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NetEase

NetEase

NetEase is a Hangzhou, China-based internet technology company that develops games for PC and mobile and provides online services.

NetEase Games (a division of NetEase headquartered in Guangzhou, China) was founded in 2001 with the goal of becoming the top global publisher and developer. Over the years, our love of games translated to success. Developing and releasing mega-hit mobile products like Fantasy Westward Journey, partnering in 2008 to publish Blizzard’s games and working with Mojang to launch Minecraft: Pocket Edition in Asia really put NetEase on the map in the gaming arena.

Year after year since, the company has continued to release successful mobile products and today NetEase Games is ranked No. 3 on App Annie’s Annual List of the Top 52 Highest Earnings Publishers in the world for iOS and Google Play Stores in 2016 (up six spots from No. 9 in 2015).

History

The company was founded in June 1997 by Chinese entrepreneur Ding Lei, and grew rapidly due in part to its investment in search engine technology. In 2012 the company's official English name was changed from NetEase.com, Inc to NetEase, Inc.

Early in the company's history, top executives quit amid possible ad revenue misreporting and buy-out talks with i-Cable Communications and others were reported.

In 2008, the 163.com domain attracted at least 1.8 million visitors annually by 2008 according to a Compete.com survey. In 2010 the site was the 28th most visited site in the world according to Alexa's internet rankings. NetEase's official website address is 163.com. This was attributed to the past when Chinese internet users had to dial "163" to connect to the internet, before the availability of broadband internet. NetEase is the largest provider of free e-mail services in China with more than 940 million users as of 2017. In addition to 163.com, the company also runs 188.com, 126.com and more.

The company also operates a news website at news.163.com along with an associated app.

Timeline

June 15, 2020
NetEase announces a strategic partnership with Warner Bros Interactive Entertainment to develop a new "Lord of the Rings" mobile game, bolstering its pipeline following its secondary listing in Hong Kong.
September 2019
NetEase announces the sell of its chinese e-commerce business Kaola to Alibaba Group Holding Ltd for $2 billion.
May 20, 2019
NetEase launches Pokémon mobile game in China.

Funding Rounds

Patents

Further Resources

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News

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Title
Author
Date
Publisher
Description
Alex Wilhelm
August 9, 2021
TechCrunch
We should expect more of the same from the Chinese government: More complaints about the impact of "excessive" capital in its industries, more tumbling share prices and more held IPOs.
Zhanhang Ye
August 2, 2021
TechNode
Cloud Village Inc, the music streaming unit of NetEase, was approved by the Hong Kong Stock Exchange to go public.
NetEase, Inc.
May 18, 2021
www.prnewswire.com:443
/PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers,...
NetEase, Inc.
April 28, 2021
www.prnewswire.com:443
/PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999) today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31,...
NetEase, Inc.
April 27, 2021
www.prnewswire.com:443
/PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers,...
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