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0 0.00116561437591068 0.0031083050024283 0.00155415250121415 -0.00126177756192319 -0.00728508984944148 -0.0064594463331715 -0.000971345313258808
Stock impact report

NetEase's Billionaire CEO Slashes Jobs and Games in Profit Push [Yahoo! Finance Canada]

NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares (NTES) 
Last netease, inc. - american depositary shares, each representing 5 ordinary shares earnings: 2/26 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: netease.com
Most Read from Bloomberg Ding, 53, who founded the company and is chief executive officer, has cut hundreds of jobs, closed or idled game studios and pulled back on international investment as he refocuses on a smaller portfolio of titles. He reasserted his leadership with a series of dramatic decisions over the past year, according to people familiar with the company's inner workings who asked to not be identified. If successful, the reorganization could strengthen NetEase's position against much larger rival Tencent Holdings Ltd. and upstarts like Mihoyo Co. If not, Ding risks undermining his own legacy. The company's gaming business, one of the world's largest, had $11.6 billion in revenue last year. On Thursday, NetEase reported December-quarter sales that fell short of analyst expectations. Revenue at the games division climbed 1.5%, but gross profit fell 2.6%. The company's topline results have been in decline for the past two quarters and growth has been in the single di Show less Read more
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