The Latest Breaking News from NetEase

Netease worked with Blizzard on a mobile Warcraft MMORPG for three years, but it was scrapped for business reasons.

A whale with a lot of money to spend has taken a noticeably bullish stance on NetEase. Looking at options history for NetEase (NASDAQ:NTES) we detected 12 strange trades.

NetEase's (NASDAQ:NTES) short percent of float has risen 434.52% since its last report. The company recently reported that it has 5.90 million shares sold short, which is 4.49% of all regular shares that are available for trading.

Activision Blizzard, Inc's (NASDAQ:ATVI) Blizzard Entertainment closed the acquisition of the Boston-based studio Proletariat. The financial terms of the transaction remain undisclosed. The acquisition will help better serve players in the multiplayer online role-playing game World of Warcraft. "Over the next two years, we plan to hire hundreds of the best developers to…

NetEase (NASDAQ:NTES) has outperformed the market over the past 15 years by 17.64% on an annualized basis producing an average annual return of 23.84%. Currently, NetEase has a market capitalization of $61.32 billion.

TikTok parent ByteDance Ltd's gaming foray exudes promise as spending across its mobile titles grew over the past year, according to Sensor Tower. The report highlighted TikTok owner generated $1 billion of player spending across its mobile games as of the year ended June 20, 2022, up 16% year-on-year. ByteDance had set…

The Chinese government is imposing restrictions on gaming companies such as NetEase to prevent addiction. The measures are delaying the release of major titles such as “Diablo Immortal,” hurting the industry.

This delay comes after Diablo Immortal's official account on Weibo was banned.

NetEase (NASDAQ:NTES) has outperformed the market over the past 15 years by 19.2% on an annualized basis producing an average annual return of 25.44%. Currently, NetEase has a market capitalization of $67.14 billion.

Bilibili Inc (NASDAQ:BILI) reported first-quarter FY22 revenue growth of 30% year-on-year to $797.3 million, beating the consensus of $757.6 million. Drivers: Average monthly active users (MAUs) increased 31% Y/Y to 293.6 million, and Mobile MAUs rose 33% Y/Y to 276.4 million. Average daily active users (DAUs) climbed 32% Y/Y to 79.4 million, and Average…

China has approved the release of dozens of new video games, boosting the shares of some of its biggest tech firms Wednesday on hopes that a long-running and painful crackdown on the sector is easing. The announcement follows a report in The Wall Street Journal on Monday that said regulators…