NTES-S (09999.HK)  +21.900 (+13.028%)    Short selling $496.88M; Ratio 12.594%   's quarterly results beat expectations. Its ADR NetEase (NTES.US)      closed up 14.6% at US$122.76 overnight (15th). This morning (16th), NTES-S' H-shares also opened 10.89% higher at $186.4, and once peaked at $191.3 in the morning session. The stock last printed at $190.3, spiking 13.21%, with 3.4669 million shares traded, involving $631 million.

NTES-S' games and related value-added services net revenues in the last quarter rose 12.1% YoY to RMB24 billion. CEO Ding Lei said in a conference call that the Company attaches great emphasis to the overseas game market.

Related NewsCiti Lifts TP for NetEase's US Shrs to USD156; Successful Game Performance Enhances Global Recognition
The previous phased adjustment of some overseas studios was due to the consideration of product positioning and content quality. It is believed that there will be more works that meet the requirements of the overseas market to be developed by NTES-S in the future.

The revenue of Identity V in 1Q25 hit another new quarterly high, NTES-S' management added. The Company will further increase its investment in resources for the game in the future.

As NTES-S' open world masterpiece, the Company will continue to iterate on Where Winds Meet's artistic expression and gameplay design, and expected that Where Winds Meet will continue to unleash the potential of an evergreen game in the next 5-10 years.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsUBS Lifts NTES-S (09999.HK) TP to $237.1 on Strong 1Q Results