NetEase In ‘Risky’ Territory With New E-Com Venture

By | August 13, 2015

Scalper1 News

NetEase (NTES) stock tumbled Thursday after the China-based gaming and Internet company reported lower profit margins from some of its newer operations and experienced fallout from the temporary suspension of sales of some lottery products. NetEase stock was down 6% in early afternoon trading in the stock market today, near 132.50. NetEase stock is down 14% from its all-time high of 154.88 brushed in June. NetEase posted declines in the gross Scalper1 News

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