NetEase

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NetEase, Inc.
网易
NetEaselogo.png
Type Public
Traded as NASDAQNTES
Founded Guangzhou, Guangdong, China (June 1997 (1997-06))[1]
Headquarters Guangzhou, Guangdong, China
Key people William Lei Ding, CEO
Industry Internet
Products Online services
Revenue Increase CN¥ 7.290 billion (2011)[2]
Operating income Increase CN¥ 3.323 billion (2011)[2]
Net income Increase CN¥ 3.234 billion (2011)[2]
Total assets Increase CN¥ 15.444 billion (2011)[2]
Employees 7,098 (December 2012)[3]
Website 163.com
Alexa rank negative increase 27 (April 2014)[4]

NetEase, Inc. (simplified Chinese: 网易; traditional Chinese: 網易; pinyin: Wǎng Yì) is a Chinese Internet company that operates 163.com, a popular web portal ranked 27 by Alexa as of April 2014.

History[edit]

The company has grown rapidly since its founding in June 1997, thanks in part to its investment in search engine technology[5] and massively multiplayer online gaming. Fantasy Westward Journey, an MMORPG developed internally by NetEase, is an online game in China.

In 2001, a class action lawsuit was filed against NetEase alleging violation of the Securities Act by artificially inflating its financial results and filing a materially false prospectus. [6]

In 2004, NetEase's founder and chief architect William Ding (Ding Lei) won the Wharton Infosys Business Transformation Award for his innovative use of information technology. Ding became one of the wealthiest individuals in China after founding NetEase.

NetEase has a market value of US$7.8 billion as of May 2012, and over 6000 employees as of 31 December 2011.[7]As of December 31, 2012, NetEase had 7,098 employees.[8]

The 163.com domain attracted at least 1.8 million visitors annually by 2008 according to a Compete.com survey.[9] In April 2010, the site was the 28th most visited site in the world according to Alexa's internet rankings[10] and in August 2010, the site was the 27th most visited site drawing more traffic than the websites of AOL, BBC, Flickr, Craigslist, Apple, CNN, LinkedIn, Adobe, CNet, ESPN and several other heavy hitters.

On March 29, 2012, the company's official English name was changed from NetEase.com, Inc to NetEase, Inc. [11]

In April 2012, NetEase began testing a restaurant recommendation mobile app called "Fan Fan". [12][13]

The company collaborated with coursera.org to provide MOOC[clarification needed] in China.[14]

See also[edit]

References[edit]

  1. ^ "NetEase - Corporation Profile". NetEase.com, Inc. 
  2. ^ a b c d "NetEase Fact sheet FY". Google.com. Retrieved 2012-08-17. 
  3. ^ "NetEase Investor FAQs". Netease. 2013-11-28. Retrieved 2013-11-28. 
  4. ^ "163.com Site Overview". Alexa Internet. Retrieved 2014-04-10. 
  5. ^ "Netease Search Engine - Youdao/yodao spider". Httpuseragent.org. 2008-12-31. Retrieved 2012-08-17. 
  6. ^ "Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against NetEase.com, Inc. on Behalf of Investors -- NTESE". December 7, 2001. Retrieved Jul 19, 2013. 
  7. ^ "NetEase Fact sheet 1Q12". Phx.corporate-ir.net. Retrieved 2012-08-17. 
  8. ^ "NetEase Investor FAQs". Netease. 2013-11-28. Retrieved 2013-11-28. 
  9. ^ us Data Only (2011-10-26). "Siteanalytics.compete.com". Siteanalytics.compete.com. Retrieved 2012-08-17. 
  10. ^ "Alexa Top 500 Global Sites". Retrieved 2010-04-15. 
  11. ^ "NetEase English Name Changes" (in Chinese). Sina.com. March 29, 2012. Retrieved March 29, 2012. 
  12. ^ "Follow news on Netease.com, Inc.". BrightWire. Retrieved 2012-08-17. 
  13. ^ "Netease Begins Testing for Mobile App "Fan Fan" on Thursday.". BrightWire. 
  14. ^ "Coursera partners with NetEase to deliver free online learning in China.". 

External links[edit]