NetEase

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NetEase, Inc.
Netease logo 2.svg
Type of site
Public
Traded asNASDAQNTES
NASDAQ-100 Component
FoundedJune 1997; 21 years ago (1997-06)
Guangzhou, Guangdong, China[1]
HeadquartersGuangzhou, China
Founder(s)Ding Lei
Key peopleQiu Shan Ge (CEO)
IndustryInternet
ProductsOnline services
RevenueIncrease CN¥ 54.102 billion (2017)[2]
Operating incomeDecrease CN¥ 12.154 billion (2017)[2]
Net incomeDecrease CN¥ 10.849 billion (2017)[2]
Total assetsIncrease CN¥ 71.031 billion (2017)[2]
Employees18,129 (December 2017)[3]
Subsidiaries
  • Titan Studio
[4][5]
Website163.com
Alexa rankIncrease 262 (August 2018)[6]
NetEase office in Hangzhou

NetEase, Inc. (simplified Chinese: 网易; traditional Chinese: 網易; pinyin: WǎngYì) is a Chinese Internet technology company providing online services centered on content, community, communications and commerce. The company was founded in 1997 by Lebunto. NetEase develops and operates online PC and mobile games, advertising services, email services and e-commerce platforms in China. It is one of the largest Internet and video game companies in the world.[7]

Some of NetEase's games include the Westward Journey series (Fantasy Westward Journey, Westward Journey Online II, Fantasy Westward Journey II, and New Westward Journey Online II), as well as other games, such as Tianxia III, Heroes of Tang Dynasty Zero and Ghost II. NetEase also partners with Blizzard Entertainment to operate local versions of Warcraft III, World of Warcraft, Hearthstone, StarCraft II, Diablo III: Reaper of Souls and Overwatch in China. They are also developing their very first self-developed VR multiplayer online game with an open world setting, which is called Nostos.[8]

History[edit]

The company was founded in June 1997 by Chinese entrepreneur Ding Lei, and grew rapidly due in part to its investment in search engine technology[9] and massively multiplayer online role-playing gaming. Its first MMORPG developed internally was Fantasy Westward Journey. The Westward Journey series began in 2001, and includes Westward Journey Online II.

  • 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.
  • 2008: The 163.com domain attracted at least 1.8 million visitors annually by 2008 according to a Compete.com survey.[10]
  • 2010: The site was the 28th most visited site in the world according to Alexa's internet rankings[11] 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.
  • 2012: The company's official English name was changed from NetEase.com, Inc to NetEase, Inc.[12] In April 2012, NetEase began testing a restaurant recommendation mobile app called "Fan Fan".[13][14] The company collaborated with coursera.org to provide Massive Open Online Course (MOOC) in China.[15]
  • 2017: NetEase makes an agreement with the American company Marvel Comics to develop a comic based on a Chinese superhero, in addition 12 comic copies by Marvel will be released online such as The Amazing Spider-Man, Captain America, and Guardians of the Galaxy.

Businesses[edit]

  • PC-client & Mobile Games: provider of self-developed online client games to Internet users in China; licensee of games by Blizzard Entertainment; developer & publisher of mobile games.
  • Internet Media: Operating a network of mobile applications, services and social communication platforms, as well as Internet portals with enriched content.
  • E-mail Services: Largest provider of free e-mail services in China with more than 940 million users as of 2017, in addition to 163.com, the company also runs 188.com, 126.com and more.[16]
  • Youdao Products: Specialized online tools including Youdao Dictionary, Youdao Cloudnote and Huihui.cn.
  • E-commerce: services available to Chinese consumers on both desktop and mobile including Kaola.com, NetEase's self operated cross-border e-commerce platform, online video broadcasting services and insurance products.[17]

Games[edit]

Gamers trying the new release of Speedy Ninja at PAX 2015

PC Games: Fantasy Westward Journey II, Westward Journey Online II, New Ghost, Tianxia III, Revelation, Demon Seals, Hegemon-‐King of Western Chu[18]

Mobile Games: Fantasy Westward Journey mobile, Westward Journey Online mobile, Invincible, Kung Fu Panda 3 mobile game, The X-‐World, Kai-Ri-Sei Million Arthur, Chrono Blade and Hearthstone, Survival Royale, Rules of Survival, Knives Out, Fortcraft, Onmyoji series and Identity V.

New games planned for launch: Fantasy Westward Journey: Warriors, New Ghost Mobile, a series of new titles based on novels by Gu Long, and a version of Minecraft and Minecraft: Pocket Edition for China.

Game released under Titan Studio: Creative Destruction for PC and Mobile.[19][20][21]

Licensed online games[edit]

  • Commercially re-launched World of Warcraft in September 2009, which used to be operated by another company, The9 Limited
  • StarCraft II: Heart of the Swarm launched in PRC in July 2013
  • Launched free-to-play digital strategy card game Hearthstone in PRC in Jan 2014; mobile version launched in April 2015
  • Open beta testing of Heroes of the Storm started in China in May 2015
  • Initiated open beta testing in PRC of Diablo III: Reaper of Souls in April 2015
  • Three-‐year agreement to license Blizzard's upcoming title Overwatch in PRC[18]
  • Operates Overwatch in China
  • Agreement to license Mojang's 'Minecraft' and 'Minecraft: Pocket Edition' in China[22]
    • Operates the Chinese third-party 'Minecraft' Hypixel server[23]
  • Will assume the publishing of EVE Online in the Chinese market starting in October 2018.[24]
  • Developed Diablo Immortal for iOS and Android.

Expansion[edit]

NetEase launched their first Western Headquarters in August 2014 bringing one of the largest tech companies in China to the US.[25] In 2015, NetEase North America, the San Francisco-based arm of the Chinese technology giant, announced a new funding initiative for independent developers. Known as the NetEase Success Fund, the scheme offers an alternative to traditional publishing by providing up to $500,000 for each accepted developer to fund marketing and advertising. Furthermore, developers awarded funding retain the rights, creative control, and full ownership of their products. In December 2015, NetEase Capital Venture arm has made a $2.5 million investment into Reforged Studios, a privately held game studio based in Helsinki.

Music streaming service[edit]

NetEase has an on-demand music-streaming service; 网易云音乐 (roughly "NetEase cloud music").[26]

Significance of the number 163[edit]

NetEase's official website address is 163.com. This was attributed to the past where Chinese internet users had to dial "163" to connect to the internet, before the availability of broadband internet.[27]

References[edit]

  1. ^ "NetEase - Corporation Profile". NetEase.com, Inc.
  2. ^ a b c d "NetEase - Fundamentals - Annual Income Statement".
  3. ^ "Investor FAQs". Retrieved August 3, 2018.
  4. ^ https://www.trademarkia.com/creative-destruction-87884773.html
  5. ^ https://store.steampowered.com/app/893520/Creative_Destruction/
  6. ^ "163.com Site Overview". Alexa Internet. Retrieved 2014-07-04.
  7. ^ "Tencent leads the top 25 public game companies with $10.2 billion in revenues | GamesBeat". venturebeat.com.
  8. ^ https://steamcommunity.com/gid/103582791463197607/announcements/detail/3398424857423849659
  9. ^ "Netease Search Engine - Youdao/yodao spider". Httpuseragent.org. 2008-12-31. Retrieved 2012-08-17.
  10. ^ us Data Only (2011-10-26). "Siteanalytics.compete.com". Siteanalytics.compete.com. Retrieved 2012-08-17.
  11. ^ "Alexa Top 500 Global Sites". Retrieved 2010-04-15.
  12. ^ "NetEase English Name Changes" (in Chinese). Sina.com. March 29, 2012. Retrieved March 29, 2012.
  13. ^ "Follow news on Netease.com, Inc". BrightWire. Archived from the original on 2013-01-19. Retrieved 2012-08-17.
  14. ^ "Netease Begins Testing for Mobile App "Fan Fan" on Thursday". BrightWire. Archived from the original on 2012-07-27.
  15. ^ "Coursera partners with NetEase to deliver free online learning in China".
  16. ^ NetEase Q2 2017: Revenue Grows to $2 Billion, Games Generate $1.4bn, Chris Wray, WCCFTECH, Aug 10, 2017
  17. ^ "NetEase - Presentation". ir.netease.com. Retrieved 2015-10-16.
  18. ^ a b "NetEase - Fact Sheet". ir.netease.com. Retrieved 2015-10-16.
  19. ^ https://store.steampowered.com/app/893520/Creative_Destruction/
  20. ^ https://www.trademarkia.com/creative-destruction-87884773.html
  21. ^ https://www.creative-destruction.com/
  22. ^ "Minecraft is coming to China". mojang.com.
  23. ^ "Hypixel is coming to China".
  24. ^ "The Next Step For EVE China & Serenity – Announcing Partnership With NetEase! | EVE Online". EVE Online. Retrieved 2018-08-01.
  25. ^ "NetEase North America". www.netease-na.com. Retrieved 2015-10-16.
  26. ^ "网易云音乐 听见好时光 (NetEase cloud music to listen to the good times)". 网易云音乐 (NetEase cloud music). Retrieved 2015-05-03.
  27. ^ Beam, Christopher (May 1, 2014). "The Secret Messages Inside Chinese URLs". newrepublic.com. The New Republic. Retrieved February 1, 2016.

External links[edit]