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. The company also owns several pig farms.
Type of site
|Traded as||NASDAQ: NTES|
Guangzhou, Guangdong, China
|Headquarters||Guangzhou, China and George Town, Cayman Islands|
|Key people||Qiu Shan Ge (CEO)|
|Revenue||CN¥ 54.102 billion (2017)|
|Operating income||CN¥ 12.154 billion (2017)|
|Net income||CN¥ 10.849 billion (2017)|
|Total assets||CN¥ 71.031 billion (2017)|
|Employees||18,129 (December 2017)|
|Alexa rank||262 (August 2018[update])|
Some of NetEase's games include the Westward Journey series (Fantasy Westward Journey, Westward Journey Online II, Fantasy Westward Journey II, and New Westward Journey Online II), as well as other games, such as Tianxia III, Heroes of Tang Dynasty Zero and Ghost II. NetEase also partners with Blizzard Entertainment to operate local versions of Warcraft III, World of Warcraft, Hearthstone, StarCraft II, Diablo III: Reaper of Souls, Overwatch in China, The RPG game Onmyoji ,and The Onmyoji Arena MOBA.They are also developing their very first self-developed VR multiplayer online game with an open world setting, which is called Nostos.
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 and massively multiplayer online role-playing gaming. Its first MMORPG developed internally was Fantasy Westward Journey. The Westward Journey series began in 2001, and includes Westward Journey Online II.
- 2000: NetEase went public on Wall Street through a variable interest entity (VIE) based in the Cayman Islands.
- 2001: NetEase is delisted from NASDAQ because accusations its directors were involved in fraudulent practices reporting earnings.
- 2004: NetEase's founder and chief architect William Ding (Ding Lei) won the Wharton Infosys Business Transformation Award for his innovative use of information technology. Ding became one of the wealthiest individuals in China after founding NetEase.
- 2008: The 163.com domain attracted at least 1.8 million visitors annually by 2008 according to a Compete.com survey.
- 2010: The site was the 28th most visited site in the world according to Alexa's internet rankings and in August 2010, the site was the 27th most visited site drawing more traffic than the websites of AOL, BBC, Flickr, Craigslist, Apple, CNN, LinkedIn, Adobe, CNet, ESPN.
- 2012: The company's official English name was changed from NetEase.com, Inc to NetEase, Inc. In April 2012, NetEase began testing a restaurant recommendation mobile app called "Fan Fan". The company collaborated with coursera.org to provide Massive Open Online Course (MOOC) in China.
- 2017: NetEase makes an agreement with the American company Marvel Comics to develop a comic based on a Chinese superhero, in addition 12 comic copies by Marvel will be released online such as The Amazing Spider-Man, Captain America, and Guardians of the Galaxy.
- 2018: NetEase invests 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.
- 2019: NetEase obtains a minority stake in Quantic Dream for an undisclosed investment.
- PC-client & Mobile Games: provider of self-developed online client games to Internet users in China; licensee of games by Blizzard Entertainment; developer & publisher of mobile games.
- Internet Media: Operating a network of mobile applications, services and social communication platforms, as well as Internet portals with enriched content.
- E-mail Services: 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.
- Youdao Products: Specialized online tools including Youdao Dictionary, Youdao Cloudnote and Huihui.cn.
- E-commerce: services available to Chinese consumers on both desktop and mobile including Kaola.com, NetEase's self operated cross-border e-commerce platform, online video broadcasting services and insurance products.
Mobile Games: Fantasy Westward Journey mobile, Westward Journey Online mobile, Invincible, Kung Fu Panda 3 mobile game, The X-‐World, Kai-Ri-Sei Million Arthur, Chrono Blade and Hearthstone, Cyber Hunter, Survival Royale, Rules of Survival, Knives Out, Life After, Fortcraft, Onmyoji series and Identity V.
New games planned for launch: Fantasy Westward Journey: Warriors, New Ghost Mobile, a series of new titles based on novels by Gu Long, and a version of Minecraft and Minecraft: Pocket Edition for China. On Tuesday, May 28th, it was announced at a Pokémon Press Conference in Tokyo that NetEase would be developing a version of ‘‘Pokémon Quest’’ for Chinese devices.
Licensed online gamesEdit
- Commercially re-launched World of Warcraft in September 2009, which used to be operated by another company, The9 Limited
- StarCraft II: Heart of the Swarm launched in PRC in July 2013
- Launched free-to-play digital strategy card game Hearthstone in PRC in Jan 2014; mobile version launched in April 2015
- Open beta testing of Heroes of the Storm started in China in May 2015
- Initiated open beta testing in PRC of Diablo III: Reaper of Souls in April 2015
- 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
- Developing Diablo Immortal for iOS and Android
NetEase launched their first Western Headquarters in August 2014 bringing one of the largest tech companies in China to the US. In 2015, NetEase North America, the San Francisco-based arm of the Chinese technology giant, announced a new funding initiative for independent developers. Known as the NetEase Success Fund, the scheme offers an alternative to traditional publishing by providing up to $500,000 for each accepted developer to fund marketing and advertising. Furthermore, developers awarded funding retain the rights, creative control, and full ownership of their products. In December 2015, NetEase Capital Venture arm has made a $2.5 million investment into Reforged Studios, a privately held game studio based in Helsinki.
Music streaming serviceEdit
NetEase has an on-demand music-streaming service; 网易云音乐 (roughly "NetEase cloud music").
Significance of the number 163Edit
NetEase's official website address is 163.com. This was attributed to the past where Chinese internet users had to dial "163" to connect to the internet, before the availability of broadband internet.
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