Netease's Q3 revenue and net profit both decreased, but multiple heavyweight reserve games have new developments. Institutions are bullish on its Q4 performance.

① Netease announced its Q3 performance, with net income of 26.2 billion yuan, a year-on-year decline of 3.9%; net income attributable to shareholders was 6.5 billion yuan, compared to 7.8 billion yuan in the same period last year; ② "Marvel Contest of Champions" and "The Sixteenth Sound of Yanyun" will go live in December, and several other games will also undergo testing successively, with many institutions expressing a bullish outlook on Netease's subsequent performance.

cls.cnNov 14 20:32 ET

NetEase Q3 Adj EPS $1.67 Misses $1.84 Estimate, Sales $3.73B Miss $3.98B Estimate

BenzingaNov 14 03:36 ET

Game business is recovering; Tencent's Q3 non-GAAP net profit increased by over 30% and over 3,000 people were recruited.

① In the third quarter, Tencent's adjusted net income reached 59.81 billion yuan, far exceeding the market expectation of 54.37 billion yuan, a year-on-year increase of 33%; ② The biggest highlight of Tencent's quarterly report is that value-added services have significantly recovered, mainly due to the rebound in the gaming business.

cls.cnNov 13 09:01 ET

Express News | China has approved an a 6 trillion yuan ($839 billion) program to refinance local government debt, aiming to support its slowing economy. Offshore RMB exchange rate falls to 7.180.

Moomoo 24/7Nov 8 03:17 ET

Netease gaming sector suspected of corruption, internet giants continue anti-corruption campaign.

① Netease has not responded to the investigation into multiple executives being taken away for alleged corruption in Netease games circulating on the internet. ② Due to the platform nature and large scale of the enterprise, as well as complex relationships, in recent years, internet technology companies have increased their efforts in internal anti-corruption measures, adopting a 'zero tolerance' policy towards any corrupt behavior.

cls.cnNov 7 18:46 ET

Bitcoin Flirts With All-Time High, Ethereum, Dogecoin Surge: 'Stay Tuned,' Says Trader Who Sees 'Only One Untagged High Left'

BenzingaOct 29 15:43 ET