Nomura Securities Upgrades NetEase.com (NTES) to Buy
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NetEase Reports First Quarter 2016 Unaudited Financial Results
May 11, 2016 7:00 PM EDTBEIJING, May 11, 2016 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES) ("NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced its unaudited financial results for the first quarter ended March 31, 2016.
"Our first quarter performance represents a strong start to 2016, reflecting progress in all areas of our business and continued leadership in China's online games industry," said Mr. William Ding, Chief Executive Officer and Director of NetEase. "Our total first quarter net revenues grew 116.3% compared with the first quarter of 2015, with year-over-year increases of 104.5% in online game services,... More
