NetEase Hits New High On Q3 Revenue, Earnings Beat
NetEase (NTES) stock hit an all-time high Thursday after the Chinese gaming and Internet company late Wednesday posted solid beats in revenue and earnings for Q3, as its focus on online games is paying off. The company said that online games, its biggest segment, saw a year-over-year revenue increase of 124.5%. Mobile original games drove growth, NetEase said, with “Westward Journey Online” and “Fantasy Westward Journey” coming in as the two top