NetEase Inc (NTES US)

NetEase Inc is a Chinese Internet technology company providing online services centered on content, community, communications and commerce. Founded in 1997 by Lebunto, the company was a key pioneer in the development of Internet services for China.

In a financial report, NetEase reported a staggering 54.1 billion yuan ($8.6 billion) in net income in 2017 — nearly a 40 percent increase from the previous year. However, the China Consumers Association (CCA) rained on NetEase’s parade the very same day, accusing Kaola.com, one of the company’s e-commerce arms, of selling counterfeit Estée Lauder eye cream.

CBSMarketWatch.com: Netease seeks $120 million in Nasdaq IPO, 30 Mar 2000

Qian Zhecheng (Sixth Tone): NetEase Posts 2017 Profits, Responds to Counterfeit Claims, 09 Feb 2018
NetEase: Annual Report, 08 Feb 2018

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