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NTES $103.69

NTES target price
103.69
80
240
NetEase, Inc.
Native name
网易公司
Type
Public
Traded as NASDAQ: NTES
NASDAQ-100 Component
Industry Internet
Founded June 1997; 20 years ago (1997-06)
Guangzhou, Guangdong, China
Founder Ding Lei
Headquarters Beijing, China
Key people
Qiu Shan Ge (CEO)
Products Online services
Revenue Increase CN¥ 38.179 billion (2016)
Operating income
Increase CN¥ 12.629 billion (2016)
Net income
Increase CN¥ 11.793 billion (2016)
Total assets Increase CN¥ 58.032 billion (2016)
Number of employees
15,948 (December 2016)
Website 163.com

NetEase, Inc. (simplified Chinese: 网易; traditional Chinese: 網易; pinyin: Wǎng Yì) is a Chinese Internet technology company providing online services centered on content, community, communications and commerce. Founded in 1997, the company was a key pioneer in the development of Internet services for China. Today, NetEase develops and operates some of China's online PC and mobile games, advertising services, e-mail services and e-commerce platforms.

NetEase has produced some of China's online PC-client games, including Fantasy Westward Journey II and New Westward Journey Online II, as well as other games, such as Tianxia III, Heroes of Tang Dynasty Zero and Ghost II. In partnership with Blizzard Entertainment, Inc., NetEase operates some international online games in China, including World of Warcraft, Hearthstone: Heroes of Warcraft, StarCraft II and Diablo III: Reaper of Souls.

NetEase offers multi-platform access to free and fee-based community and communication services, including websites, content channels, YiChat social instant messaging application, NetEase Mobile News Application, Youdao dictionary and Youdao cloud note-taking service.

NetEase is one of the providers of free e-mail services in China, offering features such as voice search and facial recognition. NetEase also offers fee-based premium e-mail services for corporate users. In addition, NetEase has ventures in e-commerce, with offerings such as Kaola, a cross-border e-commerce platform, and Wangyibao, an online payment system. Other online products offered include online video entertainment services: Bobo and CC.

The company has grown rapidly since its founding in June 1997, thanks in part to its investment in search engine technology and massively multiplayer online role-playing gaming. Fantasy Westward Journey, an MMORPG developed internally by NetEase, is an online game in China.

Ding Lei (Chinese: 丁磊; pinyin: Dīng Lěi, born October 1971), also known as William Ding, is the founder and CEO of NetEase. He made significant contributions to the development of computer networks in mainland China. According to Hurun Report's China Rich List 2013 he is the 25th wealthiest person in China with an estimated fortune of $4.2 billion. He was the wealthiest man in China at one point.

PC-client & Mobile Games: provider of self-developed online client games to Internet users in China; licensee of games by Blizzard Entertainment; developer & publisher of mobile games.

Internet Media: Operating a network of mobile applications, services and social communication platforms, as well as Internet portals with enriched content.

E-mail Services: One of the providers of free e-mail services in China.

Youdao Products: Specialized online tools including Youdao Dictionary, Youdao Cloudnote and Huihui.cn.

E-commerce: services available to Chinese consumers on both desktop and mobile including Kaola.com, NetEase's self operated cross-border e-commerce platform, online video broadcasting services and insurance products.

Top PC Games: Fantasy Westward Journey II, New Westward Journey Online II, New Ghost, Tianxia III, Revelation, Demon Seals, Hegemon-‐King of Western Chu

Mobile Games: Fantasy Westward Journey mobile, Westward Journey Online mobile, Invincible, Kung Fu Panda 3 mobile game, The X-‐World, Kari-‐ri-‐sei Million Arthur, Chrono Blade and Blizzard Entertainment's Hearthstone®: Heroes of Warcraft

New games planned for launch: Fantasy Westward Journey: Warriors, New Ghost Mobile, a series of new titles based on novels by Gu Long, and a version of Minecraft and Minecraft: Pocket Edition for China

NetEase launched their first Western Headquarters in August 2014 bringing one of the largest tech companies in China to the US. In 2015, NetEase North America, the San Francisco-based arm of the Chinese technology giant, announced a new funding initiative for independent developers. Known as the NetEase Success Fund, the scheme offers an alternative to traditional publishing by providing up to $500,000 for each accepted developer to fund marketing and advertising. Furthermore, developers awarded funding retain the rights, creative control, and full ownership of their products. In December 2015, NetEase Capital Venture arm has made a $2.5 million investment into Reforged Studios, a privately held game studio based in Helsinki.

NetEase has an on-demand music-streaming service; 网易云音乐 (roughly "NetEase cloud music").

NetEase's URL is 163.com. This is confusing to many non-Chinese because there seems to be no logical connection between the firm and its URL. While the URL might seem to be a case of Chinese numerology, it is not. Rather, the URL exists because of recent Chinese history: before the availability of broadband internet, users had to dial 163 to get online. Therefore, early internet users recognized the numbers as implying a way to access the internet.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-14 Future report Set alerts
Q2 2022 2022-08-18 8.20 8.20
Q1 2022 2022-05-24 7.70 7.70
Q4 2021 2022-02-24 9.80 9.80
Q3 2021 2021-11-16 5.75 5.75
Q2 2021 2021-08-31 6.24 6.24
Q1 2021 2021-05-18 7.47 7.47
Q4 2020 2021-02-25 2.35 2.35
Q3 2020 2020-11-19 0.00 0.00
Q2 2020 2020-08-13 7.96 0.98

Ratings

2016-06-24 Boost Price Target Deutsche Bank Buy $190.00 to $207.00
2016-06-24 Boost Price Target Deutsche Bank AG Buy $190.00 to $207.00
2016-05-12 Upgrade Nomura Neutral to Buy $174.00 to $194.00
2016-05-12 Upgrade Nomura Holdings Inc. Neutral to Buy $174.00 to $194.00
2016-02-25 Downgrade Mizuho Buy to Underperform
2016-02-25 Downgrade Credit Agricole Outperform to Underperform
2016-02-25 Downgrade Credit Agricole SA Outperform to Underperform
2016-02-23 Initiated Coverage JPMorgan Chase & Co. Overweight $181.00
2016-01-27 Lower Price Target Macquarie Outperform $185.00 to $180.00
2016-01-22 Initiated Coverage Nomura Neutral $166.00
2015-11-25 Initiated Coverage Goldman Sachs Buy $190.00
2015-11-25 Initiated Coverage Buy Buy $190.00
2015-11-25 Initiated Coverage Goldman Sachs Group Inc. Buy $190.00
2015-11-13 Boost Price Target BNP Paribas Buy $170.00 to $190.00
2015-11-13 Boost Price Target Barclays Overweight $153.00 to $171.00
2015-11-13 Boost Price Target Barclays PLC Overweight $153.00 to $171.00
2015-10-16 Downgrade Standpoint Research Buy to Hold
2015-09-29 Reiterated Rating Standpoint Research Buy $145.00
2015-09-21 Reiterated Rating Credit Suisse Outperform $164.00
2015-09-21 Reiterated Rating Credit Suisse Group AG Outperform $164.00
2015-09-09 Upgrade Mizuho Neutral to Buy $135.00
2015-08-26 Upgrade Standpoint Research Hold to Buy $145.00
2015-08-14 Boost Price Target Macquarie Outperform $163.00 to $173.00
2015-05-19 Upgrade Citigroup Inc. Neutral to Buy $131.00 to $171.10
2015-05-12 Boost Price Target T.H. Capital Buy $125.00 to $146.00
2015-05-07 Upgrade Deutsche Bank Hold to Buy $110.00 to $146.80
2015-04-08 Upgrade China International Capital Corp Buy $136.00
2015-04-08 Upgrade CICC Research Hold to Buy $105.00 to $136.00
2015-02-09 Boost Price Target T.H. Capital Buy $107.00 to $125.00
2014-11-20 Upgrade JPMorgan Chase & Co. Neutral to Overweight
2014-11-14 Upgrade HSBC Underweight to Overweight
2014-10-30 Downgrade Standpoint Research Buy to Hold
2014-10-21 Upgrade Credit Suisse Neutral to Outperform $92.00 to $110.00
2014-08-15 Upgrade T.H. Capital Buy $95.00
2014-08-15 Boost Price Target Oppenheimer Outperform $80.00 to $95.00
2014-08-15 Boost Price Target Oppenheimer Holdings Inc. Outperform $80.00 to $95.00
2014-08-14 Boost Price Target Macquarie Outperform $84.00 to $100.00
2014-08-12 Initiated Coverage Citigroup Inc. Buy to Hold
2014-08-12 Downgrade China International Capital Corp Buy to Hold $88.00
2014-07-25 Initiated Coverage Citigroup Inc. Neutral $87.60
2014-04-16 Initiated Coverage Standpoint Research Buy $90.00
2014-03-12 Initiated Coverage Credit Suisse Neutral $76.00
2014-02-13 Downgrade Morgan Stanley Overweight $77.00 to $79.00
2013-11-14 Downgrade HSBC Overweight to Underweight $70.00 to $63.00
2013-11-14 Downgrade Deutsche Bank Buy to Hold $73.00 to $66.00
2013-09-30 Initiated Coverage BNP Paribas Buy
2013-09-26 Initiated Coverage Credit Suisse Neutral
2012-11-15 Reiterated Oppenheimer Outperform $68 to $65
2011-11-17 Reiterated Oppenheimer Outperform $55 to $60
2011-02-25 Reiterated HSBC Securities Overweight $54 to $60
2011-02-24 Upgrade Brean Murray Hold to Buy $54
2011-02-24 Reiterated Auriga U.S.A Buy $52 to $55
2011-02-23 Reiterated Auriga U.S.A Buy $48 to $52
2010-11-18 Reiterated Auriga U.S.A Buy $44 to $48
2010-07-22 Downgrade Standpoint Research Buy to Hold
2010-07-14 Reiterated Auriga U.S.A Buy $49 to $44
2010-06-14 Upgrade Standpoint Research Hold to Buy $42
2010-03-25 Initiated Auriga U.S.A Buy $49
2009-11-02 Upgrade Pali Research Neutral to Buy
2009-10-14 Upgrade Credit Suisse Neutral to Outperform $46 to $48
2009-08-13 Downgrade Credit Suisse Outperform to Neutral $38 to $41.30
2009-08-10 Downgrade Pali Research Buy to Neutral
2009-08-05 Downgrade Deutsche Securities Buy to Hold
2009-07-01 Reiterated Brean Murray Buy $33 to $43
2009-06-08 Downgrade Standpoint Research Buy to Hold
2009-05-21 Upgrade Oppenheimer Perform to Outperform $38
2016-06-24 Boost Price Target Deutsche Bank Buy $190.00 to $207.00
2016-06-24 Boost Price Target Deutsche Bank AG Buy $190.00 to $207.00
2016-05-12 Upgrade Nomura Neutral to Buy $174.00 to $194.00
2016-05-12 Upgrade Nomura Holdings Inc. Neutral to Buy $174.00 to $194.00
2016-02-25 Downgrade Mizuho Buy to Underperform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks