NetEase : Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of September 2019

Commission File Number: 000-30666

NETEASE, INC.

Building No. 7, West Zone

Zhongguancun Software Park (Phase II)

No.10 Xibeiwang East Road, Haidian District, Beijing 100193, People's Republic of China (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-Fx Form 40-Fo

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

NETEASE, INC.

Form 6-K

NetEase's Sale of Kaola E-commerce Platform to Alibaba and Financing Round for NetEase Cloud Music

On September 6, 2019, NetEase, Inc. ("NetEase") signed and closed a transaction with Taobao Holding Limited, a subsidiary of Alibaba Group Holding Limited ("Alibaba"), to sell its e-commerce platform Kaola for approximately US$2 billion. The consideration is comprised of approximately US$1.7 billion in cash payable to NetEase, which includes the repayment of certain loans made by NetEase to Kaola, and to Kaola equity award holders, as well as approximately 14.3 million Alibaba ordinary shares issued to NetEase. The purchase price is subject to adjustments and certain payment conditions under the terms of the definitive agreements.

On the same date, NetEase and Alibaba entered into a definitive agreement for Alibaba, together with Yunfeng, to invest approximately US$700 million in NetEase Cloud Music in its latest round of financing. The completion of the transaction is subject to certain closing conditions. NetEase and Alibaba issued a joint press release, which is attached as Exhibit 99.1 to this current report on Form 6-K.

Forward Looking Statements

This Form 6-K contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in NetEase's filings with the Securities and Exchange Commission. NetEase does not undertake any obligation to update this forward-looking information, except as required under applicable law.

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EXHIBIT INDEX

Alibaba Acquires E-Commerce Platform Kaola from NetEase for Approximately US$2 Billion

Exhibit 99.1

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

NETEASE, INC.

By:	/s/ Zhaoxuan Yang
Name:	Zhaoxuan Yang
Title:	Chief Financial Officer

Date: September 6, 2019

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Exhibit 99.1

Alibaba Acquires Import E-Commerce Platform Kaola from NetEase for Approximately US$2 Billion

Alibaba will also take a minority stake in NetEase Cloud Music

Hangzhou, China, September 6, 2019 - NetEase, Inc. ("NetEase") (NASDAQ: NTES) and Alibaba Group Holding Limited ("Alibaba") (NYSE: BABA) today announced Alibaba's acquisition of NetEase's import e-commerce platform Kaola for approximately US$2 billion. The transaction paves the way for the two internet companies with deep roots in Hangzhou to further identify and explore business collaborations.

Alibaba plans for Kaola to continue to operate independently under its current brand. Tmall Import and Export General Manager Alvin Liu will serve as Kaola's new CEO.

In addition, Alibaba and NetEase have entered into a definitive agreement for Alibaba, together with Yunfeng, to invest approximately US$700 million in NetEase Cloud Music in its latest round of financing. The completion of this transaction is subject to certain closing conditions. NetEase will remain the controlling shareholder of NetEase Cloud Music following the closing of this transaction.

"We are pleased to have found a strategic fit for Kaola within Alibaba's extensive ecosystem, where Kaola will continue to provide Chinese consumers with high-quality import products and services. At the same time, the completion of this strategic transaction will allow NetEase to focus on its growth strategy, investing in markets that allow us to best leverage our competitive advantages. We remain fully committed to offering our users best-in-class and differentiated online content born from our relentless drive for craftsmanship and innovation." said William Ding, the CEO of NetEase. "As the controlling shareholder of NetEase Cloud Music, we will continue to fully support the growth of this business, helping it to realize its strategic goals in the music industry."

"Alibaba is confident about the future of China's import e-commerce market, which we believe remains in its infancy with great growth potential. We welcome Kaola to the Alibaba family and value NetEase's contributions in incubating an e-commerce platform with strong import capabilities. With Kaola, we will further elevate import service and experience for Chinese consumers through synergies across the Alibaba ecosystem," said Daniel Zhang, Chief Executive Officer of Alibaba Group. "Alibaba also looks forward to becoming a partner in the future development of NetEase Cloud Music and exploring innovative collaboration in the digital entertainment space."