JP-NTES@EC2611A

Nomura Analysts Expect NetEase's Q1 Earnings to Exceed Market Expectations

Century Huatong Announces Significant Revenue and Profit Growth in 2025

HSBC Global Research Downgrades NetEase's US-listed Stock Target Price

Goldman Sachs Sees Sluggish Q1 for NetEase But Positive Outlook for H2

NetEase Youdao Announces 2025 Annual Report and Shareholding Structure

NetEase Publishes 20-F Filing Revealing Equity Structure and Financial Data

NetEase Yanxuan Announces Focus on Pet Business and Launches Globalization Strategy

OpenClaw Founder Praises NetEase's LobsterAI Product

NetEase Cloud Music Fully Integrates OpenClaw and Opens Core Music Service Capabilities

NetEase Cloud Music Fully Integrates OpenClaw to Open Up Music Services

NetEase Interactive Entertainment Clarifies Rumors of Gradual Replacement of External Personnel

NetEase Smart Enterprise Launches Security Skill for Preemptive AI Application Protection

NetEase Intelligent Enterprise Showcases AI Deployment Experience and Launches Enterprise Platform

NetEase Dao Launches Fully Open-Source AI Agent Product 'LobsterAI'

NetEase Returns to Gaming Business for Significant Revenue Rebound

Netease Triggered HKEX Trading Center Shift Clause, May Become a Dual Primary Listed Company

Netease to Cease Funding of Yasuhira Miyagi's Studio

NetEase Receives HKEX Notice to Convert to Dual Primary Listing

NetEase Evaluating Exchange Notice Impact and Considering Conversion to Dual Primary Listing in Hong Kong

GF Securities Reiterates Buy Rating on NetEase with Price Target

SOMERLEY CAP

NICHE-TECH SEMI

CPM GROUP

TIANLI HOLDINGS

FUTONG TECH

SINO ICT

COSMOS MACH

UBOT HOLDING

AHSAY BACKUP

GW TIANDI

002558

NTES

09999

516190

516010

517770

The National Press and Publication Administration has approved 154 online games in April, including 147 domestic and 7 imported titles. Notable domestic games include "Sea of Oblivion" by NTES-S and "Cage of Ice and Snow" by GIANT NETWORK. The imported game "ARC Raiders" won the TGA Best Multiplayer Game award. Short selling data for NTES-S shows $233.24M with a ratio of 22.760%.

- The National Press and Publication Administration approved 147 domestic and 7 imported online games in April.  
- Notable domestic games include "Sea of Oblivion" and "Cage of Ice and Snow," while the imported game "ARC Raiders" won the TGA Best Multiplayer Game award.  
- The information provided includes detailed financial data on short selling for specific stocks, with disclaimers regarding translation accuracy.

AASTOCKS News

Giant Network

NetEase

NTES-S

ChinaAMC CSI Cultural Entertainment Media ETF

Guotai CSI Animation Game ETF

AXA SPDB CSI Hugangshen Game and Culture Media ETF

Mainland Approves 154 Domestic and Imported Online Games in Apr

GAMR

ESPO

HSBC Global Research has reduced its target price for NetEasefrom $289 to $265, maintaining a Buy rating. The downgrade follows an 18% year-to-date decline in the stock, attributed to lower sector valuations and a lack of new game launches. The firm cut its 2026-2028 non-GAAP net profit forecasts by 6-7%, citing reduced expectations for several mobile games. Despite anticipated weak performance in the first half of 2026, growth is expected in the second half and 2027 with new game releases.

- NetEase's U.S. stock has decreased by 18% year-to-date, attributed to lower sector valuations and no new game launches.  
- HSBC Global Research has reduced its 2026-2028 non-GAAP net profit forecasts by 6-7% due to lowered projections for certain mobile games, predicting weak performance in the first half of 2026.  
- The broker has adjusted its target price for NetEase's H-shares from $289 to $265 while maintaining a Buy rating, anticipating growth from game launches in the second half of 2026 and 2027.

Wedbush ETFMG Video Game Tech ETF

VanEck Video Gaming and eSport ETF

HSBC

HSBC HOLDINGS

HSBC 5xShortSG241213

HSBC Holdings Plc

HSBC Research Trims NTES-S  TP to $265, Cuts 2026-2028 Earnings Forecasts by 6-7%

BABA

BIDU

09988

09888

KWEB

The Hang Seng TECH Index intraday gain widened to 3%, with Baidu rising over 7% and Alibaba and NetEase gaining more than 4%

Wallstreetcn

Alibaba

Baidu

BABA-W

BIDU-SW

Hang Seng TECH Index

Direxion FTSE China Bull 3X

Krne Csi China Internet

Dacheng Hang Seng Technology ETF(QDII)

E Fund CSI HK Connect Internet ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

BABA 2x Long Daily ETF - GraniteShares

Hang Seng TECH ETF I

HSTECH ETF

Tianhong Hang Seng TECH ETF(QDII)

ChinaAMC Hang Seng Technology ETF(QDII)

KraneShares 2x Long BABA Daily ETF

Hwabao CSI HK Equities Internet ETF

CSOP HS TECH

BIDU-SWR

BABA-WR

Alibaba HK SDR 5to1

09899

The Hang Seng Index opened 0.68% higher, while the Hang Seng Tech Index rose 1.31%. Baidu and NetEase gained over 3%, and Alibaba and JD rose more than 2%

NETEASE MUSIC

JD-SW

JD LOGISTICS

JD HEALTH

KraneShares 2x Long JD Daily ETF

Hang Seng Index

JD.com

JD-SWR

NetEase today released its 20-F filing, showing that CEO Ding Lei holds 45.5% of the shares, with a net worth of 222.8 billion yuan and dividends exceeding 5 billion yuan. Ding Lei owns 1,450,300,000 shares, and NetEase's market value is HKD 562.6 billion, with a stock price of HKD 177.7. The dividend for 2025 is USD 0.595 per share, and Ding Lei will receive a total dividend of USD 863 million. NetEase has 25,382 employees and holds 56.6% of Youdao and 61.6% of Cloud Music

- NetEase filed its 20-F document showing CEO and Board member William Ding holds 45.5% of shares, totaling 1.45 billion shares.  
- As of April 15, 2026, NetEase's stock closed at HK$177.7, with a market capitalization of HK$562.6 billion, resulting in Ding's net worth of approximately HK$255.9 billion.  
- In 2025, NetEase's total revenue was around 112.6 billion yuan, with a net profit of approximately 34.8 billion yuan, amid significant staff turnover in its gaming division.

雷帝触网

Youdao

NetEase equity exposure: Ding Lei holds 45.5% of the shares, with a net worth of 222.8 billion, receiving over 5 billion in dividends in a year

BILI

36Kr learned that most popular Chinese concept stocks fell in pre-market trading in the US. As of the time of writing, Li Auto fell over 2%, Alibaba and JD.com fell over 1%, XPeng Group fell 0.86%, NetEase fell 0.55%, PDD fell 0.31%, Nio rose over 1%, Baidu rose 0.68%, and Bilibili rose 0.17%

36Kr

Bilibili

LI AUTO-W

XPeng

NIO-SW

BILIBILI-W

XPENG-W

Most popular Chinese concept stocks are down in pre-market trading in the US, with Li Auto falling over 2%

TCTZF

09626

00700

TCEHY

Liu Xiaochun, Director of the Internet Law Research Center at the University of Chinese Academy of Social Sciences, stated that the new regulations on live streaming tipping aim to address chaos in the industry, particularly regarding the protection of minors. Minors' tipping behavior while watching live streams often does not align with their cognitive abilities, potentially leading to irrational and high-value tipping. Platforms and streamers may also engage in guiding or inducing such behavior

Tencent Holdings Limited

Tencent Music

KUAISHOU-W

TENCENT

Tencent

Global X Funds Social Media

Why Were 11 Regulations on Live Streaming Tipping Introduced and What Is Their Significance? Expert Analysis

Hong Kong stocks opened lower today, with the Hang Seng Index dropping 0.71% and the Hang Seng Tech Index falling 0.69%. According to Jin10, technology stocks led the decline, with Baidudown over 3% and NetEase-Sfalling more than 2%.

CoinLive

Hong Kong Stocks Open Lower as Tech Shares Decline

01698

MSGE

NetEase, Tencent Music Entertainment Group, Warner Music Group, Dolby Laboratories, and Madison Square Garden Entertainment are highlighted as top music stocks to watch according to MarketBeat. These companies are involved in various aspects of the music industry, including streaming, publishing, and audio technology. Investors are drawn to these stocks for potential revenue from streaming subscriptions, licensing, and live events, while also facing risks from market changes and technology disruptions.

- MarketBeat highlights five music stocks to watch: NetEase, Tencent Music Entertainment, Warner Music Group, Dolby Laboratories, and Madison Square Garden Entertainment, based on high trading volumes.  
- These companies are involved in various aspects of the music industry, including streaming, publishing, and audio technology, offering investors exposure to diverse revenue streams.  
- Risks associated with these investments include changing consumer preferences, licensing complexities, and technological disruptions affecting the industry.

Market Beat

Dolby Laboratories

Warner Music Group - CL

TME-SW

Madison Square Garden ENT

Top Music Stocks Worth Watching - April 11th

HERO

JP Morgan regards NetEase as the top choice in China's digital entertainment sector in its research report, giving it an "Overweight" rating, and expects its price-to-earnings ratio to be attractive in the next 12 months. The report also mentions that Bilibili has been given an "Overweight" rating due to its profit growth and the upcoming new advertising and game release cycle. Kuaishou is rated as "Neutral," with investors focusing on its competition in the AI field

AASTOCKS

Global X Video Games & Esports ETF

JP Morgan views NetEase as the top choice in digital entertainment and assigns an "Overweight" rating

Under China's unique game licensing system, AI is not a disruptor to existing major operators but an amplifier of their competitive advantages. Licensing barriers block the impact of massive new games, allowing large companies to steadily enjoy the huge benefits of AI in cost reduction, efficiency improvement, and revitalizing existing user bases. JPMorgan believes the recent valuation compression experienced by companies like Tencent and NetEase is a market misjudgment

- Morgan Stanley asserts that the recent valuation decline of major Chinese gaming operators like Tencent and NetEase reflects a misunderstanding of AI's impact within China's unique regulatory environment.  
- Unlike in open markets, China's strict licensing system limits new game approvals, making AI a tool that amplifies existing operators' advantages rather than disrupts them.  
- As the narrative shifts from viewing AI as a threat to recognizing its role in strengthening established companies, Tencent and NetEase could see significant valuation increases.

AI Disrupting China's Online Gaming? JPMorgan: Market Is Ignoring the Real Moat

JP Morgan's research report points out that although the market is concerned that artificial intelligence will disrupt China's online gaming industry, in reality, the application of AI will benefit large operators such as Tencent and Nio. The report believes that AI will help these companies update their game portfolios, integrate production processes, attract small creators, and enhance functions such as anti-cheating and player retention. JP Morgan has rated Tencent and Nio as "overweight," believing that the market's downgrade of these two companies is incorrect

iShares China Large Cap

"Big Banks" JP Morgan: The game license system becomes a moat, Tencent and NetEase will become beneficiaries of AI

159695

CLOU

159998

DTCR

On April 7th, NetEase's one-stop enterprise service provider NetEase Zhiqi officially signed a strategic cooperation agreement with Agora, a provider of conversational AI and real-time audio and video cloud services. The two parties will engage in long-term in-depth cooperation in areas such as real-time audio and video, content security, and AI Agent, jointly providing enterprise clients with more comprehensive and secure one-stop intelligent solutions through product integration and ecological co-creation

Harvest CNI Communication ETF

Global X Cloud Computing ETF

GF Fund CNI Communication ETF

Comm Servcies Select Sector SPDR

Tianhong CSI Computer Theme ETF

iShares Expanded Tech Software Sector ETF

iShares US Telecommunications

E Fund CSI Telecom Thematic ETF

Agora

Global X Data Center & Dgtl Infrs ETF

Guotai CSI All Share Communications Equipment ETF

ChinaAMC CSI 5G Communication ETF

SPDR S&P Software

NetEase Intelligent Enterprise and Agora will carry out long-term in-depth cooperation in areas such as real-time audio and video, AI Agent, and more

SRVR

IDGT

36Kr learned that on April 7th, NetEase Youdao officially announced the launch of its first AI knowledge base product, "Youdao Baoku." This product is positioned as an AI research assistant and thinking partner, focusing on deep understanding and structured reconstruction of knowledge. It can provide users with one-stop knowledge management, AI intelligent Q&A, and multimodal content generation services, filling the market gap for domestically adapted AI knowledge collaboration platforms

Pacer Data & Infrastructure Real Estate ETF

iShares US Digital Infrastructure and Real Estate ETF

NetEase launches its first localized AI knowledge base "Youdao Treasure"

JP-NTES@EC2611A(27852.HK)