NetEase was founded in 1997 as an Internet services company, but today gaming accounts for nearly two-thirds of its $8.9 billion in revenue. China’s government has recently clamped down on the gaming industry, spooking investors and sending Netease’s shares down 44% this year. But many see current government opposition as a recalibration of standards, and they expect the industry to recover. Netease’s net revenue still grew 22% year over year in the second quarter, and it has a slew of top-end games lined up for release when approvals resume.
|Industry||Internet Software and Services|
|Revenues ($M) (Past 12 Months)||$8,852|
|Profits ($M) (Past 12 Months)||$1,026|
|Market Value as of Oct. 10, 2018 ($M)||$27,646|