong Kong-listed shares have fallen 8.2% since the change was made in late May. Jefferies notes that the game's daily active users have remained steady before and after the changes, and concerns over sequential softness in 2Q is overdone. The bank keeps a buy rating with a target of US$129.00 on the ADRs, which last closed at US$90.63. The Hong Kong-listed shares are 3.4% higher at HK$145.50. (tracy.qu@wsj.com)

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