Why Are NetEase Shares Trading Lower Today?


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


  • Chinese gaming firm NetEase Inc (NASDAQ:NTES) scrapped some of its studios and projects started in early September amid China's video gaming sector regulatory crackdown, SCMP reports.
  • NetEase pulled off multiple programmers, designers, and creative artists from their original jobs at its Shanghai and Hangzhou offices.
  • China recently restricted the gaming time for players below 18.
  • The Chinese stocks ranging from Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings Ltd (OTC: TCEHY) are trading lower due to the domestic tech crackdown.
  • Price Action: NTES shares traded lower by 2.55% at $85.93 on the last check Tuesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: GovernmentNewsRegulationsMoversTechMediaTrading IdeasBriefswhy it's moving