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    9999   KYG6427A1022

NETEASE, INC.

(9999)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 10/25
162 HKD   +0.93%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Chinese gaming firms vow self-regulation amid crackdown on teen addiction

09/24/2021 | 01:43am EDT
FILE PHOTO: Man plays online game on a computer at an internet cafe in Beijing

BEIJING (Reuters) - Over 200 Chinese gaming companies have pledged to regulate their industry to combat gaming addiction, including through the possible use of facial recognition to identify minors, a state-backed gaming association said on Friday.

The statement, published by the CGIGC gaming association, which is affiliated to the online game publishing regulator National Press and Publication (NPPA), on its official WeChat account, was signed by 213 companies including Tencent Holdings and NetEase.

China has expressed strong concern over growing video game addiction among its youth and the NPPA last month published new rules that forbid under-18s from playing video games for more than three hours a week. Companies and investors worry more actions against the industry could be in store.

The companies also pledged to crack down on content that distort history or promote "effeminate" behaviour and will also work to prevent breaches of these rules, such as the use of foreign gaming platforms, the CGIGC said.

Tencent in July rolled out a facial recognition function dubbed "midnight patrol" that parents can switch on to prevent children from using adult logins to get around the government curfew.

(Reporting by Yingzhi Yang and Brenda Goh; Editing by Sam Holmes)


ę Reuters 2021
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Analyst Recommendations on NETEASE, INC.
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Financials
Sales 2021 86 076 M 13 481 M 13 481 M
Net income 2021 15 201 M 2 381 M 2 381 M
Net cash 2021 84 611 M 13 251 M 13 251 M
P/E ratio 2021 29,4x
Yield 2021 1,01%
Capitalization 425 B 66 504 M 66 491 M
EV / Sales 2021 3,95x
EV / Sales 2022 3,28x
Nbr of Employees -
Free-Float 93,2%
Chart NETEASE, INC.
Duration : Period :
NetEase, Inc. Technical Analysis Chart | 9999 | KYG6427A1022 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Last Close Price 652,69 CNY
Average target price 816,02 CNY
Spread / Average Target 25,0%
EPS Revisions
Managers and Directors
Lei Ding Chief Executive Officer & Director
Zhao Xuan Yang Chief Financial Officer
Ting Bun Lee Independent Non-Executive Director
Lun Feng Independent Non-Executive Director
Tze Kay Tong Independent Non-Executive Director
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