Netease: Spot On With Its Strategy

Netease (NASDAQ: NTES) has had a phenomenal run in the year 2013 with the stock having gained over 74% in the year to date. So what is it that drives such faith in the company? Over the last two quarters, Netease has been consciously shifting its focus on in-house developed games rather than solely depending on games from partner Activision Blizzard. The company’s new in-house developed games released this year include Heroes of three Kingdoms and Dragon sword, which have seen a large acceptance among the fast growing Chinese online gaming community. The company’s recent thrust to enter into the mobile space with games for mobile platforms as well as the tie-up with China Telecom to launch ‘YiChat’ show the company’s commitment to the Mobile platform as a future engine of growth. The company has slowly but steadily diversified its operations which we believe will hold the company on solid ground in the time ahead. To read our detailed analysis of Netease, visit our ‘stock picks’ section here.

To see Netease’s latest stock price movement, click here (NASDAQ: NTES)

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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