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NetEase
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Updated Nov 5, 2026
NetEase repurchased 176,855 shares in October 2026 at average USD 22.57, maintaining HK listing compliance.
NetEase's October 2026 monthly return to Hong Kong Exchanges confirms routine share repurchases totaling 176,855 shares held as treasury stock at an average price of USD 22.57 per share across four tranches (27–30 October). Issued shares declined from 3.202 billion to 3.201 billion; treasury shares increased proportionally to 10.58 million. The company maintains full public float sufficiency at 25% threshold and compliance with all listing rules.
Tone: neutralRevenue
¥112.6B
NTES 20-F · FY 2025 · CNY
Revenue FY2024
¥105.3B
Founded
1997
Headquarters
Kowloon, Hong Kong
Profile
NTES 20-F Item 4.B · Apr 15, 2026NetEase is a Chinese internet technology company founded in 1997, operating a diversified portfolio of online games, music streaming, intelligent learning services, e-commerce, and advertising businesses. The company develops and operates over 100 game titles across mobile, PC, console, and cross-platform formats, with a growing international footprint. Its non-gaming businesses include Youdao (AI-powered learning and advertising), NetEase Cloud Music, and Yanxuan (private label e-commerce).
Read filing description ↓ Collapse description ↑
We have a successful online game business, developing and operating a rich portfolio of highly popular titles. We currently offer over 100 online games across a wide range of genres, satisfying the ever growing and diversifying needs of the gamer community worldwide. Leveraging our user insights and execution expertise, we have also incubated and developed in-house a pipeline of innovative and successful businesses, including intelligent learning and other businesses, ranging from music streaming and e-commerce to advertising services, e-mail, payment platform and other services. We are one of the largest online game providers globally in terms of game revenue. Our game products and services are comprised of in-house developed games as well as games licensed from renowned global developers. We have been developing a deep portfolio of mobile game offerings for more than a decade. We commenced launching cross-platform games that offer a seamless gaming experience across different gaming platforms in 2024, such as Where Winds Meet, Once Human and Marvel Rivals. Youdao is strategically positioned as an AI solutions provider specializing in learning and advertising, operating in China and a number of overseas markets. NetEase Cloud Music provides community-centric online music services and social entertainment services to users. Yanxuan, our private label consumer lifestyle brand, was established in 2016 and offers products in a wide range of categories including home life, pet food and supplies, personal care and cleaning products.
Primary products
- Westward Journey Online 2
- Fantasy Westward Journey Online
- Fantasy Westward Journey mobile game
- Westward Journey Online mobile game
- Infinite Borders
- Ghost Story: Love Destiny
Business segments
End markets
Geographies
Named competitors
“We are one of the largest online game providers globally in terms of game revenue, offering over 100 in-house developed and licensed games of various genres, including MMORPG, casual games, shooting games, racing simulations, CCGs, battle arena games and SLGs, as well as other types of games.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Reported in RMB; USD figures converted at period-end rate. Total net revenues increased by 7.0% to RMB112.6 billion (US$16.1 billion) in 2025 from RMB105.3 billion in 2024, driven primarily by strong growth in games and related value-added services.
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