The Latest Breaking News from NetEase

American game developer Blizzard Entertainment says it will suspend most of its game services in mainland China after current licensing agreements end with Chinese games company NetEase

Video game stocks are likely to stage a comeback in 2023 as publishers release a bigger slate of new games, Morgan Stanley says.

Activision Blizzard, Inc's (NASDAQ:ATVI) Blizzard Entertainment closed the acquisition of the Boston-based studio Proletariat. The financial terms of the transaction remain undisclosed. The acquisition will help better serve players in the multiplayer online role-playing game World of Warcraft. "Over the next two years, we plan to hire hundreds of the best developers to…

NetEase (NASDAQ:NTES) has outperformed the market over the past 15 years by 17.64% on an annualized basis producing an average annual return of 23.84%. Currently, NetEase has a market capitalization of $61.32 billion.

The Dow Jones and other major stock indexes were down modestly Monday afternoon after a bullish week. Small caps outperformed.

TikTok parent ByteDance Ltd's gaming foray exudes promise as spending across its mobile titles grew over the past year, according to Sensor Tower. The report highlighted TikTok owner generated $1 billion of player spending across its mobile games as of the year ended June 20, 2022, up 16% year-on-year. ByteDance had set…

The Chinese government is imposing restrictions on gaming companies such as NetEase to prevent addiction. The measures are delaying the release of major titles such as “Diablo Immortal,” hurting the industry.

This delay comes after Diablo Immortal's official account on Weibo was banned.

NetEase (NASDAQ:NTES) has outperformed the market over the past 15 years by 19.2% on an annualized basis producing an average annual return of 25.44%. Currently, NetEase has a market capitalization of $67.14 billion.