NetEase

Metaverse Market size worth $ 824.53 Billion, Globally, by 2030 at 39.1% CAGR: Verified Market Research®

Retrieved on: 
Wednesday, July 19, 2023

JERSEY CITY, N.J., July 19, 2023 /PRNewswire/ -- The Global Metaverse Market is projected to grow at a CAGR of 39.1% from 2022 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 27.21 Billion in 2020 and is expected to reach USD 824.53 Billion by the end of the forecast period.

Key Points: 
  • The "Global Metaverse Market Size By Product Type (Mobile Metaverse, Desktop Metaverse), By Applications (Game, Social, Conference, Content Creation, Online Shopping), By Geographic Scope And Forecast" report has been published by Verified Market Research®.
  • The report provides an in-depth analysis of the global Metaverse Market, including its growth prospects, market trends, and market challenges.
  • To get market data, market insights, financial statements and a comprehensive analysis of the Global Metaverse Market, please Contact Verified Market Research® .
  • Based on the research, Verified Market Research® has segmented the global Metaverse Market into Product Type, Applications, And Geography.

Metaverse Market size worth $ 824.53 Billion, Globally, by 2030 at 39.1% CAGR: Verified Market Research®

Retrieved on: 
Wednesday, July 19, 2023

JERSEY CITY, N.J., July 19, 2023 /PRNewswire/ -- The Global Metaverse Market is projected to grow at a CAGR of 39.1% from 2022 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 27.21 Billion in 2020 and is expected to reach USD 824.53 Billion by the end of the forecast period.

Key Points: 
  • The "Global Metaverse Market Size By Product Type (Mobile Metaverse, Desktop Metaverse), By Applications (Game, Social, Conference, Content Creation, Online Shopping), By Geographic Scope And Forecast" report has been published by Verified Market Research®.
  • The report provides an in-depth analysis of the global Metaverse Market, including its growth prospects, market trends, and market challenges.
  • To get market data, market insights, financial statements and a comprehensive analysis of the Global Metaverse Market, please Contact Verified Market Research® .
  • Based on the research, Verified Market Research® has segmented the global Metaverse Market into Product Type, Applications, And Geography.

Binance Labs Commits $15 Million Into Xterio Ecosystem to Expand Its Game Development Capabilities in AI and Web3

Retrieved on: 
Thursday, July 13, 2023

The company plans to use this investment to further game and tech development, including integration of AI, and the launch of its tokens.

Key Points: 
  • The company plans to use this investment to further game and tech development, including integration of AI, and the launch of its tokens.
  • “The Xterio ecosystem is expanding faster than ever, and bridges free-to-play genres with on-chain gaming enhanced by AI capabilities,” said Yi He, Co-Founder of Binance & Head of Binance Labs.
  • As part of the long-term strategic partnership, Binance Labs will support Xterio's growth, and Xterio’s token will become part of the BNB Chain ecosystem.
  • “This significant capital commitment affirms Binance Labs’ long-term view of Web3 gaming and recognizes Xterio as a top-tier, globally impactful Web3 game platform,” said Michael Tong, co-founder of Xterio.

China Mobile Games Market Report 2023: 1000+ Domestic and 100+ Imported Games Forecast to be Approved in 2023, Surpassing 2021 and 2022 Totals

Retrieved on: 
Monday, July 3, 2023

DUBLIN, July 3, 2023 /PRNewswire/ -- The "China Mobile Games Market & 5-Year Forecast Report 2023" report from Niko Partners, Inc. has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, July 3, 2023 /PRNewswire/ -- The "China Mobile Games Market & 5-Year Forecast Report 2023" report from Niko Partners, Inc. has been added to ResearchAndMarkets.com's offering.
  • It is the largest games market globally with one-third of the global mobile games revenue generated domestically.
  • Chinese companies account for 47% of mobile games revenue worldwide, including the domestic China market
    Tencent and NetEase commanded a combined 61% share of domestic PC and mobile games revenue in 2022.
  • More than 1,000 domestic games and 100 imported games are forecast to be approved in 2023, surpassing 2021 and 2022 totals.

China Mobile Games Market 5-Year Forecast Report 2023: Total Market for PC, Mobile and Console Games Revenue Forecast to Surpass $57 Billion in 2027 - ResearchAndMarkets.com

Retrieved on: 
Thursday, June 29, 2023

The "China Mobile Games Market & 5-Year Forecast Report 2023" report from Niko Partners, Inc. has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "China Mobile Games Market & 5-Year Forecast Report 2023" report from Niko Partners, Inc. has been added to ResearchAndMarkets.com's offering.
  • It is the largest games market globally with one-third of the global mobile games revenue generated domestically.
  • At the same time, Chinese game companies are expanding their reach globally, accounting for 47% of mobile games revenue worldwide.
  • This latest report on the mobile games market in China provides a comprehensive guide and insightful analysis to those aiming to navigate and tap into the lucrative China market.

Warner Bros. Games and NetEase Announce The Worldwide Launch of Harry Potter: Magic Awakened

Retrieved on: 
Tuesday, June 27, 2023

Warner Bros. Games and NetEase, Inc. (NASDAQ: NTES; HKEX: 9999) today announced Harry Potter: Magic Awakened, the highly anticipated, free-to-play collectible card roleplay game (RPG) set in the wizarding world is now available.

Key Points: 
  • Warner Bros. Games and NetEase, Inc. (NASDAQ: NTES; HKEX: 9999) today announced Harry Potter: Magic Awakened, the highly anticipated, free-to-play collectible card roleplay game (RPG) set in the wizarding world is now available.
  • Co-developed and co-published by Warner Bros. Games and NetEase Games, Harry Potter: Magic Awakened is the latest title released under Portkey Games, the label dedicated to creating new mobile and videogame experiences inspired by the wizarding world that place the player at the center of their own adventure.
  • To view and share the Harry Potter: Magic Awakened Launch Trailer, visit: https://go.wbgames.com/HPMA-LaunchTrailer
    To download the Harry Potter: Magic Awakened Launch Trailer, visit: https://go.wbgames.com/HPMA-LaunchTrailerAsset
    To download official Harry Potter: Magic Awakened assets, visit: https://go.wbgames.com/HPMA-LaunchAssets
    “With the global launch of Harry Potter: Magic Awakened, we are partnering with NetEase to further expand the Wizarding World for mobile players worldwide with the game’s distinctive art style and immersive game design that propelled it to hit status in China,” said David Haddad, President, Warner Bros. Games.
  • To learn more about Harry Potter: Magic Awakened, visit www.MagicAwakened.com or join the conversation on Facebook , Twitter , Instagram , YouTube and Discord .

China PC Games Market Forecasts Report 2023: 1,000+ Domestic Games and 100 Import Games will be Approved in 2023, Surpassing 2021 and 2022 Totals - Forecasts to 2027

Retrieved on: 
Wednesday, June 14, 2023

This report provides a comprehensive guide and insightful analysis to those aiming to navigate and tap into the lucrative China market.

Key Points: 
  • This report provides a comprehensive guide and insightful analysis to those aiming to navigate and tap into the lucrative China market.
  • It is the largest games market globally with one-third of global PC games revenue generated domestically.
  • Chinese companies account for 39% of PC games worldwide, including in the domestic China market
    Tencent and NetEase commanded a combined 61% share of domestic PC games revenue in 2022.
  • The publisher projects that more than 1,000 domestic games and 100 import games will be approved in 2023, surpassing 2021 and 2022 totals.

NetEase Games Unveils PinCool, Inc., a New Multifunctional Studio Aiming to Produce Global Entertainment Content

Retrieved on: 
Monday, May 29, 2023

GUANGZHOU, China and TOKYO, May 28, 2023 /PRNewswire/ -- NetEase Games has announced the establishment of a new game studio named PinCool, Inc. (PinCool) as part of its NetEase Games division.

Key Points: 
  • GUANGZHOU, China and TOKYO, May 28, 2023 /PRNewswire/ -- NetEase Games has announced the establishment of a new game studio named PinCool, Inc. (PinCool) as part of its NetEase Games division.
  • PinCool, Inc. is an entertainment production company established in May 2023 in Tokyo, wholly owned by NetEase Games.
  • NetEase Games, the online games division of NetEase, Inc. (NASDAQ: NTES and HKEX: 9999), is a leading global developer and publisher of video game IP across a variety of genres and platforms.
  • NetEase Games also supports the growth and development of its innovative global studios in Canada, Europe, Japan and the United States.

Xsolla Appoints Chris Hewish as Interim CEO to Continue Its Global Expansion and Employee Growth

Retrieved on: 
Thursday, May 25, 2023

Xsolla, a global video game commerce company, announced today the appointment of Chris Hewish as the Interim CEO.

Key Points: 
  • Xsolla, a global video game commerce company, announced today the appointment of Chris Hewish as the Interim CEO.
  • Hewish, who has significantly contributed to the company's growth to over 800 employees and its global expansion during his tenure as President, brings a wealth of experience and knowledge to his new role.
  • Hewish's appointment comes following the role change of previous CEO Konstantin Golubitsky, who stepped up from CTO to CEO to accelerate Xsolla's growth.
  • As Interim CEO, Hewish will continue to drive Xsolla's global business, while nurturing the company's culture and workforce.

NetEase Announces First Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, May 25, 2023

HANGZHOU, China, May 25, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced its unaudited financial results for the first quarter ended March 31, 2023.

Key Points: 
  • HANGZHOU, China, May 25, 2023 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced its unaudited financial results for the first quarter ended March 31, 2023.
  • Net revenues from Youdao were RMB1,163.3 million (US$169.4 million) for the first quarter of 2023, compared with RMB1,454.0 million and RMB1,200.5 million for the preceding quarter and the first quarter of 2022, respectively.
  • Gross profit for the first quarter of 2023 was RMB14,896.5 million (US$2,169.1 million), compared with RMB13,244.4 million and RMB12,836.4 million for the preceding quarter and the first quarter of 2022, respectively.
  • The effective tax rate for the first quarter of 2023 was 19.5%, compared with 20.2% and 22.0% for the preceding quarter and the first quarter of 2022, respectively.