NetEase, inc. - NTES STOCK NEWS

NetEase, Inc. (NASDAQ: NTES) announced it will release its financial results for the first quarter of 2022 on May 24, 2022, before U.S. market opening. Following the earnings report, a teleconference and webcast will occur at 8:00 a.m. ET, where management will discuss the results and address questions. Interested parties can join the call by dialing in 15 minutes early. A replay will be available until June 6, 2022. NetEase is a leading internet technology company in China, known for its innovative online services and gaming portfolio.

NetEase, Inc. (NASDAQ: NTES) announced an update regarding its status under the Holding Foreign Companies Accountable Act (HFCAA). On May 4, 2022, the SEC provisionally identified NetEase as a Commission-Identified Issuer due to an audit report that the PCAOB cannot inspect. If this situation persists for three years, NetEase’s shares may be prohibited from trading in the U.S. The company reassured that its ADSs continue to trade on Nasdaq and emphasized that this update does not affect business operations.

NetEase Games has announced the launch of its first-ever first-party studio in the United States, named Jackalope Games, located in Austin, Texas. This studio will focus on creating engaging PC and console games, operating with full creative autonomy. Led by industry veteran Jack Emmert, known for titles like City of Heroes and Neverwinter, Jackalope will produce its inaugural project fully funded by NetEase. The establishment underscores NetEase's commitment to innovation and expanding its global gaming presence.

NetEase, Inc. (NASDAQ: NTES) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021. The report is available on the Company’s investor relations website. Shareholders and ADS holders can request a hard copy of the annual report containing audited consolidated financial statements free of charge. NetEase is a leading internet technology company in China, known for its innovative online services, games, and e-commerce platforms.

Blizzard Entertainment announced that Diablo Immortal will launch on June 2, with over 30 million players pre-registered globally. The game, designed for mobile and PC, features cross-play and cross-progression. Players can choose from six classes and explore a new storyline, with content updates planned post-launch. Notably, the title is free-to-play, supported by in-game purchases. The Open Beta for PC will include all features and retain player progress. Blizzard aims to deliver an AAA experience that captures the franchise's legacy.

The NetEase Games Developer Summit 2022 will be held from April 18-21 in Guangzhou, China. This event aims to gather industry experts to discuss key video game development topics and trends. Following the success of last year's summit, which attracted over 110,000 viewers, this year will feature notable speakers, including Filip Coulianos and Toshihiro Nagoshi. It will focus on Art, Game Design, and Programming, showcasing the evolving nature of game production and localization challenges. Highlights will be available on NetEase Games' YouTube channel.

Cloud Village Inc. (HKEX: 9899), also known as NetEase Cloud Music, reported a significant 42.9% growth in revenue for the fiscal year ending December 31, 2021, totaling RMB6,997.6 million compared to RMB4,895.7 million in 2020. The company achieved a gross profit of RMB142.7 million, reversing a loss of RMB595.3 million from the previous year. Despite narrowing its net loss by 30.3% to RMB2.1 billion, the average revenue per paying user decreased to RMB6.7 from RMB8.4. Monthly active users (MAUs) grew to 182.6 million.

NetEase, Inc. (NASDAQ: NTES) will present 26 speeches at the 2022 Game Developers Conference (GDC) in San Francisco from March 21-25. The talks will showcase the company's blockbuster titles and advancements in game technology, focusing on oriental fantasy themes. Notable topics include accessibility in gaming, AI-driven animation, and lessons in early game evaluation. NetEase aims to highlight its innovative approaches in game development and operations, reinforcing its status as a leading internet and gaming service provider in China and beyond.

Cloud Village Inc. (HKEX: 9899), a leading interactive music streaming service provider in China, is scheduled to report its financial results for the fiscal year 2021 on March 24, 2022. The announcement will include key financial performance metrics and business updates, which will be accessible on the company's investor relations website and the Hong Kong Stock Exchange. Founded by NetEase, Inc. (NASDAQ: NTES), Cloud Village focuses on user interaction and promoting emerging musicians, targeting China's Generation Z demographic.