NTES

NetEase, Inc. (NASDAQ: NTES) is a prominent Chinese Internet technology company, founded in 1997 and headquartered in Hangzhou, China. The company offers a wide range of online services, including:

• Online Gaming: Development and operation of popular PC and mobile games.
• Advertising Services: Providing advertising solutions across various platforms.
• Email Services: Offering free email services with a substantial user base.
• E-commerce Platforms: Operating platforms for online shopping and related services.

As of February 22, 2025, NetEase's stock (NTES) is trading at $103.22, reflecting a slight increase of 0.018% from the previous close. The stock's intraday high reached $104.20, with a low of $101.91, and a trading volume of approximately 1.5 million shares. In 2024, NetEase reported a revenue of ¥105.30 billion, marking a 1.77% increase compared to the previous year.

In recent developments, NetEase has been reassessing its investment strategies in Japan. According to a Bloomberg report, the company has significantly reduced its workforce at Ouka Studios, a Japanese game development studio established in 2020, due to underwhelming market performance. This move indicates a strategic shift as NetEase evaluates the effectiveness of its international investments.