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Tencent And NetEase Surge After Chinese Regulator Pulls Draft Gaming Rules From Website
Tuesday, January 23, 2024 - 3:31am | 685Read More...China’s gaming regulator has removed the draft rules from its website, which were proposed to limit spending and rewards that promote video game playing. This unexpected development has led to a surge in the shares of gaming companies. What Happened: The National Press and Publication...
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China Ousts Official Amid Gaming Regulation Backlash, Wiping Billions Off Major Game Stocks
Wednesday, January 3, 2024 - 1:58am | 580Read More...In the wake of contentious gaming regulations that caused havoc in China’s gaming stocks, a principal official has been discharged from the country’s press and publications regulator. What Happened: Feng Shixin, the head of the publishing unit of the Communist Party’s...
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Tencent And NetEase Stocks Bounce Back As Chinese Regulator Signals Eased Stance On Gaming
Wednesday, December 27, 2023 - 12:50am | 588Read More...Chinese online gaming behemoths Tencent Holdings Ltd (OTC:TCEHY) and NetEase Inc (NASDAQ:NTES) saw their shares rally after Chinese regulators indicated a possible revision of the proposed regulations that had earlier caused gaming stocks to plummet. What Happened: Tencent’s shares in Hong...
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Tencent Stock Takes $54B Hit As China Introduces New Online Gaming Regulations
Friday, December 22, 2023 - 4:49am | 601Read More...In an unexpected move right before Christmas, China’s top gaming regulator introduced new draft rules aimed at controlling excessive spending and online gaming usage. This announcement led to an $80 billion market selloff spearheaded by $54 billion in Hong Kong-listed Tencent Holdings Ltd. (...
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Fintech Focus For December 29, 2020
Monday, December 28, 2020 - 6:26pm | 1852Read More...Quote To Start The Day: “[T]his has actually been a phenomenal year for fixed income, and yields have plummeted, which is not all that phenomenal. But it has led to phenomenal returns for investors. But with yields now really at these very, very low levels across the curves and across the...
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3 Content King Stocks That Aren't Netflix
Monday, September 21, 2015 - 10:06am | 658Read More...Nick Bertolotti of Credit Suisse commented that within the media space ‘Content Is King.' ITV PLC (OTC: ITVPF), Net Ease, Inc (ADR) (NASDAQ: NTES), and Time Warner Inc (NYSE: TWX) are ‘Kings' in the media space. The three names offer long-term growth potential within...
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Baidu and Changyou.com to Open Near 52-Week Highs
Tuesday, July 26, 2011 - 8:55am | 498Read More...Baidu (NASDAQ: BIDU) and Changyou.com (NASDAQ: CYOU) reached new 52-week highs of $157.90 and $49.84 per share, respectively, in Monday's trading session. Baidu's second quarter results came in well ahead consensus estimates and it offered a robust third-quarter sales forecast. Beijing-based Baidu...
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J.P. Morgan Reiterates Buy on NetEase
Thursday, May 19, 2011 - 6:22am | 160Read More...J.P. Morgan reiterated its Buy rating on NetEase (NASDAQ: NTES). In a research report published today, J.P. Morgan decided to leave its rating unchanged in spite of worse than expected Q1 results. J.P. Morgan still believes that the launching of new products will be enough to keep NetEase's shares...
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Citi Updates On NetEase.com Starcraft II Launch (NTES)
Thursday, March 17, 2011 - 7:59am | 135Read More...Citi released a report on the launch of NetEase's (NASDAQ: NTES) Starcraft II in the beta testing stage. According to Citi, "On March 16, 2011, NetEase's Starcraft II operation team announced on the game's official website that the client executable version of Starcraft II is now ready for...
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NetEase Reports Better-Than-Expected 3Q, Citigroup Reports
Thursday, November 18, 2010 - 11:36am | 112Read More...Citigroup said today that NetEase (NASDAQ: NTES) reported better-than-expected 3Q results with top line beating Street by 2%, driven by solid FWJ momentum and strength of its advertising revs as a result of Asian Games sponsorship. “Despite doubling its S&M spend during the quarter, NTES...
