南方财经全媒体记者 杨雨莱 广州报道
Some say Chinese internet industry is kind of like a zoo. There's "penguin factory", a nickname for Tencent; "cat factory" for Alibaba, "dog factory" for JD, and so on. And the Guangzhou-based NetEas, which is dubbed the "pig factory" won its name fair and square by having a founder who is actually involved in pig farming.
As a veteran of China's internet industry, Ding Lei founded NetEase at the age of 26, and became the richest man in China at 32. But at 38, Ding, who's worth over 100 billion yuan, embarked on his "obsession" with pig raising.
Under his leadership, NetEase has been on a rollercoaster ride of dramatic twists and turns. Founded in 1997, NetEase modeled its development after Yahoo. It went on to launch China's first all-Chinese search engine, the first site to offer free personal homepage, and first free mailbox. NetEase once became the most popular website among Chinese netizens.
However, when it went public on NASDAQ in 2000, the dot-com bubble bursted. At the brink of survival, in 2002, NetEase once again took the market by storm with the game "A Chinese Odyssey", propelling its stock price steadily to 72 USD by 2003, crowning NetEase as the "No.1 stock on NASDAQ". As time went on, NetEase's developmental trajectory grew more and more perplexing for onlookers. At times, it ventured into the music industry; At other times, it delved into education. One moment, the CEO was selling towels, and in the next, he's raising pigs.
Many people struggle to define what company NetEase is, but its financial reports provides a clear answer. In the third quarter of 2023, NetEase achieved a net revenue of 27.27 billion yuan, with income from gaming and related services accounting for almost 80%. NetEase is without a doubt a gaming company. It has developed numerous top-tier IPs. And its "on-again, off-again" relationship with Blizzard has also drawn significant attention. In the global mobile gaming market, Tencent leads by a wide margin in revenue. While NetEase ranks fourth, closely trailing Blizzard and Playrix.
However, NetEase's gaming business is not without its challenges. In 2022, Ding Lei proposed an overseas strategy supported by self-developed games and investment. Despite owning more than 30 studios overseas. NetEase's self-developed games didn't quite match up to local alternatives, it struggled to compete with industry giants like MiHoYo and Tencent in overseas markets, and even lagged behind Tier 2 gaming companies like 37 Interactive Entertainment.
Fortunately, these setbacks have limited impact on NetEase's overall performance. In the third quarter of 2023, NetEase achieved a net revenue of 27.27 billion yuan, with a net profit of 7.8 billion yuan, and a year-on-year growth of nearly 18%. Meanwhile, the gross profit margin for the same period reached an impressive 62%. On December 13 of last year, NetEase briefly surpassed Meituan with a market cap of HKD 542.5 billion, to be the fourth-largest internet company in China, ranking only behind Tencent, PDD, and Alibaba.
Despite being "gaming-centric", NetEase also has noteworthy achievements in other businesses. NetEase Cloud Music went public in 2021, becoming the first listed music community globally, and turned losses into profits in the first half of 2023.
Among today's multitude of Chinese internet companies, when compared to rising stars like ByteDance, NetEase may not be the most shinning one, but it certainly stands out as one of the most unique with its inherent distinctiveness and innovation, as part of the rise, develop, and flourish of China's internet industry.
出品：南财国际传播中心 21新媒体中心 创意互动中心
策划统筹：于晓娜 丁青云
内容统筹：谭婷 谢珍
责任编辑：黄欣然
执行统筹：黄欣然
设计统筹：林军明
视频统筹：白宇航
监制：施诗
英文翻译&配音：李莹亮
海外运营监制: 黄燕淑
海外运营内容统筹: 黄子豪
运营支持：曾静娇
审校：强燕 魏雯静 黄志明
来源：新华社微博 受国务院委托，国家发展和改革委员会3月5日提请十四届全国人大二次会议审查《关于2023年国民经济和社会发展计划执行情况与2024年国民经济和社会发展计划草案的报告》。摘要如下：一、20 近日，73岁老戏骨李龙基为救小女友王青霞被拘留的事情操碎了心。在香港演出时，他在舞台上泪洒，为女友的遭遇感到心痛和无助。王青霞（Chris）被关押在香港的大橄榄女子惩教所，面临多项指控，包括逾期居留和使用虚假证书等。李龙 张玉卓 国务院国资委主任 5日的十四届全国人大二次会议首场“部长通道”上，国务院国有资产监督管理委员会主任张玉卓介绍说，今年《政府工作报告》对国资国企方面安排部署内容比较丰富，包括国有企业深化改革，国有 南财智库研究员 梁施婷为期40天的春运于3月5日结束。据交通运输部消息，2024年春运期间全社会跨区域人员流动量预计超84亿人次。其中，铁路客运量预计完成4.8亿人次。另据统计，广铁集团累 随着消费者对母婴健康消费需求升级与新国标的出台推进，消费者针对婴幼儿配粉奶粉的品质、营养性的关注度在近年来大幅提升，尤其是乳品奶源地的天然性、奶牛饲养方式的科学性以及乳制品加工工艺是否精湛 。本文链接：Companies in the GBA｜What gaming company that raises pigs and sells towels？http://www.sushuapos.com/show-1-7037-0.html
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