Thursday, December 01, 2011 10:26:42 AM
Press Release: NetEase.com, Inc.
BEIJING , Dec. 1, 2011 /PRNewswire-Asia-FirstCall/ -- NetEase.com, Inc. (NASDAQ: NTES - News), one of China 's leading Internet and online game services providers, today announced that its board of directors has approved a new share repurchase program of up to US$50 million of the company's outstanding American Depositary Shares (ADSs) for a period not to exceed three months.
Under the terms of the approved program, NetEase may repurchase its issued and outstanding ADSs in open-market transactions on the NASDAQ Global Select Market. The timing and dollar amount of repurchase transactions will be subject to Securities and Exchange Commission (SEC) Rule 10b-18 requirements. It is also expected that such repurchases will be effected pursuant to a plan in conformity with SEC Rule 10b5-1. NetEase plans to fund repurchases made under this program from available working capital.
About NetEase
NetEase.com, Inc. is a leading China -based Internet technology company that pioneered the development of applications, services and other technologies for the Internet in China. NetEase's online communities and personalized premium services have established a large and stable user base for the NetEase websites which are operated by its affiliates. In particular, NetEase provides online game services to Internet users through the in-house development or licensing of massively multi-player online role-playing games, including Fantasy Westward Journey, Westward Journey Online II, Westward Journey Online III, Tianxia II, Heroes of Tang Dynasty, Datang and Ghost, as well as the licensed games, Blizzard Entertainment's World of Warcraft and StarCraft II.
NetEase also offers online advertising on its websites, which enables advertisers to reach its substantial user base. In addition, NetEase has paid listings on its search engine and web directory and classified advertising services, as well as an online mall, which provides opportunities for e-commerce and traditional businesses to establish their own storefront on the Internet. NetEase also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the Web, which are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies.
Other community services that the NetEase websites offer include instant messaging, online personal advertisements, matchmaking, alumni clubs and community forums. The Company believes that it is also the largest provider of free e-mail services in China . Furthermore, the NetEase websites as well as its micro-blogging services provide various channels of content. NetEase aggregates news content on world events, sports, science and technology, and financial markets, as well as entertainment content such as cartoons, games, astrology and jokes, from over one hundred international and domestic content providers.
Do married people live longer than single ones or does it only seem longer?
Recent NTES News
- NetEase to Report First Quarter 2024 Financial Results on May 23 • PR Newswire (US) • 05/06/2024 08:30:00 AM
- Cloud Music Inc. Adds Expansive K-Pop Portfolio with JYP Entertainment Agreement • PR Newswire (US) • 04/30/2024 01:00:00 AM
- NetEase, Inc. Announces Filing of Annual Report on Form 20-F for Fiscal Year 2023 and Publication of 2023 Environmental, Social and Governance Report • PR Newswire (US) • 04/25/2024 10:20:00 AM
- Pixelworks Brings New Mobile Gaming Experience to "Diablo Immortal", a Co-developed Game by Blizzard Entertainment and NetEase • PR Newswire (US) • 04/11/2024 01:00:00 AM
- Delta Generates US$37 Million Profit in Q1, Google and Intel Unveil Cutting-Edge AI Chips, and More News • IH Market News • 04/10/2024 11:13:48 AM
- NetEase Experts Spotlight Cutting-Edge Game Technology at GDC 2024 • PR Newswire (US) • 03/18/2024 11:00:00 AM
- Cloud Music Inc. Reports Fiscal Year 2023 Financial Results • PR Newswire (US) • 02/29/2024 08:50:00 AM
- NetEase Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results • PR Newswire (US) • 02/29/2024 08:30:00 AM
- Goldman Sachs Reconsiders Fed Cuts, LUNR Surges Over 40% in Pre-Market, and More • IH Market News • 02/23/2024 01:03:59 PM
- Cloud Music Inc. to Report Fiscal Year 2023 Financial Results on February 29, 2024 • PR Newswire (US) • 02/07/2024 08:45:00 AM
- NetEase to Report Fourth Quarter and Fiscal Year 2023 Financial Results on February 29 • PR Newswire (US) • 02/07/2024 08:30:00 AM
- Wall Street Highlights: Apple Appeals Watch Ban, Tesla to Launch Updated Model Y, and More • IH Market News • 12/27/2023 11:08:22 AM
- Correction to Global Gaming Stocks Article • Dow Jones News • 12/22/2023 12:32:00 PM
- Global Gaming Shares Dive After China Proposes Online-Gaming Curbs -- 2nd Update • Dow Jones News • 12/22/2023 12:13:00 PM
- Global Gaming Shares Fall After Draft China Rules Released -- Update • Dow Jones News • 12/22/2023 10:28:00 AM
- Moody’s Reassesses China, GitLab Exceeds Estimates, Twilio Plans Major Layoffs, and More • IH Market News • 12/05/2023 11:25:58 AM
- Thursday’s Wall Street Highlights: Intel, Toyota, Catalent, Palo Alto Networks, Cisco, and more • IH Market News • 11/16/2023 12:22:22 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/16/2023 11:02:05 AM
- NetEase Announces Third Quarter 2023 Unaudited Financial Results • PR Newswire (US) • 11/16/2023 08:38:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/26/2023 10:04:35 AM
- NetEase to Report Third Quarter 2023 Financial Results on November 16 • PR Newswire (US) • 10/26/2023 08:30:00 AM
- NetEase Cloud Music Takes the Stage at ADE 2023: Debut as Speaker on China's Dance Music Trends • PR Newswire (US) • 10/20/2023 12:10:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/11/2023 10:04:36 AM
- Thursday’s Wall Street Highlights: Boeing, Nvidia, Guess, J&J, GM, and more • IH Market News • 08/24/2023 11:12:12 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/24/2023 10:14:59 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM