南方财经全媒体记者 杨雨莱 广州报道
Some say Chinese internet industry is kind of like a zoo. There's "penguin factory", a nickname for Tencent; "cat factory" for Alibaba, "dog factory" for JD, and so on. And the Guangzhou-based NetEas, which is dubbed the "pig factory" won its name fair and square by having a founder who is actually involved in pig farming.
As a veteran of China's internet industry, Ding Lei founded NetEase at the age of 26, and became the richest man in China at 32. But at 38, Ding, who's worth over 100 billion yuan, embarked on his "obsession" with pig raising.
Under his leadership, NetEase has been on a rollercoaster ride of dramatic twists and turns. Founded in 1997, NetEase modeled its development after Yahoo. It went on to launch China's first all-Chinese search engine, the first site to offer free personal homepage, and first free mailbox. NetEase once became the most popular website among Chinese netizens.
However, when it went public on NASDAQ in 2000, the dot-com bubble bursted. At the brink of survival, in 2002, NetEase once again took the market by storm with the game "A Chinese Odyssey", propelling its stock price steadily to 72 USD by 2003, crowning NetEase as the "No.1 stock on NASDAQ". As time went on, NetEase's developmental trajectory grew more and more perplexing for onlookers. At times, it ventured into the music industry; At other times, it delved into education. One moment, the CEO was selling towels, and in the next, he's raising pigs.
Many people struggle to define what company NetEase is, but its financial reports provides a clear answer. In the third quarter of 2023, NetEase achieved a net revenue of 27.27 billion yuan, with income from gaming and related services accounting for almost 80%. NetEase is without a doubt a gaming company. It has developed numerous top-tier IPs. And its "on-again, off-again" relationship with Blizzard has also drawn significant attention. In the global mobile gaming market, Tencent leads by a wide margin in revenue. While NetEase ranks fourth, closely trailing Blizzard and Playrix.
However, NetEase's gaming business is not without its challenges. In 2022, Ding Lei proposed an overseas strategy supported by self-developed games and investment. Despite owning more than 30 studios overseas. NetEase's self-developed games didn't quite match up to local alternatives, it struggled to compete with industry giants like MiHoYo and Tencent in overseas markets, and even lagged behind Tier 2 gaming companies like 37 Interactive Entertainment.
Fortunately, these setbacks have limited impact on NetEase's overall performance. In the third quarter of 2023, NetEase achieved a net revenue of 27.27 billion yuan, with a net profit of 7.8 billion yuan, and a year-on-year growth of nearly 18%. Meanwhile, the gross profit margin for the same period reached an impressive 62%. On December 13 of last year, NetEase briefly surpassed Meituan with a market cap of HKD 542.5 billion, to be the fourth-largest internet company in China, ranking only behind Tencent, PDD, and Alibaba.
Despite being "gaming-centric", NetEase also has noteworthy achievements in other businesses. NetEase Cloud Music went public in 2021, becoming the first listed music community globally, and turned losses into profits in the first half of 2023.
Among today's multitude of Chinese internet companies, when compared to rising stars like ByteDance, NetEase may not be the most shinning one, but it certainly stands out as one of the most unique with its inherent distinctiveness and innovation, as part of the rise, develop, and flourish of China's internet industry.
出品：南财国际传播中心 21新媒体中心 创意互动中心
策划统筹：于晓娜 丁青云
内容统筹：谭婷 谢珍
责任编辑：黄欣然
执行统筹：黄欣然
设计统筹：林军明
视频统筹：白宇航
监制：施诗
英文翻译&配音：李莹亮
海外运营监制: 黄燕淑
海外运营内容统筹: 黄子豪
运营支持：曾静娇
审校：强燕 魏雯静 黄志明
新快报讯 2月27日，由佛山市委宣传部、市委网信办联合组织的全省全市高质量发展大会深度报道系列采访活动启动。活动当天，国内重点主流媒体超20位融媒记者深入一线，充分报道多名企业家、科学家基层一线高质量发展的有益 新快报讯 人间三月，姹紫嫣红，一年中最美丽的节日——第114个“三八”国际妇女节即将来临。3月2日，由东莞市妇联、东莞市委政法委指导，东莞市妇女儿童福利会、麻涌镇妇女联合会协办，广东嘉荣超市有限公司、金佰利（中国）有限公 3月4日，台“立法院”就“2·14恶性撞船事件”展开激烈质询，民进党当局和国民党“立委”展开言辞攻防。本文从台方对事件的定性、赔偿问题以及台湾“海巡署”行为等方面进行分析，指出质询虽激烈但未触及事件本质。对于台 南方财经全媒体记者高慧超 实习生邓菲、卢诗文 佛山报道3月5日，南方财经全媒体记者从人民银行佛山市分行获悉，截至2024年1月末，佛山市本外币贷款余额20466亿元，成为广东省内首个贷款余额 十四届全国人大二次会议各代表团6日全天举行代表小组会议。上午审议政府工作报告，下午审查计划报告和草案、预算报告和草案。 全国政协十四届二次会议6日全天举行界别联组会议和小组会议。上午讨论政府工作报告，审议政 南方财经全媒体记者江珊 施诗 北京报道3月5日，第十四届全国人民代表大会第二次会议在北京召开。南方财经全媒体记者了解到，港区全国人大代表霍启刚就“粤港澳体育湾区”“申办2031年 。本文链接：Companies in the GBA｜What gaming company that raises pigs and sells towels？http://www.sushuapos.com/show-1-7037-0.html
声明：本网站为非营利性网站，本网页内容由互联网博主自发贡献，不代表本站观点，本站不承担任何法律责任。天上不会到馅饼，请大家谨防诈骗！若有侵权等问题请及时与本网联系，我们将在第一时间删除处理。
上一篇： 全球财经连线｜全国政协经济委员会副主任容永祺：连续6年关注大湾区保险服务中心进展，期望开业后为三地消费者提供便利