Tag Archives: ntes

China Gaming Giant NetEase Sets Up Shop In U.S.

Chinese gaming and Internet company NetEase (NTES) announced Tuesday it has established a North American headquarters focused on creating new mobile games for Western audiences. Beijing-based NetEase, which licenses Activision Blizzard ‘s (ATVI) “World of Warcraft” in China, said its North American division is based in Silicon Valley’s Redwood Shores, Calif. It also said it already has numerous games planned for release this year for customers in

NetEase Q4 Tops Views, Spurred By E-Commerce, Mobile

Shares of Chinese gaming and Internet company NetEase (NTES) rose Tuesday after the company late Monday reported Q4 earnings and revenue that topped Wall Street expectations, as mobile gaming, e-commerce and ad sales gained steam. NetEase’ Q4 revenue jumped 42.5% year-over-year to $593.7 million. The Beijing-based Web portal said earnings per American depositary share excluding items was $1.56, up 2%. Analysts surveyed by Thomson Reuters were

NetEase Q4 Earnings, Sales Beat Expectations

After hours, NetEase (NTES) reported quarterly results that topped expectations. For all the details on the Chinese online gaming company’s earnings, plus chart analysis, check out this video. Follow Alissa Williams on Twitter: @IBD_AWilliams.