NetEase, Inc.
NetEase, Inc. (NASDAQ: NTES) was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China. NetEase.com, Inc. was the company's previous name before changing to NetEase, Inc. in March 2012. NetEase, Inc. is divided into three divisions: online game services, Youdao, cloud music, innovative businesses, and others. It provides information technology solutions and services in the People's Republic of China and internationally. Gaming, advertising, and e-commerce are examples of these.
NetEase provides a wide range of desktop and mobile e-commerce solutions to Chinese consumers. Furthermore, they offer a platform for sellers and a wide range of products, such as e-readers, matchmaking services, online music, and social networking. It is ranked fifth on the list of China's largest e-commerce companies.
In 2015, NetEase, Inc. launched Kaola.com, which operates similarly to Amazon.com and has approximately 15 million users. In recent years, NetEase, Inc., has expanded into international markets such as Japan and North America. In addition to its own game content, NetEase, Inc. collaborates with other leading game developers, such as Blizzard Entertainment and Mojang AB (a Microsoft subsidiary), to operate globally renowned games in China.
NetEase's other innovative service offerings include its majority-owned subsidiaries Youdao (NYSE: DAO), China's leading technology-focused intelligent learning company, and Cloud Village (HKEX: 9899), also known as NetEase Cloud Music, China's leading online music content community, as well as Yanxuan, NetEase's private label e-commerce platform.
NetEase, Inc. also operates Yanxuan, an international and private label e-commerce business that sells consumer electronics, food, apparel, homeware, kitchenware, and other general merchandise. The company competes with major players such as Alibaba (NYSE: BABA), Amazon.com, Inc. (NASDAQ: AMZN), Walmart (NYSE: WMT), and JD.com (NASDAQ: JD).
Founded: 1997
Headquarters: Hangzhou, China
Official web: ir.netease.com/
