236.82 0.00 (0.00%)
After hours: 4:08PM EST
|Bid||235.80 x 1300|
|Ask||237.80 x 800|
|Day's Range||232.52 - 240.50|
|52 Week Range||184.60 - 377.64|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||35.51|
|Forward Dividend & Yield||1.67 (0.71%)|
|1y Target Est||N/A|
China appoints online video games ethics committee to review games, brightening chances of the resumption of the approval process.
Chinese regulators have set up an online video games ethics committee that has already reviewed 20 titles, state media said, raising hopes the government was preparing to resume an approval process that has been frozen for most of this year. China, the world's biggest gaming market, stopped approving new titles from March amid a regulatory overhaul triggered by growing criticism of video games for being violent and leading to myopia as well as addiction among young users. The freeze on new approvals has pressured gaming-related stocks and clouded the outlook for mobile games, with industry leader Tencent Holdings reporting its first profit decline in more than a decade in the June quarter.
BEIJING—Chinese regulators set up a new committee to review online games, in a step videogaming industry executives and consultants said presaged an end to a crippling freeze on new game approvals. State media reported the new “online game ethics committee” on Friday, and industry executives said the news caught them by surprise. The ethics committee, which falls under the Communist Party’s Propaganda Department, will review games for content and set out guidelines for companies on how to “abide by social morality,” according to a Friday report from Xinhua News Agency.
Dolce & Gabbana's co-founders asked for China's "forgiveness" on Friday, trying to salvage a crucial market for the luxury brand after a backlash against its latest advertising campaign. The Italian fashion house cancelled a marquee show in Shanghai on Wednesday after celebrities and social media users threatened a boycott over the campaign, which led e-commerce firms to pull Dolce & Gabbana items on Thursday. The furore is a setback for one of Italy's best-known fashion brands in China, where rivals from Louis Vuitton of LVMH to Kering's Gucci are vying to expand.
Chinese e-commerce sites have removed Dolce & Gabbana products amid a spiralling backlash against an advertising campaign that was decried as racist by celebrities and on social media. The blunder was compounded when screenshots were circulated online of a private Instagram conversation, in which the brand's designer Stefano Gabbana makes a reference to "China Ignorant Dirty Smelling Mafia" and uses the smiling poo emoji to describe the country. Chinese customers account for more than a third of spending on luxury products worldwide, and are increasingly shopping for these in their home market rather than on overseas trips.
Chinese e-commerce sites have removed Dolce & Gabbana products amid a spiralling backlash following a series of ads that were condemned as "racist" by celebrities and on social media. NetEase Inc e-commerce platform Kaola confirmed it had removed Dolce & Gabbana products while luxury goods retailer Secoo said it removed the brand's listings on Wednesday evening. Checks done by Reuters on Thursday morning showed pages that previously linked to Dolce & Gabbana products on the e-commerce sites hosted by Alibaba Group Holding Ltd and JD.com Inc were no longer available and searches for the brand returned no products.
Companies in the MSCI emerging-market tech gauge are missing earnings forecasts for the first time in almost 18 months, based on 12-month rolling data. Combined with deepening trade tensions, that’s leading analysts to cut their profit forecasts for an industry dominated by Taiwanese semiconductor makers and Chinese Internet firms. Emerging-market tech stocks have slumped 29 percent since Jan. 26, leading a 24 percent decline in the broader MSCI EM Index.
Now education firms are in the Chinese government’s crosshairs, roiling stocks and reminding investors how quickly their fortunes can change in a country rife with regulatory risk. RYB Education Inc. and Bright Scholar Education Holdings Ltd. both plunged by records in U.S. trading, while Vtron Group Co. and China Maple Leaf Educational Systems Ltd. sank in Shenzhen and Hong Kong after the government unveiled new rules that prohibit companies from financing for-profit kindergartens via the equity market. The losses echoed declines in Chinese peer-to-peer lenders, gamemakers and pharmaceutical companies after regulators increased scrutiny of the industries this year.
The Beijing-based company said it had net income of $1.80 per share. Earnings, adjusted for non-recurring costs, came to $2.55 per share. The internet technology company posted revenue of $2.45 billion ...
NetEase, Inc. (NASDAQ: NTES ) will be releasing its next round of earnings this Wednesday, Nov. 14. For all of the relevant information, here is your guide for the Q3 earnings announcement. Earnings and ...
NetEase and Vipshop Holdings report after Wednesday's market close. Revenue should move higher and earnings should move lower for both companies.
As Tencent Music, China's largest streaming firm, reportedly stalls on its proposed U.S. IPO, one of its closest challengers is doubling down. NetEase Cloud Music, a rival operated by games and publishing giant NetEase, just closed a fresh $600 million injection from a bevy of investors that include Baidu and General Atlantic, the company announced this week. NetEase will maintain a majority share in the company following this deal although it isn't clear what the valuation is. The business is already valued at over $1 billion, that landmark was reached last year when it raised 750 million RMB, that was around $108 million at the time.
The video game publisher's stock sold off after fans roundly rejected its latest game. Should investors buy or beware?
"Diablo Immortal," a new mobile video game from Blizzard Entertainment, got a negative response from hardcore fans hoping for a sequel to the franchise for personal computers.
Based on NetEase Inc’s (NASDAQ:NTES) earnings update in June 2018, it seems that analyst expectations are fairly bearish, with earnings expected to grow by 12% in the upcoming year relative Read More...