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NetEase is the earliest Internet company in China, famous for its games, education and other businesses. You may have also heard of Meituan, China's largest local life service platform, known for its food delivery, ** hotel and other businesses.
But what you may not know is that NetEase has recently surpassed Meituan in market capitalization to become China's fourth-largest internet company by market capitalization, behind Tencent, Pinduoduo and Alibaba. And Ding Lei, the founder and CEO of NetEase, has become the third richest person in China, after Ma Huateng and Ma Yun. How did this happen?
NetEase's main revenue** is the gaming business, which accounts for nearly 80% of net revenue. NetEase has deep experience in game development and operation, and has a number of classic self-developed games, such as "Fantasy Journey to the West", "Journey to the West", "Onmyoji" and so on.
These games all have a stable user base and revenue**, providing NetEase with a solid foundation. At the same time, NetEase is constantly launching new games to meet the needs of players of different genres and tastes.
For example, "Against the Cold", "Egg Boy Party", "Peak Speed", etc., these games have achieved good market response and revenue performance, bringing growth momentum to NetEase. The steady growth of NetEase's game business has enhanced NetEase's market value and competitiveness.
In addition to self-developed and first-class games, NetEase has also cooperated with internationally renowned game companies to develop some exclusive games, such as "Star Wars: Galaxy of Heroes", "Harry Potter: Magic Awakening", "Honor of Kings: International Edition" and so on.
These games have a strong brand effect and user appeal, which has expanded the overseas market and user base for NetEase. The internationalization of NetEase's game business has increased NetEase's revenue and profits, and increased its market value and influence.
In addition to the game business, NetEase has also set foot in many fields such as education, e-commerce, mailbox, news, etc., forming a diversified business layout. Although these businesses have not yet reached the level of profitability, they all have broad market space and development potential, which has cultivated new growth points for NetEase.
NetEase Cloud is one of the largest platforms in ChinaWith more than 600 million users, it is loved by users for its rich content, high-quality community and innovative services.
NetEase Youdao is one of the largest education platforms in China, providing a variety of educational products and services, covering all stages and fields from preschool to the workplace. The layout of NetEase's diversified business has expanded the market and users for NetEase, increased revenue and profits, and increased market value and brand.
In addition to ** and education, NetEase also has a good performance in e-commerce, mailbox, news and other fields. NetEase Kaola is one of the largest cross-border e-commerce platforms in China, providing a large number of overseas ** and high-quality services to meet the needs of consumers.
There is also NetEase Mail, one of the largest email service providers in China, with more than 1 billion users, favored by users for its security, stability and efficiency. The development of NetEase's diversified business has increased NetEase's diversified revenue** and profit contribution, and reduced its dependence on and risk of a single business.
As one of the earliest Internet companies in China, NetEase has always maintained the spirit and ability of innovation, and constantly explored new technologies and formats to adapt to market changes and user needs.
NetEase has in-depth research and application in the fields of artificial intelligence, cloud computing, and big data, providing technical support and advantages for NetEase's various businesses. NetEase also has forward-looking layouts and attempts in virtual reality, augmented reality, blockchain and other fields.
The combination of blockchain technology and game content provides players with a new gaming experience and value. NetEase's strong innovation ability has won the recognition of the market and the trust of users, and increased the market value and brand.
In addition to blockchain, NetEase also has breakthroughs in virtual reality and augmented reality. For example, NetEase VR launched the world's first virtual reality-based game, NetEase VR, which integrates virtual reality technology and game content to provide players with an immersive gaming experience and interaction.
NetEase's market value surpassed Meituan, becoming the fourth largest Internet company in China by market capitalization, and Ding Lei also became the third richest person in ChinaNew games continue to gain momentum. NetEase diversifies its business layout and cultivates new growth points.
NetEase has strong innovation capabilities and explores new technologies and formats. NetEase's advantages and strategies have enabled it to maintain its competitiveness and growth in the Internet industry, and have also made it highly evaluated and valued in the market. The story of NetEase is worth learning and learning from. What are your thoughts on this?