|Bid||0.00 x 100|
|Ask||0.00 x 300|
|Day's Range||212.74 - 220.08|
|52 Week Range||184.60 - 377.64|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||27.80|
|Earnings Date||Nov 14, 2018|
|Forward Dividend & Yield||2.44 (1.05%)|
|1y Target Est||284.87|
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.
NetEase and Vipshop Holdings report after Wednesday's market close. Revenue should move higher and earnings should move lower for both companies.
BEIJING, Nov. 12, 2018 /PRNewswire/ -- NetEase, Inc. (NTES) ("NetEase"), one of China's leading internet and online game services providers, today announced that its music streaming platform NetEase Cloud Music has completed its previously announced round of financing with investors, including strategic partner Baidu, General Atlantic, Boyu Capital and several other investors. The total amount raised was over $600 million, and NetEase remains the controlling shareholder of the NetEase Cloud Music business. With a population of 1.4 billion and upward trends in consumption, China's recorded music market is expected to expand considerably.
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...
Activision Blizzard was probably hoping for cheers from gamers when it unveiled a new mobile app in its important Diablo franchise. That didn’t happen, and now Wall Street is more skittish about the company.
HANGZHOU, China , Nov. 5, 2018 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES), one of China's leading i nternet and online game services providers, announced a collaboration with Blizzard Entertainment to ...
Seismic changes in global economies and the stock market are forcing investors to look at new ways to find companies that can add value long term, over multiple years, by adapting to these economic and market upheavals. To this end, The Boston Consulting Group (BCG) and Fortune magazine have created the Fortune Future 50, "the global companies with the best prospects for future growth." As Martin Reeves, a senior partner at BCG, writes in Fortune: "Our index is forward-looking, in the sense that it aims to measure vitality--a company's capacity to reinvent its business and sustain revenue growth. Among the stocks on this list are these 9: Vertex Pharmaceuticals Inc. ( VRTX), NetEase Inc. ( NTES), Salesforce.com Inc. ( CRM), Weibo Corp. ( WB), Geely Automobile Holdings Ltd. (GELYF), Amazon.com Inc. ( AMZN), Microchip Technology Inc. ( MCHP), Nvidia Corp. ( NVDA), and JD.com Inc. ( JD).
A base is an important concept in chart reading for growth investors. NetEase formed a pair of good ones in both 2015 and 2016
On October 12, Baidu (BIDU) made a strategic investment in NetEase Cloud Music, a unit of NetEase (NTES) and one of the leading streaming music services in China. The investment opens the way for Baidu to become NetEase Cloud Music’s strategic partner. In that position, Baidu plans to work closely with NetEase Cloud Music in areas such as copyright, content, and traffic sharing.