NetEase (NTES) is set to report fourth-quarter 2023 results on Feb 29.The Zacks Consensus Estimate for fourth-quarter revenues currently stands at $3.96 billion, suggesting an increase of 7.6% from the figure reported in the year-ago quarter.The consensus mark for earnings has moved downward by 3 cents to $1.80 per share over the past 60 days, indicating a 68.2% increase from the year-ago quarter’s reported figure.The company’s earnings beat the Zacks Consensus Estimate thrice in the trailing four quarters ...

HANGZHOU, China, Feb. 7, 2024 /PRNewswire/ -- Cloud Music Inc. (HKEX: 9899 or the "Company"), a well-known online music platform featuring a vibrant content community, today announced that it will report its financial results for the fiscal year of 2023 ended December 31, 2023 on Thursday, February 29, 2024, after the Hong Kong market closes.The Company's management will host an earnings conference call at 7:00 p.m. Beijing/Hong Kong Time on Thursday, February 29, 2024 (6:00 a.m. U.S. Eastern Time on the sa ...

HANGZHOU, China, Feb. 7, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today announced that it will report its fourth quarter and fiscal year 2023 financial results on Thursday, February 29, 2024, before the open of the U.S. markets.The earnings teleconference call with simultaneous webcast will take place at 5:00 a.m. Eastern Time on Thursday, February 29, 2024 (Beijing/Hong Kong Time: 6:00 p.m., Thursda ...

Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of billions of dollars off the market value of local titans.The link to the draft rules was no longer accessible as of this morning, as first reported by Reuters. Shares of Tencent and NetEase jumped on the news.The move follows Beijing also removing a key official – the head of the publication bureau of Communist Party’s Propaganda Department – over the handling of ...

Editor's note: Seeking Alpha is proud to welcome ERIC JIAQING WU as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Young777/E+ via Getty Images Executive Summary: Buy recommendation issued for NetEase Inc (NASDAQ:NTES). Per share value estimated to be $86.39, $98.15, and $ 104.17 in the pessimistic, base, and optimistic case respectively. At a market price ...

ToplineThe Chinese government has ousted a top official in charge of regulating the country’s gaming industry, according to reports, in a likely effort to stem the damage from a stock market rout over proposed restrictions on online games in late December.China's gaming industry faced a stock market route just before Christmas holidays after a new ... [+] proposal sought curbs on spending and engagement from players.AFP via Getty Images Key FactsFeng Shixin was forced to step down from his role as the publi ...

Recently beaten-down China online gaming stocks rebounded on Wednesday in Hong Kong on news of a more conciliatory tone on the sector by the country’s top gaming regulator. Shares of NetEase Inc. NTES, -4.20% and Tencent Holdings Ltd. 700, +4.01% climbed 11% and 4%, respectively in Hong Kong. In U.S. trading, NetEase failed to get a lift, falling 4% and rival gamer Huya Inc. HUYA, -1.34% slipping 0.7%, even after both rose in premarket trading. Tencent is the parent of Tencent Music Entertainment Group  TME ...

ToplineA Chinese government regulator released new draft regulations targeting spending and engagement on online games on Friday, causing listed shares of major domestic gaming giants to crater amid fears of another crackdown on video games in one of the world’s largest markets for the medium.File Photo: People play online video games in a game arcade in Beijing, China.Getty Images Key FactsThe new draft rules published by China’s National Press and Publication Administration seek to limit the amount of tim ...

Shares of NetEase Inc. and Tencent Holdings Inc. fell sharply on Friday after Chinese authorities announced draft rules to crack down on spending and rewards in online gaming. In a statement, China’s National Press and Publication Administration, the top gaming regulator, proposed curbs on excessive spending on games by consumers, and bans on rewards from multiple logins and pop-up rules that would warn users against overspending on such games.The draft rules also said content of any games should be prohibi ...

In this article9999-HKChina's first offline esports experience hall Tencent V-Station, Shanghai, China, October 31, 2020.Costfoto | Future Publishing | Getty ImagesTencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending.The draft guidelines from China's National Press and Publication Administration sank the Hong Kong-listed shares of Tencent, NetEase and Bilibili — among the largest online gam ...