, Columnist
NetEase's Wuxi Finger Hold
NetEase's gaming business shows a path to profit growth. Now watch Tencent.
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It turns out that Kung Fu Panda is capable not only of moves of mystical manual dexterity, but of protecting an industry from the most dreaded of Chinese foes: economic slowdown.
NetEase, the latest Chinese Internet company to report earnings, turned in surprisingly solid numbers amid the gloom that drove shares of the bigger players Baidu, Alibaba and Tencent down from April highs. Management celebrated with a healthy bump in dividend.