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NetEase Says Alibaba Buys Kaola Unit For $2 Bln
Alibaba To Buy Kaola Ecommerce Platform- FT
Netease Says Quarterly Basic Earnings Per ADS Were $3.47
NetEase, Inc. (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others. Its online games business primarily focuses on offering personal computer (PC)-client massively multi-player online role-playing games (PC-client MMORPGs), as well as mobile games to the Chinese market. The NetEase Websites provide Internet users with Chinese language online services centered over three core service categories, which include content, community and communication. Its online advertising offerings include banner advertising, direct e-mail, sponsored special events, games, contests and other activities. It offers free and fee-based premium e-mail services to its individual users and corporate users.
26F Sp Twr D Tsinghua Science Park Bld 8
No.1 Zhongguancun E Rd Haidian District
William Lei Ding
Chief Executive Officer, Director
Chief Financial Officer
Ting Bun Lee
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Alibaba Group <BABA.N> has agreed to buy e-commerce business Kaola from Chinese gaming company NetEase for $2 billion, adding a platform that specializes in supplying curated luxury goods from abroad to domestic consumers.
NetEase Inc said on Thursday it agreed to sell its Chinese e-commerce business Kaola to Alibaba Group Holding Ltd for $2 billion.
Kaola, owned by Nasdaq-listed NetEase Inc, sells apparel, household appliances and other products, and is the biggest among Chinese shopping sites selling imported goods, according to a report from consulting agency iiMedia.
Chinese gaming giant NetEase said on Monday that it would partner with The Pokemon Company and Marvel to release new games for the domestic market, as it looks to add more foreign content to its roster and shore up revenue.
China's content regulator on Friday said it has approved the monetization of 95 new video games, including titles from Tencent Holdings Ltd and NetEase Inc.
China's content regulator on Friday said it has approved 95 new video games, including titles from Tencent Holdings Ltd and NetEase Inc.
Amazon.com Inc's Chinese joint venture is in talks about a merger with local e-commerce firm Kaola, which sells imported products in the Asian country, business magazine Caijing reported on Tuesday.
Amazon.com Inc's Chinese joint venture is in talks for a merger with local e-commerce firm Kaola, which sells imported products in the Asian country, business magazine Caijing reported https://tech.sina.cn/i/gn/2019-02-19/detail-ihrfqzka7167698.d.html?from=wap on Tuesday.
Chinese regulators have approved two of Tencent's mobile games for commercial launch, the first green lights for the firm in almost a year, though they are yet to make a keenly-awaited ruling on blockbuster PlayerUnknown's Battlegrounds.
Chinese internet company NetEase said on Tuesday it would stop updating its finance website from today to rectify what it called "irregular practices" and conduct a "comprehensive correction."
* NETEASE REPORTS FIRST QUARTER 2018 UNAUDITED FINANCIAL RESULTS
Germany's Beiersdorf <BEIG.DE>, the maker of Nivea skin care products, said on Monday it had agreed a strategic cooperation with NetEase Kaola, an unit of Chinese video games publisher NetEase <NTES.O> focused on cross-border e-commerce.
* NETEASE REPORTS FOURTH QUARTER AND FISCAL YEAR 2017 UNAUDITED FINANCIAL RESULTS
* MATTEL INC - HAS ENTERED INTO A JOINT VENTURE WITH NETEASE TO FORM A PUBLISHING AND DEVELOPMENT STUDIO MATTEL163
* NETEASE REPORTS THIRD QUARTER 2017 UNAUDITED FINANCIAL RESULTS
* NetEase reports second quarter 2017 unaudited financial results
* NetEase - choi will continue to serve Netease as a consultant over coming year Source text for Eikon: Further company coverage:
* Netease reports first quarter 2017 unaudited financial results
* NetEase grew online games revenues by 62 percent in 2016 to RMB28 billion
* Q3 revenue RMB9.212 billion versus I/B/E/S view RMB9.68 billion
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.