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
新华社巴黎3月4日电 4日，巴黎奥运会和残奥会官方海报在奥赛博物馆发布。由法国著名插画艺术家乌戈·加托尼创作的这两张海报堪称奥运海报史上的一次大幅创新，其所包含元素之多、细节之丰富均打破了以往奥运海报设计的 3月5日，李强总理向十四届全国人大二次会议作政府工作报告，要点如下： 一、2023年工作回顾 国内生产总值增长5.2% 粮食产量1.39万亿斤 城镇新增就业1244万人 全年新增税费优惠超过2.2万亿元 新能源汽车产销量占全球比重超 南方财经全媒体记者高慧超 实习生邓菲、卢诗文 佛山报道3月5日，南方财经全媒体记者从人民银行佛山市分行获悉，截至2024年1月末，佛山市本外币贷款余额20466亿元，成为广东省内首个贷款余额 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 “行过生菜会，富贵自然来” 新快报讯 3月6日，农历正月廿六，广州市荔湾区冲口街大型传统民俗文化活动——2024坑口生菜会暨坑口生菜会民俗文化展热闹开锣！坑口“生菜会”传承300多载，既是一场新年祈福的盛大活动，还是联结乡 3月5日，为期40天的2024年春运正式落下帷幕。广铁集团累计到发旅客1.39亿人次，创春运历史新高，成为历年来最火爆春运。 节前广州深圳仍是热门出发地 春运40天，广铁集团客流持续高位，打足热门方向运力，累计发送旅客7149.6万人 。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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