Last $108.60 USD
Change Today -1.56 / -1.42%
Volume 366.8K
As of 5:20 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

netease inc-adr (NTES) Key Developments

NetEase Joins Forces with Sinotrans

NetEase reported a partnership with Sinotrans Limited. The two companies will develop a cross-border e-commerce business designed to provide speedy delivery services to Chinese consumers purchasing goods from overseas. Under the partnership, Sinotrans will be responsible for international shipping logistics for Kaola, NetEase's newly launched, self-operated cross-border e-commerce platform. Kaola is currently in the open testing phase for users in China, during which period the platform will selectively offer popular categories of products such as baby products, beauty and personal care products and health foods.

NetEase Reports Partnership with Sinotrans Limited

NetEase reported partnership with Sinotrans Limited. NetEase announced that the two companies will develop a cross-border e-commerce business designed to provide speedy delivery services to Chinese consumers purchasing goods from overseas. Under the partnership, Sinotrans will be responsible for international shipping logistics for Kaola, NetEase's newly launched, self-operated cross-border e-commerce platform. Kaola is currently in the open testing phase for users in China, during which period the platform will selectively offer popular categories of products such as baby products, beauty and personal care products and health foods.

NetEase Partners with Sinotrans to Develop a Cross-border E-commerce Business

NetEase announced that it has entered into a strategic partnership with Sinotrans Limited to develop a cross-border e-commerce business designed to provide speedy delivery services to Chinese consumers purchasing goods from overseas. Under the partnership, Sinotrans will be responsible for international shipping logistics for Kaola, NTES' newly launched, self-operated cross-border e-commerce platform. Kaola is currently in the open testing phase for users in China, during which period the platform will selectively offer popular categories of products such as baby products, beauty and personal care products and health foods.

SGN and NetEase Team Up to Bring Cookie Jam to China

SGN and NetEase announced an exclusive agreement to license the popular match-3 mobile puzzle game, Cookie Jam, across all major app stores in China. Leveraging localized knowledge and expertise of Chinese mobile markets, NetEase will tailor and optimize the title to ensure maximum appeal and relevance to this new international market. NetEase provides SGN with the best local market knowledge and integration with all leading Chinese app stores, making it the perfect ally for releasing and evangelizing SGN’s leading mobile puzzle game to a vast new market of players.

NetEase, Inc. Declares Dividend for the Third Quarter of 2014, Payable on December 5, 2014; Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014

NetEase, Inc. approved a dividend of USD 0.36 per ADS for the third quarter of 2014, which is expected to be paid on December 5, 2014 to shareholders of record as of the close of business on November 28, 2014. The company announced unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported total revenues of RMB 3,325.913 million compared to RMB 2,514.314 a year ago. Operating profit was RMB 1,199,233,000 against RMB 1,111,589,000 a year ago. Net income before tax was RMB 1,368,066,000 against RMB 1,251,122,000 a year ago. Diluted earnings per share were RMB 8.83 against RMB 8.01 a year ago. Net cash provided by operating activities was RMB 1,147,113,000 against RMB 1,015,393,000 a year ago. Purchase of property, equipment and software was RMB 116,172,000 against RMB 40,437,000 a year ago. Net income attributable to the company’s shareholders was RMB 1.159 billion compared to RMB 1.048 billion a year ago.

 

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NTES

Industry Average

Valuation NTES Industry Range
Price/Earnings 18.7x
Price/Sales 8.3x
Price/Book 4.0x
Price/Cash Flow 18.7x
TEV/Sales 6.1x
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