Netease net worth

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As a result, Kaola has been deconsolidated from the Company and its historical financial results are reflected in the Company's consolidated financial statements as discontinued operations accordingly. The financial information and non-GAAP financial information disclosed in this press release are presented on a continuing operations basis, unless otherwise specifically stated.

At the end of the year, we launched the long-anticipated Fantasy Westward Journey 3Dwhich gave us a wonderful start to the first quarter. We will continue to bring more masterpieces to both domestic and global players in Youdao is exploring new approaches to grow its business, replicating successful course experiences to produce premium learning content, products and scale with a positive impact to its margins.

Our differentiation in music offerings is also becoming more evident. We are helping hundreds of thousands of independent musicians create and promote their work to Chinese music lovers with our platform's specialized promotion and distribution capabilities in independent music. We believe that NetEase's orientation as a forerunner in these evolving markets positions us well for growth and the ability to create additional value for our stakeholders.

WarCraft 1.29 NetEase ladder reset (GCS coming)

Finally, with respect to the COVID outbreak, we currently expect to see some impact to our business lines in the near-term, however, the situation is evolving. NetEase is committed to providing support to affected communities and working together as we move through this challenging time," Mr. Ding concluded. Net revenues for the fourth quarter of were RMB15, Net revenues from online game services were RMB11, Net revenues from mobile games accounted for approximately Net revenues from Youdao were RMB Net revenues from innovative businesses and others were RMB3, Gross profit for the fourth quarter of was RMB8, Gross profit for online game services was stable quarter-over-quarter.

The year-over-year increase in online game services gross profit was primarily due to increased revenue contribution from mobile games including Life-AfterInvincible and Identity V. The quarter-over-quarter and year-over-year increases in Youdao gross profit were primarily due to increased net revenues from its learning services and products.

The quarter-over-quarter increase in innovative businesses and others gross profit was primarily contributed from NetEase Cloud Music and NetEase's advertising services.NetEase, Inc. The company was founded in by Ding Lei. NetEase develops and operates online PC and mobile games, advertising services, email services and e-commerce platforms in China. It is one of the largest Internet and video game companies in the world.

They are also developing their very first self-developed VR multiplayer online game with an open world setting, which is called Nostos. The company was founded in June by Chinese entrepreneur Ding Leiand grew rapidly due in part to its investment in search engine technology [10] and massively multiplayer online role-playing gaming. Furthermore, developers awarded funding retain the rights, creative control, and full ownership of their products.

NetEase's official website address is This was attributed to the past when Chinese internet users had to dial "" to connect to the internet, before the availability of broadband internet. From Wikipedia, the free encyclopedia. Type of site. Main article: NetEase Music. Retrieved August 3, Alexa Internet. Retrieved March 29, Retrieved March 29, Archived from the original on South China Morning Post. Retrieved 20 May June 1, Retrieved June 1, New Zealand Companies Office. December 17, Retrieved January 29, September 11, Today, the country is home to 10 percent of the world's almost 2, billionaires, according to the latest report from Wealth-X.

netease net worth

But, perhaps more notably, a massive 94 percent of them are self-made. Growth in China's technologyconsumer retail and real estate sectors over the past five to 10 years have made it easier for entrepreneurs to build their fortune, marking a massive surge in the country's self-made billionaire population.

Just 2 percent of China's billionaires are the product of inheritance, according to the report. Meanwhile, 4 percent have reached the figure milestone through a combination of entrepreneurship and inheritance. The rest have earned it through grit and hard work. The figure stands in stark contrast to the global average. Overall, just 55 percent of the world's billionaires are self-made, according to the intelligence agency's figures.

Thirteen percent of the world's billionaires have gained their wealth through inheritance, while 32 percent have built it through a combination of inheritance and entrepreneurship.

What's more, China's billionaires are relatively younger than the global mean, with one-third aged under 50, compared to 14 percent globally. The average billionaire in China is years-old while the average billionaire globally is aged China's billionaires include those responsible for some of the world's biggest companies.

Here's a look at the top 10 wealthiest:. Born the youngest of nine children, Yan's earliest memory is of going hungry, he told Fortune magazine in Like his parents, he began his career as a schoolteacher, before moving into the construction industry and launching China Pacific Construction Group in The duo, alongside three other co-founders, set up the internet company in Born inLei studied computer science at Wuhan University and worked as an engineer before taking on senior positions in several technology companies.

Then, inhe co-founded smartphone manufacturer and software company Xiaomi. Today, Hanergy is a world-leading renewable energy company. Ding is the founder of Chinese internet technology company NetEasewhich provides online content, communications and commerce services. He launched the business in after studying electronic science and technology and working for a short time as an engineer.

Today, it is China's largest real estate development company. Wang also owns 20 percent of the Spanish football club Atletico Madrid. Chinese property developer Yang is the majority shareholder of Country Garden Holdingsa property development company set up by her father, Guoqiang Yang in She was named the richest woman in Asia in a Wealth-X report. After graduating from college, he worked as a technician in a steel factory for a decade before becoming chairman of Chinese real estate developer Evergrande Group.

Jack Ma was born in in Hangzhou, Zheijang province. He began his career as a teacher and famously suffered dozens of job rejections before launching Alibaba Group. Today, the company is the world's largest retailer and one of the largest technology companies globally.

2019 Review: Top Hedge Fund Stocks vs. NetEase, Inc (NTES)

The son of a port manager, Ma studied computer science at Shenzen University before starting his career in telecommunications. Known as Pony Ma, he launched Tencent alongside four college classmates inand now serves as its chairman and CEO.

Tencent is one of the largest internet companies in the world and counts social networks, e-commerce, payment systems and games among its services. Like this story? Get Make It newsletters delivered to your inbox. All Rights Reserved. Skip Navigation.

Life I told my landlord I couldn't pay April rent. This is his incredibly emotionalNTES vs. Tesla and Twitter were early leaders, while Chevron topped the Dow Jones as oil prices surged, and investors digested dire March payrolls data.

Yahoo Finance. Sign in. Sign in to view your mail. Finance Home. NetEase, Inc. Vienna - Vienna Delayed Price. Currency in EUR. Add to watchlist. Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies. Neutral pattern detected. View all chart patterns. Performance Outlook Short Term.

netease net worth

Mid Term. Long Term. Previous Close Volume Market Cap Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. Research that delivers an independent perspective, consistent methodology and actionable insight.Those headline numbers were strong, but NetEase's stock couldn't withstand the broader market sell-off as the coronavirus crisis deepened.

Despite those concerns, NetEase remains an attractive long-term investment in China's growing gaming market. These two transactions reduced NetEase's reporting segments from four online games, e-commerce, innovative businesses, and advertising to three online games, Youdao, and innovative businesses and others in the third quarter of Here's how those new units fared over the past two quarters.

Its larger rival, Tencentholds five of those positions with hit games like Honor of Kings and Peacekeeper Elite. More importantly, NetEase doesn't expect the coronavirus outbreak to hurt the gaming business, since it benefits from stay-at-home consumers and isn't exposed to macro headwinds.

netease net worth

Its gross margin also expanded 10 basis points annually to Like China's other online education platformsYoudao enlists instructors to remotely tutor students on a live streaming platform. However, the coronavirus outbreak is also boosting demand for these remote learning tools as students stay home -- so that headwind could actually benefit Youdao.

The segment's gross margin expanded basis points annually to During the earnings call, NetEase stated that its streaming music memberships "more than doubled" annually as its live video streaming revenue "grew rapidly.

Shoppers will also likely purchase more products on Yanxuan and other e-commerce platforms as they avoid brick-and-mortar retailers. The only soft spot is NetEase's advertising business, which could suffer as crisis-stricken companies spend less money on ads. NetEase trades at a reasonable 18 times forward earnings estimates while sporting a dividend yield of 1. Most of its businesses are naturally insulated from the coronavirus and China's weakening economyand they'll likely flourish as other Chinese tech companies flounder.

Those rare strengths make it one of the safest Chinese tech stocks to buy in Mar 3, at AM. Author Bio Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses. Follow him on Twitter for more updates! Image source: NetEase. Year-over-year revenue growth Q3 Q4 Online games Stock Advisor launched in February of Join Stock Advisor. DAO Youdao, Inc. Related Articles.Ding made significant contributions to the development of computer networks in mainland China.

In lateDing was looking into investing in the property sector, and travelled to Zimbabwe in December, and to the United Kingdom. Inhe was ranked at 79 on Forbes ' s billionaires list. After graduation he first worked in a local state department in Ningbo as an engineer, and then he went to Guangzhou and worked for Sybase there. He founded NetEase and became the richest individual in Chinese mainland in the year of 7.

Init was confirmed that Ding branched NetEase's activities out into pork production. From Wikipedia, the free encyclopedia. Redirected from William Ding. For the automotive entrepreneur and politician, see Ding Lei businessman, born This is a Chinese name ; the family name is Ding. NingboZhejiangChina. Wang Xunfang m. The Chronicle. Retrieved Archived from the original on Tech in Asia. Hidden categories: Articles with hCards Articles containing Chinese-language text.

Namespaces Article Talk. Views Read Edit View history. By using this site, you agree to the Terms of Use and Privacy Policy.NetEase, Inc. But what if there is still an opportunity to buy? View our latest analysis for NetEase. Great news for investors — NetEase is still trading at a fairly cheap price.

Alibaba acquires NetEase Kaola in deal worth $2 billion

This is because the stock is less volatile than the wider market given its low beta. This certainty tips the risk-return scale towards higher risk. Are you a shareholder?

Although NTES is currently undervalued, the negative outlook does bring on some uncertainty, which equates to higher risk. Consider whether you want to increase your portfolio exposure to NTES, or whether diversifying into another stock may be a better move for your total risk and return.

Are you a potential investor? Given its current undervaluation, now is a great time to make a decision. But keep in mind the risks that come with negative growth prospects in the future. Price is just the tip of the iceberg. Dig deeper into what truly matters — the fundamentals — before you make a decision on NetEase.

You can find everything you need to know about NetEase in the latest infographic research report. If you are no longer interested in NetEase, you can use our free platform to see my list of over 50 other stocks with a high growth potential. If you spot an error that warrants correction, please contact the editor at editorial-team simplywallst. This article by Simply Wall St is general in nature.

netease net worth

It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

NetEase’s Post-Earnings Sell-Off Is a Buying Opportunity

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading. Related Quotes.

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