NetEase rakes in profits from mobile gaming

Updated 2017-02-16 16:50:49

Strong mobile gaming sales boosted internet company NetEase's revenue gains for 2016.

Net revenues surged 67.4 percent for the year to reach 38.2 billion yuan (.5 billion), with gross profit up 61.9 percent to 21.7 billion yuan, the Nasdaq listed company said on Thursday.

Growth in profits came from revenue contributions from mobile games, including Onmyoji and New Ghost, as well as its licensed versions of Blizzard's Overwatch and World of Warcraft, NetEase chief executive officer William Ding said.

The company introduced more than 40 new titles last year, and will begin the international release of the game Onmyoji in Japan, Canada, Europe and the United States this year. The indigenous game was named one of the top 10 outstanding games of 2016 in China's iOS app store.

Net revenues from advertising services were 2.2 billion yuan for 2016, compared to 1.8 billion yuan in the preceding fiscal year.

Its two online shopping sites and Yanxuan are also pushing sales of email, e-commerce and other businesses to more than 8 billion yuan, up from 3.7 billion yuan last year.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58January 19 2018 21:07:08

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16January 19 2018 21:07:08

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18January 19 2018 21:07:08

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords