Key Developments: NetEase, Inc (NTES.OQ)
19 Dec 2013
Latest Key Developments (Source: Significant Developments)
NetEase, Inc announced that its Board of Directors declared a special cash dividend of USD0.04 per ordinary share, which is equivalent to USD1.00 per ADS (each ADS represents 25 ordinary shares). The special cash dividend is payable to shareholders of record as of January 15, 2013 and is expected to be paid on January 18, 2013. Full Article
Ku6 Media Co Ltd announced that it has entered into an agreement with famous Chinese Internet company NetEase, Inc. to be the video hosting provider for its microblog business. Pursuant to the agreement, Ku6 will provide technology support to video related activities on NetEase microblog platform, including video uploading and sharing. Meanwhile, NetEase microblog users will be given access to Ku6 Media video contents via embedded Ku6 Media video players. Full Article
NetEase.com, Inc. announced that it has received shareholder approval at the Company's extraordinary general meeting of shareholders (EGM) to change its corporate name from NetEase.com, Inc. to NetEase, Inc. Full Article
- Chinese online game developer Giant Interactive Group Inc received a go-private offer from Chairman Yuzhu Shi and an affiliate of Baring Private Equity Asia, valuing the company at about $2.8 billion.