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Below are the latest news stories about NetEase Inc that investors may wish to consider to help them evaluate NTES as an investment opportunity.
(Bloomberg) -- Vietnam’s startup payment app MoMo has raised a new funding round of more than $100 million, according to two people familiar with the investment.The company, M-Service JSC, creator of MoMo, confirmed that it raised money from investors without specifying how much.Warburg Pincus LLC, MoMo’s largest backer, is part of a group of investors involved in the company’s Series D round that also includes Silicon Valley’s Goodwater Capital LLC, Affirma Capital Singapore Pte, Kora Management, Macquarie Capital and Tybourne Capital Management, according to the company.Warburg Pincus, Tybourne Capital and Affirma Capital are existing shareholders, the company said. The latest round is co-led by Warburg Pincus and Goodwater, it said.“Given the high internet penetration rate in Vietnam...
Shares of Qilian (ticker: QLI) doubled during its first day of trading, while (KUKE) (KUKE) added just 1%. The two offerings continue the trend of Chinese companies going public in the U.S. There were 33 such offerings in 2020, collecting $13.4 billion, the most since 2018, when 34 Chinese companies went public, according to Dealogic. The $13.4 billion compares with $3.5 billion raised by 25 IPOs in 2019.
(Bloomberg) -- Gold headed for its first gain in five sessions as U.S. Treasury yields ebbed and the dollar declined, reviving demand for the metal as an alternative asset.The Bloomberg Dollar Spot Index fell as much as 0.6% on Tuesday, while long-end Treasury yields reversed their advance as a reopening sale of 10-year notes received a solid reception. Gold also got help from increasing inflation expectations as President-elect Joe Biden is set to release plans for a multitrillion-dollar stimulus package.Bullion has wavered in 2021 after posting the biggest annual gain in a decade on the back of the coronavirus crisis, vast stimulus and rising haven demand. Some analysts say the slump may prove temporary as virus aid and mending economies fuel inflation concern. The metal, which reache...
China Bohai Bank Co., Ltd. -- Moody's assigns first-time Baa3/P-3 ratings to China Bohai Bank; outlook stable
Moody's Investors Service has assigned Baa3 long-term and Prime-3 short-term local currency and foreign currency deposit ratings to China Bohai Bank Co., Ltd. (China Bohai Bank). Moody's has also assigned a Baseline Credit Assessment (BCA) of ba3 and adjusted BCA of ba3, long-term and short-term Counterparty Risk Assessments (CR Assessments) of Baa3(cr) and Prime-3(cr); and long-term and short-term Counterparty Risk Ratings (CRRs) of Baa3 and Prime-3. The ratings outlook is stable.
In this article, we take a look at the 12 Best Social Media Stocks To Buy Now. If you are in a hurry, you can click to skip ahead to the 5 Best Social Media Stocks To Buy Now. Social media is a computer-based technology that facilitates the sharing of ideas, thoughts, and information through […]
Baidu joins a wave of US-listed Chinese firms in seeking a trading foothold in Hong Kong amid simmering tensions between the world’s two biggest economies. Companies from JD.com to NetEase raised about US$17 billion through share sales in Hong Kong last year, according to Bloomberg’s data.
(Bloomberg) -- Chinese search engine giant Baidu Inc. has selected CLSA Ltd. and Goldman Sachs Group Inc. for its planned second listing in Hong Kong, which could raise at least $3.5 billion, according to people familiar with the matter.Nasdaq-listed Baidu plans to sell shares in the Asian financial hub as soon as the first half of this year, the people said, asking not to be identified as the information isn’t public. The company could sell about 5% to 9% of its share capital, meaning the offering could raise at least $3.5 billion based on its latest market value of almost $70 billion.More banks could be added and details of the offering including timing and size are subject to change, the people said. Representatives for CLSA and Goldman Sachs declined to comment, while a representati...
China’s interactive music streaming service provider, NetEase Cloud Music, announced on Dec. 27 that boyband concert TFBOYS has broken the Guinness World Record for the most viewed paid concert. NetEase (NTES) said that the concert was streamed on NetEase Cloud Music on Aug. 22 and was viewed by over 786,000 fans. Online music concerts have been gaining popularity in China amid a halt in live events due to the coronavirus pandemic. NetEase Cloud Music said it continued to develop online live shows, including the "Bedroom Live Music Festival" and other online events, and is exploring further options for other virtual shows in 2020. On Nov.
NetEase, one of China’s first-generation tech giants, said it will close its personal finance app Youqian after several years of struggling to find a foothold in fintech. The move marks NetEase’s further retreat from an industry now facing increased government scrutiny in China.Youqian, which stopped accepting new premium subscriptions last Wednesday, is primarily a personal financial management tool. It was part of NetEase‘s broader fintech strategy, allowing users to connect the app to their…
Playing to WIN: CEO’s of Activision Blizzard, FansUnite, NetEase, and GAN Limited Driving New Revenue Growth Opportunities in E-Sports, and Digital Entertainment
NEW YORK, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Activision Blizzard, Inc. (NASDAQ: ATVI), NetEase (NASDAQ: NTES) FansUnite (OTC: FUNFF) (CSE: FANS), and GAN Limited (NASDAQ: GAN) Digital Entertainment is emerging as the dominant growth theme of the decade, with billions of dollars in revenues generated worldwide from video games, streaming to online casinos and sports betting. Wall Street Reporter highlights the latest comments from industry thought leaders:Activision Blizzard, Inc. (NASDAQ: ATVI) CEO Bobby Kotick: “Billion Dollar Entertainment Franchises - With Momentum” “...We now expect net bookings in 2020 to grow over 25% year-over-year with e...