China Web portal and video game firm NetEase offers some of the most popular online games in China, including U.S.-based Activision Blizzard’s titles “World of Warcraft” and “StarCraft II.” NetEase (NTES) recently made the switch to developing mobile games, as revenue from video games played on mobile devices is expected to rise to $45 billion in 2018, from $29 billion this year, according to a May report from mobile-Internet advisor Digi-Capital.
China-based gaming company and Web portal NetEase (NTES) announced on Friday that it will enter the online travel business when its Lede Technology subsidiary forms an Internet travel firm through a joint venture with China’s HNA Group. HNA Group manages airports and is involved in financial services, logistics, aviation, hotel management and other areas. Lede Technology will provide technical and marketing support to the Internet travel joint
Three IBD 50 stocks are hitting new highs in the stock market today : Valeant Pharmaceuticals (VRX), Regeneron Pharmaceuticals (REGN) and NetEase (NTES). A Goldman Sachs report issued Thursday includes Valeant in the top 5 hedge fund long positions, along with Actavis (ACT), Apple (AAPL), Facebook (FB) and Microsoft (MSFT). And reports said Wednesday that Valeant is in advanced talks to buy Egyptian drugmaker Amoun Pharma. Valeant climbed 2.2% in