Netease - NTES STOCK NEWS

NetEase, Inc. (NASDAQ: NTES) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2020. This report provides detailed financial information, including audited consolidated financial statements, available for shareholders upon request. NetEase, a prominent internet technology company in China, continues to expand its market presence, particularly in gaming and other online services, partnering with major developers like Blizzard Entertainment.

NetEase, Inc. (NASDAQ: NTES) will announce its financial results for Q1 2021 on May 18, 2021, before U.S. market opening. The earnings call will be held at 8:00 a.m. ET on the same day, with management discussing results and answering questions. Participants can join by calling 1-646-828-8193 and using conference ID 4996242. A replay will be available until May 31, 2021. NetEase is recognized as a leading internet technology company in China, providing diverse online services, including popular mobile and PC games, and music streaming through NetEase Cloud Music.

NetEase Cloud Music hosted its 3rd Indie Music Artists Ceremony in Hangzhou on April 23, 2021, celebrating the contributions of indie artists over the past year. The event featured over twenty awards, including Album of the Year and Male/Female Artists of the Year. To further support independent musicians, NetEase announced the "PLAY Video Project," aimed at enhancing video content creation and expanding revenue sources. With over 200,000 independent musicians on its platform, NetEase Cloud Music continues to solidify its role in transforming China’s indie music scene.

NetEase Cloud Music and Merlin have renewed their strategic partnership in China, expanding their multi-year licensing agreement to enhance marketing and promotional opportunities for Merlin's members. This collaboration aims to enrich user experience with a wider selection of independent music, catering to the demands of over 800 million users. The partnership will improve access to diverse global music, particularly benefiting independent artists and labels.

NetEase (NASDAQ: NTES) reported strong fourth quarter 2020 results, with net revenues of RMB 19.8 billion (US$3.0 billion), up 25.6% year-over-year. Online game services revenues rose 15.5% to RMB 13.4 billion (US$2.1 billion). Youdao saw a remarkable 169.7% increase in revenues, hitting RMB 1.1 billion (US$169.6 million). Gross profit reached RMB 9.9 billion (US$1.5 billion), marking a 20.9% increase. However, operating expenses surged 32.1% to RMB 6.9 billion (US$1.1 billion). The company reported a net income of RMB 975.7 million (US$149.5 million), significantly down from prior quarters due to exchange losses.

NetEase, Inc. (NASDAQ: NTES) will announce its financial results for Q4 and the fiscal year 2020 on February 25, 2021, before U.S. market open. The earnings call, featuring management discussing results and a Q&A session, will start at 7:00 a.m. ET. Interested participants can join by calling 1-646-828-8193 with conference ID 1965811. A replay will be available until March 10, 2021. NetEase continues to advance its internet technology and game services in both domestic and international markets.

IMVU Inc. has secured over $35 million in a strategic investment led by Structural Capital and NetEase, aimed at enhancing product development and expanding its growing business. This funding supports the rebranding of IMVU as Together Labs, which emphasizes authentic human connections in virtual spaces. The company experienced significant growth in 2020, boasting over 7 million monthly active users and the launch of VCOIN, enabling users to engage in peer-to-peer transactions. Together Labs is poised for further growth with the upcoming WithMe platform.

NetEase Cloud Music has set a new Guinness World Record with over 786,000 viewers for a TFBOYS concert, becoming the most viewed paid concert on a bespoke platform. This event, streamed on August 22, 2020, highlights the platform’s innovative approach during the Covid-19 pandemic by diversifying entertainment and monetization strategies. NetEase continues to develop online live shows, appealing primarily to a younger audience. The concert employed advanced technologies like mixed reality and augmented reality to enhance user experience, reinforcing NetEase's position as a leader in interactive music streaming in China.

NetEase Cloud Music has launched a new initiative called "Music Talent" to support content creators in China's thriving music industry. The program aims to help artists earn over RMB1 million annually while fostering the growth of music multi-channel network companies. Since 2016, NetEase Cloud Music has promoted original music and creativity, showcasing over 200,000 independent musicians as of October 2020. The platform will provide certified talents with support such as traffic referrals, revenue incentives, and professional guidance to enhance their content creation capabilities.