NetEase (9999.HK) China gaming pioneer deploys overseas, new popular games drive growth November 9, 2022 58

PSR Recommendation: BUY Status: Initiation
Target Price: HKD138.41

Overview
NetEase (9999.HK) is a leading internet and technology company in China. Its main
business includes gaming and related value-added services. The company develop
and operate a variety of popular and enduring mobile and PC games in China.
Besides, NetEase’s other businesses include: (2) its subsidiaries Youdao (NYSE:
DAO), mainly provide technology-based intelligent learning services and products.
(3) its subsidiaries NetEase Cloud Music (9899.HK), mainly provide online music
service and rich music community experience. (4) its innovative businesses and
others, for example the self-operated lifestyle brand NetEase Yanxuan.

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