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The Latest Breaking News from NetEase

China seemingly drops proposed gaming restrictions that could have had worldwide implications for loot boxes, microtransactions and daily log-in bonuses

The rules were to discourage obsessive gaming behavior

GamesRadar

Beijing Will Cut Reserve Ratio In Latest Bid To Boost Chinese Stocks. It's Working For Now.

Hong Kong's Hang Seng Index and U.S.-listed Chinese stocks jumped again as China said it will cut bank reserve requirements to boost the economy and markets.

Investors Business Daily

The CCP softens its stance on live service games after plummeting stocks, reportedly removes official responsible for the panic

Draft rules drama.

PC Gamer

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Beijing reportedly removes a key official responsible for video games after the surprise release of draft rules wipes billions in value from the sector

China may be doing damage control after it released new rules imposing limits on the country's massive video gaming sector, leading to a plunge in shares.

Fortune

Chinese gaming sector in turmoil as regulators announce new proposals

Measures include spending limits for online games and ban on rewarding players for logging in each day

The Guardian - UK

China softens latest video-game crackdown to mollify video game industry

The industry regulator had proposed barring player rewards for livestreaming and for daily log-ins, but now says it will “carefully study” public views in response to the drafts.

Fortune

Stock market today: Global shares climb, tracking advance on Wall Street

World shares have advanced, tracking gains on Wall Street after markets there reopened following Monday's holiday

The Independent UK

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China Approves 105 Video Games After Tencent, NetEase Dive On Proposed Gaming Rules

China OK'd 105 video games as regulators try to ease concerns after proposed new rules slammed Tencent, NetEase and other gaming stocks Friday.

Investors Business Daily

China's Press Authority Approves 105 Online Games, Supports Industry

China's press and publications authority approves 105 new online games, signaling support for the industry after recent investor losses. Creative future ahead!

Top News

DreamStar: Tencent's New Party Game Challenges NetEase

DreamStar, a new shimmering party game from Tencent, has burst onto the scene, shaking the stars and striking some cosmic concern in rival NetEase's universe.

Investors Business Daily

Stock Market Rally Extends Gains On Slowing Inflation; Microsoft, Cisco, Walmart In Focus: Weekly Review

The stock market rally extended strong gains on tame inflation. A Microsoft AI chip and poor guidance from Cisco, Walmart and Palo Alto were in focus.

PC Gamer

Mass Effect veteran Mac Walters is heading up a new studio with NetEase

Worlds Untold aims to develop big-budget games with an emphasis on narrative and worldbuilding.

GamesRadar

Former Mass Effect and Dragon Age lead launches new studio with a focus on narrative and world-building

Mac Walters was the lead writer on Mass Effect 2 and 3

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Investors Business Daily

NetEase Beats Third-Quarter Earnings Goal On Strong Video Game Sales

Chinese video game publisher NetEase beat analyst estimates for earnings in the third quarter on in-line sales.

The Guardian - UK

Power up: will Chinese financing be the saviour of the Japanese video game industry?

Japan is seen as the home of games, but the sector is struggling – and China is poaching its talent. It’s a power shift that may change the gaming landscape for good

Investors Business Daily

Dow Jones Futures Rise After Market's Best Week Of 2023; How Aggressive Should You Be?

The market just had its best week the year. Time to act, but how aggressively? Nvidia leads stocks near buy points.

PC Gamer

Greg Street, who quit working on the League of Legends MMO to do 'something new,' has revealed that the new thing is another MMO

Fantastic Pixel Castle is a new Netease studio that's currently working on an fantasy MMO codenamed Ghost.

Investors Business Daily

These Are The World's Best Stocks To Buy And Watch, By One Measure

IBD Screen Of The Day: These are the world's best stocks to buy and watch, including China's NetEase and Miniso, in today's stock market.

Investors Business Daily

Dow Jones Soars 511 Points As Yields Rise Ahead Of Fed; Cathie Wood Buys These 3 Plunging Stocks

The Dow Jones soared even as yields rose ahead of the latest Fed meeting. Cathie Wood snapped up some plunging stocks. Tesla stock plunged.

Investors Business Daily

AI Stocks AVGO And ANET Lead 5 Resilient Names Near Buy Points

AI stocks Broadcom and Arista lead five names near buy points all sporting a flat base, showing resilience in a tough market.

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