13FGuru
Sign in with Google Sign in with Discord

NASDAQ · Communication Services

NetEase Inc. - ADR NTES

NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. The company operates through Games and Related Value-Added Services; Youdao; NetEase Cloud Music; and Innovative Businesses and Others segments.

Sources StockAnalysis company profile stockanalysis.com
Gaming

Company profile

Business mix

  • The company operates through Games and Related Value-Added Services; Youdao; NetEase Cloud Music; and Innovative Businesses and Others segments.
  • It develops and operates mobile and PC games; and offers games licensed from other developers. The company also provides live streaming service, and other related or ancillary value-added services related to games, such as the sale of game-themed merchandise.
  • In addition, it offers digital content services with interactive learning features, including Youdao Lingshi and Youdao Literature.
  • Further, the company provides Youdao Dictionary, an online language tool; Confucius, a large language model for the education sector; Hi Echo, an AI-driven virtual English-speaking tutor; Mr.

Current key questions

  • Can broadband, mobile, video, and enterprise connectivity demand support subscriber growth, ARPU, and lower churn?
  • How do network investment, fiber capacity, spectrum, competition, regulation, and currency exposure affect free cash flow?
  • Does leverage, asset sales, M&A discipline, or market consolidation improve long-term per-share value?
Holders 2 Current sample portfolio
Public mentions 6 Videos / interviews / letters
Valuation snapshot
PE 15.5 FCF 9.89% Buyback -0.11%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Greenwoods / Jinglin George Jiang 9.2% $357.1M 2026-03-31
Davis Advisors Chris Davis 0.2% $47.3M 2026-03-31

Recent trading changes over the last 3 quarters

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Net buyers 0 Last 3 13F filing periods
Net reducers 3 Last 3 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $0 Estimated from net added shares
Reduction amount $326.9M Estimated from net reduced shares
Net share change / base shares -46.5% -3,135,332 / 6,748,044
Greenwoods / Jinglin George Jiang 3 filing periods
13F 2025-09-30 Filed 2025-11-10
Minor reduction Shares -7.9% 13F value change +$19.1M
13F 2025-12-31 Filed 2026-02-06
Unchanged Shares 0.0% 13F value change $0
13F 2026-03-31 Filed 2026-05-08
Minor reduction Shares -0.7% 13F value change -$85.0M
Settlement As of 13F 2026-03-31 · Filed 2026-05-08
Base shares 3,486,000 Last 3 periods -296,000 (-8.5%) Total shares 3,190,000 Value $357.1M
Davis Advisors Chris Davis 3 filing periods
13F 2025-09-30 Filed 2025-11-12
Minor increase Shares 0.2% 13F value change +$10.5M
13F 2025-12-31 Filed 2026-02-02
Major reduction Shares -28.3% 13F value change -$31.7M
13F 2026-03-31 Filed 2026-05-07
Minor reduction Shares -0.8% 13F value change -$11.3M
Settlement As of 13F 2026-03-31 · Filed 2026-05-07
Base shares 593,347 Last 3 periods -170,635 (-28.8%) Total shares 422,712 Value $47.3M
HHLR Advisors / Hillhouse Lei Zhang 3 filing periods
13F 2025-06-30 Filed 2025-08-14
Major reduction Shares -37.7% 13F value change -$50.8M
13F 2025-09-30 Filed 2025-11-14
Major reduction Shares -52.5% 13F value change -$103.7M
13F 2025-12-31 Filed 2026-02-17
Sold out Shares -100.0% 13F value change -$120.2M
Settlement As of 13F 2025-12-31 · Filed 2026-02-17
Base shares 2,668,697 Last 3 periods -2,668,697 (-100.0%) Total shares 0 Value $0

Recent mentions

Strategy No. 13: Fang Sanwen’s dialogue with Duan Yongping

H& H International Investment · Duan Yongping

In the first issue of the third season of Snowball's "Strategy", Fang Sanwen had a long interview with Duan Yongping in California, USA. They systematically talked about personal experiences, business operations, buying stocks means buying companies, NetEase and Apple, AI, education, and how ordinary investors can avoid pretending to understand.

Interview

Snowball Special Edition: Duan Yongping Investment Questions and Answers (Investment Logic)

H& H International Investment · Duan Yongping

Snowball Special Edition compiles Duan Yongping’s public Q&A on investment philosophy, circle of competence, valuation, discounted cash flow, opportunity cost, derivatives and investment mentality. It is a classic material that has long been cited by the Chinese value investment community.

Public Q&A

Snowball Special Edition: Duan Yongping Investment Questions and Answers (Business Logic)

H& H International Investment · Duan Yongping

Snowball Special Edition compiles the business logic content in Duan Yongping’s NetEase blog and Snowball Q&A, covering great companies, business models, corporate culture, consumer orientation, product differentiation and innovation. It is a classic material for understanding their corporate judgment framework.

Public Q&A

Duan Yongping 2010 NetEase Finance "Opinion China" interview

H& H International Investment · Duan Yongping

NetEase Finance's "Opinion China" has a long interview with Duan Yongping, reviewing Xiaobawang, BBK, moving to the United States, investing in NetEase and long-term value investment, which is suitable for connecting business management experience with subsequent public investment frameworks.

Interview

Mentioned by firms

H&H International Investment Duan Yongping