NetEase (9999.HK) edged up 0.35% in Hong Kong trading to HK$199.70, after climbing as much as 3% to HK$207.80 earlier in the session before paring most of its gains.

Qianheyibang, a 3D compute-in-memory chip startup co-incubated by NetEase, closed a Series B round of more than 2 billion yuan, drawing investment from the National Adjustment Fund and China Mobile's Chain Leader Fund. The two-year-old company aims to address data-transmission bottlenecks in AI computing through 3D integration technology.

Separately, NetEase announced at Gamescom that its 2D urban-adventure game will launch globally on Jan. 15, 2027, arriving on PS5, PC and mobile platforms with DLSS 4 and ray-tracing support.

Overnight, NetEase's US-listed shares gained about 4.7%, alongside a broader rally in Chinese ADRs.