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NetEase, Inc. (NTES) operates an interactive online community in the Peoples Republic of China.
The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.
The companys NetEase Websites provide Chinese Internet users a network of Chinese language-based online content channels, community and communication services, including news content, community forums, mobile-based applications, open courses, and interactive online video. It also offers other Web-based applications and services, such as a full text Chinese language search engine and a Web directory. NetEase provides online advertising services that include banner advertising, channel sponsorships, direct email, interactive media-rich sites, sponsored special events, games, contests, and other activities; email services to individual and corporate users; and wireless value-added services.
In addition, the company offers e-commerce services, including Caipiao, an online service that facilitates the processing of end users purchase orders for lotteries; Baoxian, an online service for the sale of insurance products; Kaola that sells imported maternity and baby products, skincare and cosmetics, and other general merchandise; Duobao, an online service to exchange a virtual currency for products; Wangyibao, an online payment platform; EaseRead, an e-reading apps; Cloud Music, an online music social network; and NetEase Cloud Classroom, an online education platform.
Further, it provides e-commerce marketplace services for third-party vendors; and Internet finance services, as well as sells game-related accessories.
The firm reports earnings on August 17th. We expect a strong report. Note the bullish "cup and handle" formation shown on the chart. The stock should move higher following the report.
52-Weeks Trading Range: $102.80 - $210.27
Last Trade: $205.75
Stop Loss: $195.00
Target Price: $226.35
NTES closed at $226.40
