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NAS:NTES, Oct 16, 09:03 UTC

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Baidu invests in Netease cloud music, making online melody market a new battlefield for BAT - ChinaKnowledge

NTES BIDU

Within the Group it has financial terminal, publishing, newswires, research, multimedia production and a wide range of consulting services offer to foreign businesses seeking opportunities in China. Oct 15, 2018 (China Knowledge) - Netease cloud music announced, last Friday, that they got a new round of financing, and the investors include Baidu, General Atlantic, Boyu Capital, among which Baidu is a strategic investor, and Cygnus Equity serves as the exclusive financial advisor for this round of financing. This revenue generated from the latest round of financing will be used for the support of original musicians, and cooperate with partners to jointly build music ecological chain and value chain, bringing better and richer music service experience to users. Last April, Netease cloud music obtained RMB 750 million from its A round of financing, last week was its another major financing in recent years.

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Sunday, October 14


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Netease INC (NTES) Holder Mirae Asset Global Investments Lowered Stake by $26.21 Million as Share Price Declined

NTES

The institutional investor held 116,613 shares of the miscellaneous company at the end of 2018Q2, valued at $29.45 million, down from 220,620 at the end of the previous reported quarter. Mirae Asset Global Investments who had been investing in Netease Inc for a number of months, seems to be less bullish one the $29.01B market cap company. Mirae Asset Global Investments, which manages about $4.74B and $7.35 billion US Long portfolio, upped its stake in Conocophillips (NYSE:COP) by 116,230 shares to 204,393 shares, valued at $14.21 million in 2018Q2, according to the filing. More news for NetEase, Inc. (NASDAQ:NTES) were recently published by: Seekingalpha.com, which released: “Tencent Music files for US IPO” on October 02, 2018.

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Mirae Asset Global Investments Holding in Netease INC (NTES) Has Cut by $26.21 Million

NTES

Mirae Asset Global Investments sold 104,007 shares as the company’s stock declined 24.93% while stock markets rallied. The institutional investor held 116,613 shares of the miscellaneous company at the end of 2018Q2, valued at $29.45 million, down from 220,620 at the end of the previous reported quarter. Mirae Asset Global Investments who had been investing in Netease Inc for a number of months, seems to be less bullish one the $29.01B market cap company. Mirae Asset Global Investments, which manages about $4.74 billion and $7.35 billion US Long portfolio, upped its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 53,062 shares to 153,248 shares, valued at $15.88 million in 2018Q2, according to the filing.

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Saturday, October 13


News

Were Analysts Bearish NetEase, Inc. (NASDAQ:NTES) This Week?

NTES

Among 7 analysts covering NetEase Inc (NASDAQ:NTES), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. The firm has “Buy” rating by Daiwa Securities given on Thursday, May 17. As per Friday, August 10, the company rating was maintained by JP Morgan. Below is a list of NetEase, Inc. (NASDAQ:NTES) latest ratings and price target changes. 21/09/2018 Broker: Jefferies Old Rating: Hold New Rating: Buy Upgrade30/08/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $275 New Target: $260 Maintain10/08/2018 Broker: Nomura Old Rating: Buy New Rating: Buy Old Target: $386 New Target: $352 Maintain10/08/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $290 New Target: $265 Maintain30/07/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $255 New Target: $275 Maintain03/07/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Overweight Old Target: $185 Upgrade17/05/2018 Broker: Daiwa Securities Old Rating: Outperform New Rating: Buy Upgrade17/05/2018 Broker: Benchmark Rating: Buy New Target: $340.0000 Maintain25/04/2018 Broker: CLSA Rating: Buy Upgrade.

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Friday, October 12


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Wednesday, October 10


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Why NetEase, Inc. Stock Popped 15.4% in September

NTES

Steve Symington, The Motley FoolMotley FoolOctober 10, 2018, 9:39 PM GMT. What happened. Shares of NetEase Inc. (NASDAQ: NTES) climbed 15.4% in September, according to data from S&P Global Market Intelligence, rebounding from their 52-week low with the help of two notable analyst upgrades. For perspective, as of the start of last month NetEase had fallen more than 40% year to date -- a steep drop most recently accelerated by the Chinese internet company's disappointing second-quarter report in August. In particular, NetEase has struggled in recent quarters given a regulatory shakeup in which the Chinese government suspended new video game approvals, effectively holding back the growth of its core gaming segment. But analysts at both CLSA and Jefferies upgraded NetEase from hold to buy last month in light of its recent decline, with the former raising their price target from $280 to $300 and the latter reiterating their own $270-per-share model. Noting the launch of its Ancient Nocturne title could drive returns in the near term, CLSA analyst Man Ho Lam stated: "[W]e urge investors to see past the volatile, unpredictable gaming cycle and recognize NetEase as a leading online gaming company which operates multiple long-lasting franchises."

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Sunday, September 30


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Korea Investment CORP Has $19.84 Million Stake in NetEase Inc (NASDAQ:NTES) – Marea Informative

NTES

Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Shares of NASDAQ:NTES opened at $228.25 on Friday. NetEase Inc has a one year low of $184.60 and a one year high of $377.64. The technology company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.82.

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Friday, September 14


News

Alarming Mid-Day Stocks: Nevada Gold & Casinos, Inc. (NYSE:UWN), Lee Enterprises, Incorporated (NYSE:LEE), NetEase, Inc. (NASDAQ:NTES) – Journal Finance

NTES

Past 5 years growth of UWN observed at 15.00%, and for the next five years the analysts that follow this company are expecting its growth at 62.00%. The average true range (ATR) is a measure of volatility introduced by Welles Wilder in his book, “New Concepts in Technical Trading Systems.” The true range indicator is the greatest of the following: current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 2.10 as current ratio and on the opponent side the debt to equity ratio was 0.29 and long-term debt to equity ratio also remained 0.00. Over the long run, the price of a stock will generally go up in lock step with its earnings (assuming the P/E ratio is constant). Therefore stocks with higher earnings growth should offer the highest capital gains. And doubling the growth more than doubles the capital gain, due to the compounding effect. If we consider EPS growth of the company, then the company indicated the following observations:.

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Social Chatter

NetEase Inc (NAS:NTES) social chatter is higher than usual

NTES
Love Yourself: Answer digital album sold more than 200,000 copies on NetEase Cloud Music (Chinese music streaming s… https://t.co/2fjY5GB41t

Tuesday, September 11


News

China's Netease says finance site to rectify "irregular practices"

NTES TRI

BEIJING (Reuters) - Chinese internet company NetEase said on Tuesday it would stop updating its finance website from today to rectify what it called "irregular practices" and conduct a "comprehensive correction." The announcement from the Nasdaq-listed company comes as the Chinese government is ramping up a campaign to regulate online media with tighter licensing rules and censorship. NetEase said its finance site had encountered problems and the firm had conducted a "serious self-criticism and introspection" and would work with other platforms to "create a clean and upright cyberspace." Chinese internet users speculated that NetEase's problems may be linked to an online opinion piece that argued for lower income taxes, which appeared to run against government goals to raise more tax revenue.

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