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Music streaming app NetEase walks a fine line as it cracks down on ‘emotional’ listeners during a pandemic
The phenomenon sparked a new meme dubbed NetEmo, which took off after some users poked fun at depressed people.
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NetEase
The online audio industry is growing fast in China, but challenges remain.
For Chinese companies, a stealthy trend towards privatization runs parallel to a recent wave of dual-listings.
China’s online dating market is expected to generate USD 186 million in revenues this year.
New Wave, an entity controlled by Chao and also the largest shareholder of Sina with a 58% voting power, has proposed to buy all outstanding ordinary shares.
JD.com and NetEase’s IPOs accounted for 62.1% of the capital raised in Hong Kong in the first half of 2020.
China’s cloud gaming market is expected to be worth at least USD 565 million by 2022, according to a report.
Gamers and investors alike have much to expect from NetEase as it explodes onto the global stage.
Amid shaky global economic conditions, firms are utilizing share buybacks to minimize damage to their market capitalizations.