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China’s NetEase sees robust growth in 2020

Abstract : Chinese internet giant NetEase Inc. posted net revenue of 73.67 billion yuan (about 11.4 billion U.S. dollars) in 2020, up 24.4 percent year on year.

HANGZHOU, Feb. 26 (Xinhua) — Chinese internet giant NetEase Inc. posted net revenue of 73.67 billion yuan (about 11.4 billion U.S. dollars) in 2020, up 24.4 percent year on year.

In the fourth quarter (Q4), the firm earned a net revenue of 19.8 billion yuan, up 25.6 percent year on year, according to a financial report released by the company on Thursday.

NetEase’s game revenue reached 54.61 billion yuan in 2020, while its Youdao, an intelligent-learning firm under NetEase, saw its net revenue jump 169.7 percent year on year to 1.11 billion yuan in Q4. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s NetEase sees robust growth in 2020

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