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NetEase, Inc.

On November 15th, the company announced that its Board of Directors has approved a new share repurchase program of up to US$1.0 billion of the Company’s outstanding American Depositary Shares (ADSs) for a period not to exceed 12 months. NetEase debuted its virtual reality game Twilight Pioneers at Google I/O 2016. As one of the first games to commit to Daydream, Google’s platform for high quality mobile VR built on top of Android, Twilight Pioneers was released on November 10. Net revenues for t … (See Research Report)
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