It’s one of China’s oldest tech companies, but still has plenty of irons
in the fire.
NetEase’s (NASDAQ: NTES) stock popped last week after the Chinese tech
company posted its third-quarter earnings. Some investors might be
reluctant to chase that rally, especially given that the stock has risen
nearly 50% this year, but I think it’s still a great buy, for three
simple reasons.
NetEase’s revenue rose 27% year-over-year to 18.66 billion yuan ($2.75
billion) during the quarter, which met analysts’ expectations and marked
an acceleration from its previous quarters:.
Metric
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