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Express News | Netease responds to the layoffs in the Shenzhen gaming department: the adjustments are primarily routine for a single product.
Express News | netease's team behind "Operation Dawn" has been optimized, operating for only 4 months in the domestic market and was once embroiled in a plagiarism scandal.
Netease denies rumors of complete layoffs at its Shenzhen company.
Regarding the recent rumors circulating about netease-S (09999.HK)(NTES.US) laying off all employees in Shenzhen, stating "none will be retained" and primarily affecting the gaming business department, concerning the specifics of the layoffs, according to reports from The Paper citing sources close to netease, this adjustment was made several months ago and is a routine adjustment related to a single product, with many colleagues having already transferred to other products. The individual also stated that the rumors of all employees being laid off are definitely false.
Transmission of netease Shenzhen's entire layoffs. Relevant individuals responded: it's false, it's an adjustment from a few months ago.
Sina Technology News, at noon on November 29, there were online reports that all employees in Netease's Shenzhen office were laid off, 'not leaving a single person in the game department.' In response, a person close to Netease stated, 'This was an adjustment made several months ago, a routine adjustment for a single product. Many colleagues have already transferred to other products. The idea of all employees being laid off is definitely false.'
Express News | Netease denies that its Shenzhen company has laid off all employees: it is a routine adjustment for individual products, and many employees have been transferred internally.
Morgan Stanley: Maintains netease-S (09999) "shareholding" rating, target price raised to 185 Hong Kong dollars.
J.P. Morgan continues to list netease as the top pick in the digital entertainment sector.