NetEase – The News Desk

China Looks Cheap—but It Has Burned Investors Before

26Dec

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Money

China Looks Cheap—but It Has Burned Investors Before

Updated Dec. 26, 2023 12:04 am ETThe smartest strategy for investors in Chinese assets this year: Do something else.Sitting on cash was more profitable in 2023 than investing in Chinese shares, buying bonds sold by Chinese companies or betting on the performance of the yuan, the country’s currency. In many cases, even throwing away 5% or 10% of your cash would have been less costly.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

26Dec

By adminNo Comments

World

China Looks Cheap—but It Has Burned Investors Before

Dec. 25, 2023 11:00 pm ETThe smartest strategy for investors in Chinese assets this year: Do something else.Sitting on cash was more profitable in 2023 than investing in Chinese shares, buying bonds sold by Chinese companies or betting on the performance of the yuan, the country’s currency. In many cases, even throwing away 5% or 10% of your cash would have been less costly.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Tencent Rocked by China’s New Boss Level

22Dec

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Money

Tencent Rocked by China’s New Boss Level

The rules of the game keep getting harder for China’s internet sector.On Friday, Tencent lost $46 billion in market value as Chinese gaming stocks traded in Hong Kong dropped, hurt by Beijing’s newly released draft regulations for the online games industry. It was Tencent’s biggest tumble in more than 10 years. Smaller competitor NetEase lost around $16 billion in value. The new proposed rules include restrictions on incentives to play or spend more online. They are the latest salvo in China’s fight against gaming addiction, which had earlier driven it to freeze new game approvals and launch investigations into their content. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

NetEase’s Quarterly Profit Rises on Higher Sales, Moderated Costs

16Nov

By adminNo Comments

World

NetEase’s Quarterly Profit Rises on Higher Sales, Moderated Costs

NetEase’s quarterly profit rose as the Chinese videogame publisher posted a rise in sales that outpaced expenses.The Beijing-based company said Thursday that net profit in the third quarter rose 17% on year to 7.84 billion yuan (US$1.08 billion). Revenue rose nearly 12% on year to CNY27.27 billion, the bulk of which came from games and value-added services, while cost of revenues fell 3.5% on year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8