Netease denies all layoffs in Shenzhen, stating that it is fake news and refers to adjustments made several months ago.

Sina Technology News, November 29th, noon, there were online rumors that netease's Shenzhen office laid off all employees, "the gaming department left with none." In response, a netease insider said, "This was an adjustment made several months ago, specifically for a single product, many colleagues have already been transferred to other products, it is definitely not true that all employees were laid off."

新浪科技23:42 ET

Morgan Stanley: Maintains netease-S (09999) "shareholding" rating, target price raised to 185 Hong Kong dollars.

J.P. Morgan continues to list netease as the top pick in the digital entertainment sector.

Zhitong Finance21:04 ET

[Brokerage Focus] Bocom Intl: Bullish on OTA/local life competition easing and sustained robust performance by 2025.

Jinwu Financial News | Bocom Intl released its 2025 outlook for the internet plus-related industry, as new policies are progressively implemented, the effects on online and offline consumer spending may become evident the fastest. There is bullish sentiment towards consumer categories on internet trading platforms that are relatively inelastic and can be quickly stimulated, as well as the software industry benefiting from AI empowerment and innovation recovery. It is suggested to focus on stable growth in core business, improvement in profitability, and valuation recovery opportunities driven by high shareholder returns. The bank is optimistic about the easing competition in OTA/local life and the sustained steady performance, with ecommerce > education > gaming > software having significant valuation recovery opportunities. OTA: Mainland hotel ADR pressure is easing, outbound business.

Jinwu Financial News19:47 ET

J.P. Morgan Maintains NetEase(NTES.US) With Buy Rating, Raises Target Price to $120

Moomoo News13:31 ET · Ratings

Zhou Hongyi: In the era of AI, internet plus-related companies are no longer the main characters; traditional enterprises are.

Sina Technology reported on the evening of November 28 that during the 2024 World Zhejiang Businessmen Conference "Shanxi Night" event, Zhou Hongyi, founder, chairman, and CEO of 360 Group, was invited to promote Linfen in Shanxi. Zhou Hongyi pointed out that in the AI era, entering the second half of digitalization or the second half of the internet, internet companies are no longer the main characters; the true protagonists are traditional enterprises. Therefore, for cities like Linfen in Shanxi, the biggest temptation for digital enterprises is the presence of many traditional enterprises, such as coke and steel companies, which have significant potential for digital transformation. Zhou Hongyi emphasized that in order for China's large models to perform well,

Sina TechnologyNov 28 09:09 ET

Express News | NetEase Inc : JP Morgan Raises Target Price to $120 From $110

ReutersNov 28 05:23 ET