NetEase

NetEase Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Thursday, February 29, 2024
Cloud, Online, RMB, ADS, Internet, Music, Fantasy Westward Journey, PIN, MMO, Interest, Share repurchase, Marketing, Investment, Shop, IOS, HKEX, NetEase, Social responsibility, Lunar New Year, Justice, Queen's Road East, Advertising, GAAP, Ecosystem, Policy, Minor, Research, Video game

HANGZHOU, China, Feb. 29, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • HANGZHOU, China, Feb. 29, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • Net revenues from Youdao were RMB1.5 billion (US$208.5 million) for the fourth quarter of 2023, compared with RMB1.5 billion each for the preceding quarter and the fourth quarter of 2022.
  • Gross profit for the fourth quarter of 2023 was RMB16.8 billion (US$2.4 billion), compared with RMB17.0 billion and RMB13.2 billion for the preceding quarter and the fourth quarter of 2022, respectively.
  • Gross profit margin for Youdao for the fourth quarter of 2023 was 49.9%, compared with 55.9% and 53.3% for the preceding quarter and the fourth quarter of 2022, respectively.

Eggy Party Launches Globally on February 23 alongside the New Stellar Encounter Season

Retrieved on: 
Thursday, February 22, 2024
Stellar, Social media, Multimedia, Friends, IOS, NetEase, Creativity, Video game

GUANGZHOU, China, Feb. 22, 2024 /PRNewswire/ -- NetEase Games is proud to announce that its multiplayer party game Eggy Party will have its global launch on February 23, 2024, bringing the Eggies to more countries than ever before.

Key Points: 
  • GUANGZHOU, China, Feb. 22, 2024 /PRNewswire/ -- NetEase Games is proud to announce that its multiplayer party game Eggy Party will have its global launch on February 23, 2024, bringing the Eggies to more countries than ever before.
  • Eggy Party is an engaging multiplayer party game for mobile devices where you compete with friends to overcome obstacles and survive thrilling minigames, aiming to be the last one standing.
  • Eggy Party will launch globally on Android & iOS devices on February 23, 2024 in the US, the UK, France, Germany, Saudi Arabia, other countries in North & South America, Europe, and the MENA region.
  • In China, Eggy Party has reached over 100 million monthly active users and received 100 million pieces of user-generated content.

Eggy Party Launches Globally on February 23 alongside the New Stellar Encounter Season

Retrieved on: 
Thursday, February 22, 2024
Stellar, Social media, Friends, IOS, NetEase, Creativity, Video game

GUANGZHOU, China, Feb. 22, 2024 /PRNewswire/ -- NetEase Games is proud to announce that its multiplayer party game Eggy Party will have its global launch on February 23, 2024, bringing the Eggies to more countries than ever before.

Key Points: 
  • Eggy Party is an engaging multiplayer party game for mobile devices where you compete with friends to overcome obstacles and survive thrilling minigames, aiming to be the last one standing.
  • Eggy Party will launch globally on Android & iOS devices on February 23, 2024 in the US, the UK, France, Germany, Saudi Arabia, other countries in North & South America, Europe, and the MENA region.
  • In China, Eggy Party has reached over 100 million monthly active users and received 100 million pieces of user-generated content.
  • Make sure to check out Eggy Party during its global launch and follow the game's social media channels for more information.

NetEase to Report Fourth Quarter and Fiscal Year 2023 Financial Results on February 29

Retrieved on: 
Wednesday, February 7, 2024
Internet, Interest, PIN, HKEX, NetEase

HANGZHOU, China, Feb. 7, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced that it will report financial results for the fourth quarter and fiscal year 2023 on Thursday, February 29, 2024, before the open of the U.S. markets.

Key Points: 
  • HANGZHOU, China, Feb. 7, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced that it will report financial results for the fourth quarter and fiscal year 2023 on Thursday, February 29, 2024, before the open of the U.S. markets.
  • The earnings teleconference call with simultaneous webcast will take place at 7:00 a.m. Eastern Time on Thursday, February 29, 2024 (Beijing/Hong Kong Time: 8:00 p.m., Thursday, February 29, 2024).
  • NetEase's management will be on the call to discuss the quarterly results and answer questions.
  • Interested parties may participate in the conference call by dialing 1-914-202-3258 and providing conference ID: 10036635, 15 minutes prior to the initiation of the call.

CCV CAPITAL: Strategies for Chinese Enterprises to Breakthrough in the New Situation

Retrieved on: 
Monday, January 22, 2024
Speech, Artificial intelligence, Thought, Research, Internet, Fintech, Health, Intelligence, NetEase, Environment, Carbon, Entrepreneurship, Go Out policy, KPCB, Laboratory, CCV, Robotics, Solar energy, Ecology, Environmentalism, Ageing, Renewable energy

Recently, during the opening speech of the NetEase's 'Future Open Class', Wei Zhou, CCV CAPITAL's founding manager partner, delivered a keynote address on the topic 'Strategies for Chinese Enterprises to Breakthrough in the New Situation.'

Key Points: 
  • Recently, during the opening speech of the NetEase's 'Future Open Class', Wei Zhou, CCV CAPITAL's founding manager partner, delivered a keynote address on the topic 'Strategies for Chinese Enterprises to Breakthrough in the New Situation.'
  • The following is an excerpt from the speech:
    Today, the topic I want to share is "How Chinese Enterprises Breakout in the New Situation".
  • In this situation, we have done a lot of research, that in the new situation of Chinese enterprises in the breakthrough way, summarized in two directions, a theme.
  • Why is it a very appropriate time for Chinese enterprises and individuals to "Go Global" under the new situation.

Build A Rocket Boy Completes $110 Million Series D Fundraising to Launch the Next Generation Entertainment and Gaming Company

Retrieved on: 
Wednesday, January 17, 2024
Partner, NetEase, Sport, UGC, AAA, Redbird, Video game

EDINBURGH, Scotland, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Build A Rocket Boy, a leading independent gaming and entertainment company, has today announced that it has closed on an over $110 million Series D fundraising round.

Key Points: 
  • EDINBURGH, Scotland, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Build A Rocket Boy, a leading independent gaming and entertainment company, has today announced that it has closed on an over $110 million Series D fundraising round.
  • The new capital will enable Build A Rocket Boy to launch its three flagship products: immersive gaming and entertainment open world platform EVERYWHERE, AAA game series MindsEye, and suite of easy-to-use UGC design tools called ARCADIA.
  • Build A Rocket Boy plans to launch the highly anticipated EVERYWHERE and the first episode of MindsEye in the near future.
  • RedBird’s investment portfolio in media, entertainment, sports and experiential consumer enables a differentiated perspective on the gaming industry and its convergence with other forms of interactive entertainment.”

Second Dinner Secures $100M Series B Investment Led by Griffin Gaming Partners

Retrieved on: 
Monday, January 8, 2024
Entertainment, Consumer Electronics, Technology, Audio, Video, Software, Electronic Games, Entrepreneurship, MOST, Partner, Multimedia, LOVE, MARVEL, NetEase, SNAP, Steam, IP, Second, Ben Brode, Video game

Second Dinner , the award-winning game development studio behind the hit game MARVEL SNAP, today announced a $100M Series B investment led by industry titan Griffin Gaming Partners .

Key Points: 
  • Second Dinner , the award-winning game development studio behind the hit game MARVEL SNAP, today announced a $100M Series B investment led by industry titan Griffin Gaming Partners .
  • Check the website!”
    Matt Wyble, Second Dinner’s Chief Operating Officer, adds, “We’re grateful to have Griffin Gaming Partners on our team!
  • “Second Dinner has assembled one of the strongest creative teams that we have ever come across,” stated Nick Tuosto, Co-founder and Managing Director of Griffin Gaming Partners.
  • We are thrilled to partner with Second Dinner to grow MARVEL SNAP and look forward to new titles developed by this RIDICULOUSLY talented team.”
    Following the round, Second Dinner will continue to operate independently, with Griffin Gaming Partners and their original investor NetEase, as minority investors.

NVIDIA and Developers Pioneer Lifelike Digital Characters for Games and Applications With NVIDIA Avatar Cloud Engine

Retrieved on: 
Monday, January 8, 2024
Cloud, ASR, NPC, Tencent Games, RIVA, NetEase, AI, Non-player character, ACE, Tencent, CES, NVIDIA, Video game

LAS VEGAS, Jan. 08, 2024 (GLOBE NEWSWIRE) -- CES — NVIDIA today introduced production microservices for the NVIDIA Avatar Cloud Engine (ACE) that allow developers of games, tools and middleware to integrate state-of-the-art generative AI models into the digital avatars in their games and applications.

Key Points: 
  • LAS VEGAS, Jan. 08, 2024 (GLOBE NEWSWIRE) -- CES — NVIDIA today introduced production microservices for the NVIDIA Avatar Cloud Engine (ACE) that allow developers of games, tools and middleware to integrate state-of-the-art generative AI models into the digital avatars in their games and applications.
  • “Generative AI technologies are transforming virtually everything we do, and that also includes game creation and gameplay,” said Keita Iida, vice president of developer relations at NVIDIA.
  • “NVIDIA ACE opens up new possibilities for game developers by populating their worlds with lifelike digital characters while removing the need for pre-scripted dialogue, delivering greater in-game immersion.”
    Top game and interactive avatar developers are pioneering ways ACE and generative AI technologies can be used to transform interactions between players and non-playable characters (NPCs) in games and applications.
  • “NVIDIA is making games more intelligent and playable through the adoption of gaming AI technologies, which ultimately creates a more immersive experience.”
    “This is a milestone moment for AI in games,” said Tencent Games.

NetDragon Upgraded to 'BBB' by MSCI ESG Rating

Retrieved on: 
Friday, December 29, 2023
Online, Biophysical environment, S&P Global, Baidu, NetDragon Websoft, Software, Sustainable development, Sustainability, BBB, Privacy, ESG, NetEase, History, Internet, People's Daily, Smartphone, Social responsibility, Tencent, Oath, Environment

This marked a significant upgrade from the previous rating and underscores the market's recognition of the Company's achievements in the ESG domain.

Key Points: 
  • This marked a significant upgrade from the previous rating and underscores the market's recognition of the Company's achievements in the ESG domain.
  • Notably, NetDragon excelled in the "Privacy and Data Security" category, surpassing industry averages and receiving high acclaim from MSCI as reflected in its rating.
  • MSCI is a globally renowned provider of ESG rating for assessing companies' performance in environmental, social and corporate governance.
  • As one of the earliest and most influential rating agencies worldwide, MSCI ESG ratings are known for its independence, consistency and transparency.

4th APEC Women Connect "Her Power" Entrepreneurship Competition Announces Partner Lineup and E-Learning Sessions

Retrieved on: 
Friday, December 15, 2023
Woman, Gen, Senior, DHgate.com, NetEase, Marketing, Mentorship, BlueFocus Communication Group, Vivo, School, Social commerce, Organization, IQIYI, Friends, Communication, Generation Z, Family, Female, Snap Inc., Information and communications technology, Entrepreneurship, World Trade Organization, Empowerment, Media Group, PostNL, Competition, Student, Commerce, Confucius Institute, ABAC, Black Friday, Education, Payment, Dalian Jiaotong University, Black, Robotics, Electronics, Learning, Xi'an International Studies University, Social media, Cosmetics, APEC, Digital, University, Management, Retail, Video game, Tutoring, Entertainment, Mobile phone, Economics, Flyway, Beijing Union University

These collaborations represent the APEC Women Connect "Her Power" Entrepreneurship Competition's extensive engagement in cross-border e-commerce, social commerce, and dynamic consumer product sectors guided by influential figures.

Key Points: 
  • These collaborations represent the APEC Women Connect "Her Power" Entrepreneurship Competition's extensive engagement in cross-border e-commerce, social commerce, and dynamic consumer product sectors guided by influential figures.
  • These sectors include cosmetics, electronics, personal healthcare, and even cross border real estate," said Diane Wang, Founder of APEC Women Connect.
  • The fourth annual APEC Women Connect "Her Power" Entrepreneurship Competition extends special thanks to business partners, including:
    vivo Communication Technology Co. Ltd. — vivo is a world leading brand of innovative smartphones and accessories.
  • Upcoming events include the competition award ceremony as well as the annual APEC Women Connect workshop in January 2024, during which the competition's esteemed partners and speakers are also set to participate.