NetEase, Inc. (simplified Chinese: 网易; traditional Chinese: 網易; pinyin: WǎngYì) is a Chinese Internet technology company providing online services centered on content, community, communications, and commerce. The company was founded in 1997 by Ding Lei. NetEase develops and operates online PC and mobile games, advertising services, email services, and e-commerce platforms in China. It is one of the largest Internet and video game companies in the world. NetEase has an on-demand music-streaming service (NetEase Music). The company also owns several pig farms.
|Headquarters||Hangzhou, Zhejiang, China|
|Ding Lei (CEO)|
|Revenue||¥ RMB 59.24 billion (2019)|
|¥ RMB 13.79 billion (2019)|
|¥ RMB 21.43 billion (2019)|
|Total assets||¥ RMB 112.12 billion (2019)|
Number of employees
|18,129 (December 2017)|
NetEase Cloud Music
NetEase Games (Thunder Fire)
NetEase Games (Interactive Entertainment)
NetEase Games (Montreal)
NetEase D&R Center Lab
NetEase Wisdom Enterprise
Jar of Sparks
NetEase video games include, the Westward Journey series, Tianxia III, Heroes of Tang Dynasty Zero, Ghost II, Nostos and Onmyoji. NetEase also partners with Blizzard to operate Chinese versions of their games, such as World of Warcraft, StarCraft II, and Overwatch.
The company was founded in June 1997 by Chinese entrepreneur Ding Lei, and grew rapidly due in part to its investment in search engine technology. In 2012 the company's official English name was changed from NetEase.com, Inc to NetEase, Inc.
In 2008, the 163.com domain attracted at least 1.8 million visitors annually by 2008 according to a Compete.com survey. In 2010 the site was the 28th most visited site in the world according to Alexa's internet rankings. NetEase's official website address is 163.com. This was attributed to the past when Chinese internet users had to dial "163" to connect to the internet, before the availability of broadband internet. NetEase is the largest provider of free e-mail services in China with more than 940 million users as of 2017. In addition to 163.com, the company also runs 188.com, 126.com and more.
Expansion and acquisitionsEdit
NetEase launched their first Western Headquarters in August 2014, bringing one of the largest tech companies in China to the US. In January 2020, NetEase discussed secondary listings with the Hong Kong Exchanges and Clearing.
In 2018 NetEase invested US$100 million into Bungie for a minority stake in the company and a seat on its board of directors. In December of the same year NetEase invested in New Zealand developer A44 (Formally known as Aurora 44), and it sold its comics business to Bilibili. In 2019 NetEase obtained a minority stake in Quantic Dream for an undisclosed investment.
In May 2022, NetEase opened its first US studio in Austin, Texas. It is called Jackalope Games, and is led by Jack Emmert, a veteran of massively multiplayer online role-playing games who worked on titles including City of Heroes, Neverwinter, Star Trek Online, and DC Universe Online. They will work on PC and console games and operate independently from NetEase.
In August 2022, NetEase announced the aquisition of Quantic Dream after the 2019 minority investment done in the company. After this, the studio will become a subsidiary part of its parent company and will help NetEase objective to have more console game releases.
The company has a history of partnerships with other companies. In 2008, Blizzard Entertainment partnered with NetEase to bring some of their games to the Chinese market. In April 2012, NetEase began testing a restaurant recommendation mobile app called "Fan Fan". In 2017 NetEase made an agreement with the American company Marvel Comics to develop a comic based on a Chinese superhero. In addition 12 comic copies by Marvel would be released online, such as The Amazing Spider-Man, Captain America, and Guardians of the Galaxy.
Chinese government regulationEdit
In October 2020, the Cyberspace Administration of China ordered NetEase to undergo "rectification" and temporarily suspended certain comment functions after censors found "inappropriate" comments on its news app.
|2001||Fantasy Westward Journey||NetEase||NetEase|
|2002||Westward Journey Online II||NetEase||NetEase|
|2017||Rules of Survival||NetEase||NetEase|
|Sky||Thatgamecompany||NetEase||Publisher in China only|
|Marvel Super War||NetEase||NetEase|
|Super Mecha Champions||NetEase||NetEase|
|Naraka: Bladepoint||24 Entertainment||NetEase|
|2022||Diablo Immortal||NetEase, Blizzard Entertainment||Blizzard Entertainment|
|Hyper Front||NetEase, BattleFun Games||NetEase|
|TBA||Racing Master||Dahua Studios, Codemasters|
|The Lord of the Rings: Rise to War|
|Tom and Jerry: Chase|
|Harry Potter: Magic Awakened|
|Where Winds Meet||Everstone Studio||NetEase|
Licensed online gamesEdit
- Three-year agreement to license Blizzard's title Overwatch in PRC
- Agreement to license Mojang's Minecraft and Minecraft: Pocket Edition in China
- Will assume the publishing of EVE Online in the Chinese market starting in October 2018
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- Official website
- Business data for NetEase: