NetEase’s 85% Stock Comeback Defies China’s Slowdown
07/05/2023 18:55
A slew of recent blockbuster video game hits by NetEase Inc. is giving bulls renewed optimism that the firm’s 85% rally since an October low has more room to run.
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A slew of recent blockbuster video game hits by NetEase Inc. is giving bulls renewed optimism that the firm’s 85% rally since an October low has more room to run.
Since launching in China on Friday, the company’s Justice Mobile — an AI powered martial arts game — has ranked among the top three highest-grossing video games in the country. Along with Eggy Party and the Racing Master, they made up China’s three most downloaded video games on July 2, according to Goldman Sachs Group Inc.