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NetEase Newsroom
Express News | According to reports, netease has launched "Netease Little Bee" to compete with Xiaohongshu.
NetEase, Inc. Goes Ex Dividend Tomorrow
Netease (09999.HK) is partnering with XCMG Group to establish a strategic collaboration.
Netease-S (09999.HK) (NTES.US) announced a strategic cooperation agreement with XCMG Group, planning to further deepen cooperation in the intelligent and unmanned fields of construction machinery. Liu Jie, Vice President of Netease, stated that through this cooperation, Netease will apply the AI capabilities and embodied intelligence (Embodied AI) accumulated in the gaming virtual world to the field of construction machinery, jointly promoting the upgrade of the construction machinery intelligence industry with XCMG Group. Both parties expect to deepen their efforts in the intelligent field, focusing on "AI + construction machinery", "AI + construction equipment", and so on.
Netease-S (09999.HK): Q3 performance hits bottom, buybacks accelerate, a turning point may be approaching.
According to the financial report, NetEase's 3Q24 revenue was 26.21 billion, YoY -4%; operating profit was 7.15 billion, YoY -5%; adjusted net income was 7.5 billion, YoY -13%. The performance pressure is mainly due to the high base effect of the same period last year, the fewer new products in the first three quarters, and the impact of exchange losses. However, we believe that the pessimistic expectations about the company's fundamentals have been fully reflected.
U.S. stocks closed higher with all three major indices rising. The Dow, S&P, and Russell 2000 all hit record highs, while nvidia fell more than 4% against the market; bitcoin fell below $93,000, while microstrategy dropped more than 4%.
Funds continue to flow out of the technology sector, rotating into cyclical stocks. The Dow rose more than 400 points, while the Russell small cap stocks rose by 2.5% at one point. The S&P hit a new intraday high before narrowing its gains. Nvidia dropped over 4% to a three-week low, Tesla fell by nearly 4%, Nio dropped by 3.6%, but Alibaba rose by nearly 3%.
Express News | Sent a text message saying "The leaders are all gone!" It is reported that multiple individuals were dealt with by netease games.
Express News | Netease Cloud Music issued a notice demanding QQ Music to "stop plagiaristic innovation."
US stocks closed | All three major indices rose for the entire week! The Dow Jones hit a new closing high, Tesla rose nearly 4%; cryptos concept stocks all rose, MSTR increased by over 6%.
Funds flowed out of technology stocks and into economically sensitive cyclical stocks. The Nasdaq fluctuated between gains and losses, dragged down by over 3% drop in Nvidia and 1.7% drop in Google Class A. The Dow Jones rose by about 1%, small caps rose by 1.8%, and Chinese concept stocks fell by 1.4%. The S&P 500 and Nasdaq accumulated gains of 1.7% for the week, the Dow rose by about 2%, Tesla rose nearly 10% for the week, and Super Micro Computer soared by over 78%, its best week ever. MicroStrategy, known as a 'Bitcoin whale', rebounded by 6% on Friday. Economic weakness pushed the Euro to a two-year low, while the US Dollar rose for the third consecutive week to a two-year high. Offshore Renminbi fell by over 200 points for the week to nearly a four-month low. US oil had its best two-month gain with a 6.5% increase for the week, gold rose by over 1% to surpass $2700, marking its best week in over a year with a 5.7% increase.
US stocks fluctuate | Netease falls more than 2% before the market, with mixed performance in the third quarter, and its Hong Kong-listed stocks target price lowered by Daiwa.
Gridline News on November 22nd | Netease (NTES.US) fell more than 2% in pre-market trading to $86.86. On the news front, Daiwa published a research report stating that Netease's third-quarter mobile game revenue fell short of expectations by 6 to 8%, but the computer game revenue exceeded expectations, while deferred revenue remained stable. Daiwa stated that due to the limited pipeline of mobile games, it has lowered Netease's mobile game revenue growth forecast for next year from 10% to 8%, and adjusted the revenue forecast for 2024 to 2026 by 2 to 3%, leading to a 1% downward revision in earnings per share forecast for 2024 to 2026. The firm reiterated its "buy" rating on the stock.
Express News | Citigroup: Netease's "Live Football Online" has passed the review. Pay attention to whether other imported game licenses will be approved in China in December.
Citi: Netease (09999.HK) received approval for the license of an imported gaming version in Daihang.
Citigroup released a research report indicating that in November, the National News and Publishing Administration announced a total of 112 domestic and 7 imported online games approved simultaneously, marking the second time this year that two items were approved simultaneously. Although the scale of domestic game approvals is roughly the same as before, the release time of imported game approvals was earlier than expected, deviating from the past pattern of approval every two months. In addition, Tencent (00700.HK) did not have any games approved this time, but NetEase (09999.HK)'s imported game approval "Live Football Online" made the list. Citigroup stated that although the scale of approvals this time is relatively small, the frequency of imported game approvals is higher.
US stocks closed: "Trump trade" resumes, with all three major indexes rising together. The Dow rose 1%.
① The three major indices collectively rose, with the Dow Jones up 1%; ② Most large technology stocks fell, with Google dropping nearly 5%; ③ Most china concept stocks fell, with pdd holdings down more than 10%.
BofA Securities Maintains NetEase(NTES.US) With Buy Rating, Maintains Target Price $120
Hong Kong stocks morning report on November 21: The chairman of the Securities and Futures Commission, wu qing, met with the Financial Secretary of Hong Kong, paul chan mo-po. Canvest env received a privatization offer of 10 billion yuan from an A-share c
CSRC Chairman Wu Qing meets with Hong Kong Financial Secretary Paul Chan Mo-po.
Zhizhong Hong Kong stocks early knowledge | Ministry of Industry and Information Technology: Guide photovoltaic companies to reduce purely capacity expansion photovoltaic manufacturing projects. nvidia (NVDA.US) fell by as much as 5% after earnings.
On November 20, the Ministry of Industry and Information Technology issued a notice revising the "Specification Conditions for the Photovoltaic Manufacturing Industry" and the "Interim Measures for the Management of Announcements for the Photovoltaic Manufacturing Industry".
Hong Kong stock concept tracking | 112 domestically produced new games approved for version numbers! The gaming industry is expected to see a revival (with concept stocks)
On November 20, the domestic game licenses for this month were issued early. The National Press and Publication Administration announced in the evening the approval information for domestic online games in November 2024, with a total of 112 new games approved, marking two consecutive months with more than 110 licenses issued.
U.S. stock market closing | The three major indices showed mixed results, with nvidia temporarily falling over 5% after hours; bitcoin reached a new high, and stocks related to cryptos surged, with microstrategy rising by 10%.
S&P, Dow Jones, small cap stocks turned higher in the final hour, with the Nasdaq's decline significantly narrowing. Nvidia fell nearly 3% before closing down 0.8%, dropping 5% at one point after hours, as the financial report stated that Hopper and Blackwell face supply restrictions.
Express News | The top ten of the first domestic AI big model attack and defense competition appeared in Wuzhen: more than 2,700 teams from around the world participated | Direct hit on Wuzhen
Express News | The fill price for a block trade of 1.79 million Netease stocks is 135.403 Hong Kong dollars per share.
Guo Jiayao: Hong Kong stocks trading lightly as peripheral political situation is observed. Netease (09999.HK) performance exceeds expectations.
Guo Jiayao, Director of Business Development at Port Family Office, stated that on Tuesday (19th), the US stock market first fell and then stabilized. Tensions between Russia and Ukraine raised concerns in the market about geopolitical risks, leading to an initial decline in the market followed by gradual stabilization at lower levels. The three major indices closed with mixed gains and losses.