NetEase Full Year 2023 Earnings: Misses Expectations
China Issues 95 Game Licenses for April, Including for Tencent's Carbon Island and NetEase's Broken Land
NetEase Cloud Music's first podcast conference came to an end, and the “Seeding Plan”, a support program for creators, was released
Sina Technology News reported on the afternoon of April 28. Recently, the first NetEase Cloud Music podcast conference came to a successful conclusion in Beijing. With the theme of “amplifying the volume”, the conference attracted podcast creators, industry experts and media people from all over the country to participate. Zhang Hou, head of NetEase Cloud Music's long audio business, delivered a speech entitled “From Seed to Blossom, Hear the New Volume of Podcast”, pointing out that NetEase Cloud Music will help the podcast content ecosystem prosper through long-term and continuous creative support for the podcast industry. Cai Xin, general manager of CITIC Publishing Group, and well-known podcast anchors such as “Story FM,” “Basically Harmless,” and “Crooked Wave Sound Room” participated in the conference and
US stocks closed | PCE suspends inflation concerns, Google's performance soared more than 10% after that, and Nvidia rose more than 6%
The S&P Index rose 2.67% this week, and the NASDAQ rose 4.23%, all of which recorded the biggest weekly gain since November last year; the China General Index rose nearly 9% weekly, the biggest increase since July last year.
Express News | NetEase up 2.1%, Baidu up 1.2%, PDD Holdings up 0.9%
Chinese Tech Stocks Jump Amid Positive Earnings of US Giants Microsoft, Alphabet
Chinese tech stocks were in the green on Friday following quarterly earnings results of U.S. tech giants Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG) (GOOGL).
Express News | PDD Holdings up 2.5%, NetEase up 1.6%, Baidu up 2.9%
網易-S:2023年度報告
NetEase Weakness Could Spell Game Over for Higher Earnings Growth -- Market Talk
NetEase's earnings growth looks set to slow this year, dragged by the weak performance of the newly launched "Condor Hero" game and declining revenue from another title, "Fantasy Westward Journey", HSBC Global Research analysts say.
NetEase Announces Beta Testing for Mobile Version of Octopath Traveler on May 16
NetEase ADR Target Price Cut to $126 From $130 by HSBC Global Research>NTES
NetEase ADR Target Price Cut to $126 From $130 by HSBC Global Research>NTES
Express News | HSBC Maintains Buy on NetEase, Lowers Price Target to $126
Hong Kong Stock Concept Tracking | Gaming sector valuations have returned to a lower level. Institutions are concerned about the rise in technology implementation in leading companies (with concept stocks)
Huachuang Securities pointed out that after early adjustments, the valuation of the gaming sector has returned to a low level.
Changes in Hong Kong stocks | TechNet stocks are collectively rising today, China Securities Regulatory Commission announces new measures to cooperate with Hong Kong, Internet companies continue to increase buybacks
The Zhitong Finance App learned that TechNet stocks rose collectively today. As of press release, Meituan-W (03690) rose 5.67% to HK$100.7; Tencent (00700) rose 5.66% to HK$321; Alibaba-SW (09988) rose 3.22% to HK$68.85; NetEase (09999) rose 2.8% to HK$146.8. According to the news, on April 19, the China Securities Regulatory Commission stated that it will deepen cooperation with Hong Kong and announce 5 capital market cooperation measures with Hong Kong, including easing the scope of eligible products for stock ETFs under the Shanghai, Shenzhen, and Hong Kong Stock Connect
Express News | PDD Holdings Down 1.0%, NetEase Down 1.6%, Baidu Down 0.8%
Is There An Opportunity With NetEase, Inc.'s (NASDAQ:NTES) 44% Undervaluation?
Does the April share price for NetEase, Inc. (NASDAQ:NTES) reflect what it's really worth?
Bank Ratings | Goldman Sachs: Lowering NetEase's Target Price to HK$202, Revenue Growth Is Expected to Slow in the First Quarter
Goldman Sachs published a report stating that the market is concerned about the sustainability of the NetEase game “FWJ,” while the revenue of “Legend of the Shooter” falls short of expectations, and there is not much information on the release date of the “16 Sounds of Yan Yun” mobile game, all of which affected stock price performance. The bank expects NetEase's revenue growth to slow in the first quarter. Among them, game revenue increased by 4%, but profitability is still increasing. Net profit is estimated to increase by 10% to 8.3 billion yuan year-on-year. Among them, mobile game revenue was lowered from an expected 12% increase to an increase of 11%, and PC game revenue was lowered from an expected 7% year-on-year decline to a 14% drop. Furthermore, according to the bank's revenue forecast for NetEase 2024 to 2026
Express News | PDD Holdings Down 1.9%, NetEase Down 1.8% Baidu Down 1.1%
Express News | PDD Holdings Down 1.1%, NetEase Down 1.0%, Li Auto Down 1.7%,
Express News | PDD Holdings up 1.0%, NetEase up 1.0%, Baidu up 1.1%
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