NetEase

Offers online game services, advertising services, and wireless value-added services in China.

Launch date

Jun 1997

Employees

Market cap

Enterprise valuation

$34.7b (Public information from Sep 2024)

Guangzhou Guangdong (HQ)

https://www.neteasegames.com/

https://twitter.com/neteaseofficial https://www.linkedin.com/company/netease https://apps.apple.com/app/id1008637459 https://play.google.com/store/apps/details?id=com.gaeamobile.kr.gmdl

Corporate Venture Fund: NetEase Capital

Revenues, earnings & profits over time

CNY	2020	2021	2022	2023	2024	2025	2026
Revenues	73.7b	87.6b	96.5b	103.5b	108.9b	118.5b	128.3b
% growth	24 %	19 %	10 %	7 %	5 %	9 %	8 %
EBITDA	19.5b	17.2b	20.9b	29.6b	33.0b	37.6b	41.5b
% EBITDA margin	26 %	20 %	22 %	29 %	30 %	32 %	32 %
Profit	12.1b	16.9b	20.3b	29.4b	29.6b	32.4b	35.2b
% profit margin	16 %	19 %	21 %	28 %	27 %	27 %	27 %
EV / revenue	4.9x	4.0x	2.6x	3.0x	2.4x	2.0x	1.7x
EV / EBITDA	18.4x	20.5x	11.9x	10.5x	7.7x	6.3x	5.4x
R&D budget	10.4b	14.1b	15.0b	16.5b	-	-	-
R&D % of revenue	14 %	16 %	16 %	16 %	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
Dec 1999	N/A	N/A	Series A
Jun 2000	N/A	N/A	IPO
Jan 2008	N/A	N/A	Grant
Total Funding		-

Tech stackLearn more about the technologies and tools that this company uses.

ACQUISITION by Shine Group Sep 2011

ACQUISITION by NetEase Aug 2022

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