Bottom line: NetEase’s finish at the top of a global ranking for mobile game downloads attests to its rising status in the sector, while the pork business of its founder Ding Lei also appears to be gaining traction after years of effort.
NetEase mobile games top Tencent in October
Perennial runner-up NetEase (Nasdaq: NTES) has suddenly vaulted into the champion’s spot on China’s mobile game leader board, unexpectedly passing Tencent (HKEx:) in an important metric for their industry. The surprise move is probably a fluke, and I expect Tencent will retake the top spot in the next rankings for most sales from online mobile game app downloads compiled by App Annie. Still, it does underscore why I’ve previously said that NetEase is probably the most underappreciated company among China’s top Internet players. Read Full Post…
The following press releases and news reports about China companies were carried on September 28. To view a full article or story, click on the link next to the headline.
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Lenovo (HKEx: 992) Cuts 1,000, Including More than Half of Motorola Staff (Chinese article)
Blizzard, NetEase (Nasdaq: NTES) Renew Operation Agreement in China (PRNewswire)
Paid Q&A Service Fenda Reappears After 47 Day Pause, Only Offers Medical Advice (Chinese article)
Starbucks (Nasdaq: SBUX), Master Kong in Tie-Up for Drinks from 10 Yuan (Chinese article)
Xiaomi Guns for Apple (Nasdaq: AAPL) With Latest Premium Smartphone (English article)
Bottom line: NetEase’s new California R&D center could become an important hub for its future global growth, while Zynga’s China pull-out reflects the extreme difficulties foreign firms face in the local gaming market.
NetEase opens US R&D center
Just a day after I wrote that online gaming giant Tencent (HKEx: 700) may be planning a major new drive into the US, we’re hearing that its top rival NetEase (Nasdaq: NTES) is also moving into the neighborhood with plans for a new California R&D center. NetEase’s move comes after search leader Baidu (Nasdaq: BIDU) and Tencent both set up US offices last year, though only Baidu actually announced a major new product development center. (previous post) All of these moves represent the Chinese companies’ efforts to tap into the Silicon Valley ethos, which has far more of the skills they will need in their quest to enter global markets outside of China. Read Full Post…
The following press releases and media reports about Chinese companies were carried on July 9. To view a full article or story, click on the link next to the headline.
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Ping An (HKEx: 2318) Of China Said To Buy Lloyd’s Of London Building (English article)
BMW (Frankfurt: BMWG) Extends Sales Lead Over German Rivals in June (English article)
ICBC (HKEx: 1398) Beats Bank of America on List Of 1,000 Top Global Banks (Chinese article)
The following press releases and media reports about Chinese companies were carried on March 22. To view a full article or story, click on the link next to the headline.
