Tag Archives: ntes

Sina Weibo Use Down Amid Chinese Government Crackdown

Sina’s (SINA) Weibo microblogging site lost users in 2013 amid a government crackdown, says a government report that sent China tech stocks lower on Friday. Sina stock was down 6% in midday trading in the stock market today, more than the other China microblog operators traded in the U.S. Sohu.com (SOHU), Baidu (BIDU) and NetEase (NTES) stocks were all down more than 1%. “We believe tight government oversight will stay for the mid to long term,”

NetEase Works On Mobile Games, As Baidu, Qihoo Lurk

As mobile gaming sales spike in China, NetEase — which had much success with PC gaming — has yet to produce the types of casual games that attract handset players. NetEase (NTES) late Wednesday reported third-quarter results below analyst views, saying revenue from its flagship PC game “World of Warcraft” had fallen. The company has an exclusive Chinese license for that game, which is made by U.S. firm Activision Blizzard (ATVI), and it’s long

NetEase Sees Decline In ‘World of Warcraft’ Users

NetEase (NTES) stock fell Thursday after the company missed Wall Street’s expectations as its popular licensed “World of Warcraft” game attracted fewer users. The Beijing-based company late Wednesday reported Q3 revenue excluding some taxes of $385.1 million, up 21% from the year-earlier quarter. But that missed the consensus view of $394.3 million, according to analysts polled by Thomson Reuters. EPS climbed 34% to $1.31, missing the $1.34 Wall