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NetEase Newsroom
US stocks closed | The three major indices rose together, the Dow and S&P continued to hit historical highs; most large technology stocks rose, nvidia rose more than 2%, Tesla soared more than 38% in the month, the best performance in nearly two years
US stocks posted weekly gains of over 1%, with the Dow rising by 7.5% in November and the S&P up 5.7%, both achieving the best performance of the year. The Nasdaq accumulated an increase of over 6%, small-cap indices rose by nearly 11%, the chip index rose by 1.5% on Friday but declined monthly, and Tesla saw a monthly increase of over 38%, its best performance in nearly two years.
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 all employees in the Shenzhen company have been laid off: it is a routine adjustment for a single product, and many employees have already been transferred internally.
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.
JPMorgan raised netease (09999.HK) target price to 185 yuan, online gaming revenue is expected to accelerate again next year.
JPMorgan released a research report stating that Netease-S (09999.HK) stock price has increased by about 8% this month, outperforming the performance of Chinese internet stocks during the same period. It is believed to be due to better-than-expected third-quarter gaming business revenue, and investors shifting to defensive digital entertainment stocks in the face of macroeconomic uncertainty to seek profit growth. In response to the strong performance of the gaming business, JPMorgan continues to list Netease as the preferred stock in the digital entertainment sector, raising the target price from 170 yuan to 185 yuan, expecting returns from the comeback of Blizzard games, as well as new games such as the global version of 'Marvel Duel', 'Yanyun Shiliusheng', 'Fragpunk'.
[Brokerage Focus] Bocom Intl: Bullish on the easing competition and steady performance of OTA/local life in 2025.
Bocom Intl released the 2025 outlook for the internet industry, with new policies progressing one after another, the stimulating effect on online and offline consumption may be reflected the fastest. Bullish on internet trading platforms, relatively essential and rapidly stimulating consumer categories, as well as the software industry benefiting from AI empowerment and recovery in semiconductor innovation. It is recommended to focus on core business steady growth, improvement in profitability, and valuation repair opportunities brought by high shareholder returns. The bank is optimistic about the competition easing and sustained performance stability in OTA/local lifestyle, with significant valuation repair opportunities in e-commerce > education > gaming > software. OTA: Mainland hotel ADR pressure easing, outbound business.
J.P. Morgan Maintains NetEase(NTES.US) With Buy Rating, Raises Target Price to $120
Zhou Hongyi: In the era of AI, internet plus-related companies are no longer the main characters; traditional enterprises are.
On the evening of November 28, at the 'Shanxi Night' event of the 2024 World Zhejiang Merchants Conference, Zhou Hongyi, founder, director, and CEO of 360 Group, was invited to introduce Linfen, shanxi. Zhou Hongyi pointed out that in the AI era, entering the second half of digitalization or the second half of the internet, internet companies are no longer the protagonists, the real protagonists are traditional enterprises. Therefore, for cities like Linfen, shanxi, the biggest temptation for digital enterprises is the presence of a large number of traditional enterprises, such as coking steel, which have a lot of room for digital transformation. Zhou Hongyi emphasized that in china, large-scale models need to be done well.
Express News | jpmorgan: raised netease's target price from $110 to $120.
Express News | NetEase Inc : JP Morgan Raises Target Price to $120 From $110
Netease gaming's Worlds Untold studio has suspended operations.
Netease's gaming studio Worlds Untold announced the suspension of operations, which is expected to impact Netease's overseas expansion plans. Founded by "Mass Effect" series writer Mac Walters in November 2023, the studio is developing a near-future action-adventure game set in a "magnificent world full of mystery and exploration". According to Mac Walters on LinkedIn, the team has made a difficult decision to seek new partners to realize their vision. He also emphasized that this is not a hasty decision, and the entire team is committed to it.
Sensor Tower: In October, 34 china mobile game developers made it into the global revenue TOP100, generating a total of $1.85 billion.
According to Sensor Tower's app store intelligence platform, in October, 34 chinese manufacturers made it into the global mobile game publisher revenue list TOP100, collectively earning 1.85 billion USD, accounting for 35.6% of the revenue of the global TOP100 mobile game publishers. In late October, netease (09999.HK) mobile game "Nirvana in Fire" had a version update, resulting in a month-on-month revenue growth of 15%. Meanwhile, netease's other mobile game "Knives Out" launched numerous significant benefits during its 7th anniversary celebration, driving a 26% increase in revenue, leading to a month-on-month revenue growth of 2% for netease's mobile games, maintaining a stable position in china's mobile game publishing.
netease is in a challenging autumn.
Both games and music are in trouble.
Hong Kong stocks are moving | The index of Hengke has expanded its increase to over 3%, with all network technology stocks rising. Meituan-W (03690) is up nearly 7%.
The Heng Science Index expanded by over 3%, with regards to the component stocks, network technology stocks rose across the board today, with Meituan-W (03690) up 6.7%, closing at 175.3 Hong Kong dollars; jd.com Group-SW (09618) increased by 4.42%, closing at 141.8 Hong Kong dollars.
Sensor Tower: "Honor of Kings" crowned global mobile game revenue champion in October, with monthly income increasing by 10% month-on-month.
According to Sensor Tower's "App Performance Insights" data, Tencent's (00700) "Honor of Kings" claimed the title of global mobile game revenue champion in October 2024, with a month-on-month income growth of 10%, mainly driven by the application stores in china.
NetEase To Go Ex-Dividend On November 29th, 2024 With 0.435 USD Dividend Per Share
November 26th (Eastern Time) - $NetEase(NTES.US)$ is trading ex-dividend on November 29th, 2024.Shareholders of record on November 29th, 2024 will receive 0.435 USD dividend per share on December 13