NetEase (NTES) stock rose Thursday, though the Chinese online gaming company continues to have trouble gaining traction with mobile games. The company late Wednesday posted a Q2 earnings beat, with revenue growth driven by nongaming segments. NetEase was up more than 1.5% in afternoon trading in the stock market today, near 85.50 and just shy of the company’s all-time high of 86.75, which it hit on July 29. NetEase stock is up nearly 35% in the
Chinese online-games maker NetEase (NTES) said Wednesday it’s adding the U.S. to its international expansion plans. NetEase launched an overseas expansion in the second half of 2013, making its games available in South Korea, Vietnam and Thailand. The Guangzhou, China-based company says in a Tuesday press release it plans to “internationally recruit a large number of top professionals,” but didn’t specify whether any of those hires would be in
Chinese Web portal NetEase in Q4 continued its investment in mobile gaming and started expanding outside China, but it hasn’t gained much traction with either effort. The company, long a leader in desktop gaming, launched its first three mobile games in 2013. But sales of those games have yet to offset its slowing PC gaming business, and NetEase (NTES) late Wednesday missed Wall Street’s revenue expectations for Q4. The company said sales