Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. NetEase, Inc.
  6. News
  7. Summary
    9999   KYG6427A1022

NETEASE, INC.

(9999)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Chinese gaming firms vow self-regulation amid crackdown on teen addiction

09/24/2021 | 01:43am EDT
FILE PHOTO: Man plays online game on a computer at an internet cafe in Beijing

BEIJING (Reuters) - Over 200 Chinese gaming companies have pledged to regulate their industry to combat gaming addiction, including through the possible use of facial recognition to identify minors, a state-backed gaming association said on Friday.

The statement, published by the CGIGC gaming association, which is affiliated to the online game publishing regulator National Press and Publication (NPPA), on its official WeChat account, was signed by 213 companies including Tencent Holdings and NetEase.

China has expressed strong concern over growing video game addiction among its youth and the NPPA last month published new rules that forbid under-18s from playing video games for more than three hours a week. Companies and investors worry more actions against the industry could be in store.

The companies also pledged to crack down on content that distort history or promote "effeminate" behaviour and will also work to prevent breaches of these rules, such as the use of foreign gaming platforms, the CGIGC said.

Tencent in July rolled out a facial recognition function dubbed "midnight patrol" that parents can switch on to prevent children from using adult logins to get around the government curfew.

(Reporting by Yingzhi Yang and Brenda Goh; Editing by Sam Holmes)


ę Reuters 2021
All news about NETEASE, INC.
09/28NETEASE : Pumps $120 Million in Game Publisher Kepler
MT
09/28Gaming Startup Kepler Secures $120 Million Funding From NetEase
MT
09/28Kepler Interactive Limited announced that it has received $120 million in funding from ..
CI
09/27Gaming company Kepler raises $120 million from China's NetEase
RE
09/21China's Mobile Gaming Market Logs 8.2% Revenue Growth in August
MT
09/20NETEASE, INC.(NASDAQGS : NTES) dropped from FTSE All-World Index
CI
09/20NETEASE, INC.(SEHK : 9999) added to FTSE All-World Index
CI
09/19TENCENT : Parents laud Chinese rules aimed at kids' 'unhealthy' gaming
AQ
09/16TENCENT : China slows game approvals to enforce tough new rules - Bloomberg News
RE
09/14NETEASE : Beijing Crackdown Forces NetEase to Scale Down Game Projects
MT
More news
Analyst Recommendations on NETEASE, INC.
More recommendations
Financials
Sales 2021 85 979 M 13 363 M 13 363 M
Net income 2021 15 064 M 2 341 M 2 341 M
Net cash 2021 84 611 M 13 151 M 13 151 M
P/E ratio 2021 27,8x
Yield 2021 1,07%
Capitalization 400 B 62 159 M 62 159 M
EV / Sales 2021 3,67x
EV / Sales 2022 3,03x
Nbr of Employees -
Free-Float 93,2%
Chart NETEASE, INC.
Duration : Period :
NetEase, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Last Close Price 614,83 CNY
Average target price 817,52 CNY
Spread / Average Target 33,0%
EPS Revisions
Managers and Directors
Lei Ding Chief Executive Officer & Director
Zhao Xuan Yang Chief Financial Officer
Ting Bun Lee Independent Non-Executive Director
Lun Feng Independent Non-Executive Director
Tze Kay Tong Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
NETEASE, INC.1.15%62 159
NETEASE, INC.-0.22%62 159
ACTIVISION BLIZZARD, INC.-17.72%59 417
NEXON CO., LTD.-37.80%15 546
PLAYTIKA HOLDING CORP.0.00%11 662
NCSOFT CORPORATION-34.80%10 577