NetEase, inc. - NTES STOCK NEWS

Youdao, Inc. (NYSE: DAO) announced it will report its Q4 and fiscal year 2022 financial results on February 23, 2023, before the U.S. market opens. The earnings teleconference is set for 5:00 a.m. ET on the same day, with management discussing the results and answering questions. Investors can access the call via dial-in numbers and a webcast on the company's investor relations website. Youdao specializes in intelligent learning technologies in China and offers various education solutions and applications.

Cloud Music Inc. (HKEX: 9899), China’s leading music streaming service, reports that Chenyu Hua's latest album, "希忘 (Xiwang) Hope," has exceeded RMB20 million in sales (over 760,000 copies) within two weeks of its release on December 31, 2022. It ranks as the Best-selling Digital Album of 2022 on the platform and the fourth best-selling digital album of all time on NetEase Cloud Music. The album's rapid sales growth reflects strong user engagement and a willingness to pay for premium content, further solidifying NetEase Cloud Music's position in the competitive Chinese online music market.

Cloud Music Inc. has announced a new licensing agreement with B'in Music International Co., Ltd. for digital music distribution. This partnership allows NetEase Cloud Music to access B'in Music's extensive catalog, including rights to the influential C-pop band Mayday. The agreement aims to enhance the visibility of popular C-pop artists and enrich user experience on NetEase's platform. Additionally, NetEase Cloud Music has been expanding its partnerships with other top record labels to diversify its music offerings.

NetEase, Inc. (NASDAQ: NTES) announced the resignation of Mr. Lun Feng from its board of directors, effective December 31, 2022, citing personal reasons. The board has five members, including four independent directors, and stated there are no other matters requiring shareholder attention. The company, a leading internet technology provider in China, is known for its gaming services and various subsidiaries, including Youdao and Cloud Music. NetEase continues to focus on delivering engaging online experiences and maintaining strong ESG initiatives.

Cloud Music Inc. (HKEX: 9899), a leading interactive music streaming service in China, has signed a licensing agreement with Pony Canyon Inc., enhancing its music catalog with popular J-pop and anime content. This partnership will allow Cloud Music to distribute Pony Canyon's extensive music portfolio, which includes renowned artists and anime series. The collaboration aims to enrich content offerings for Chinese audiences and further establish Cloud Music as a destination for diverse music interests, especially among the youth.

As of December 8, 2022, Cloud Music Inc. reported that digital album sales of South Korean girl group (G)I-DLE have surpassed RMB20 million on its platform, NetEase Cloud Music. The group's first album, I NEVER DIE, sold over 560,000 copies and generated over 110 million streams. Their latest release, I LOVE, reached over 510,000 copies sold since its October 2022 launch, showcasing the platform's strong marketing and copyright management. With a dedicated fan base of 1.3 million, (G)I-DLE’s success highlights NetEase Cloud Music’s robust position in China's interactive music streaming market.

Cloud Music Inc. (HKEX: 9899), a leading music streaming service in China, has renewed its licensing agreement with Avex, a prominent Japanese entertainment conglomerate. This agreement allows Cloud Music to distribute Avex's extensive music catalog in China. Both companies will collaborate to promote J-pop artists and enhance user engagement. Cloud Music continues to expand its partnerships with top record labels, aiming to enrich its content offerings and cater to diverse musical preferences among its user base.

NetEase, Inc. (NASDAQ: NTES) reported its Q3 2022 financial results with net revenues of RMB24.4 billion (US$3.4 billion), marking a 10.1% year-over-year increase. Key revenue drivers included games revenues at RMB18.7 billion (up 9.1%), and Cloud Music revenue rising 22.5% to RMB2.4 billion. Gross profit reached RMB13.7 billion (up 16.4%), while net income attributable to shareholders was RMB6.7 billion (US$941.8 million). The company also announced a dividend of US$0.0870 per share, effective December 2022. Despite licensing agreements for Blizzard titles expiring in January 2023, the impact is deemed minimal.