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Company

China's NetEase sees robust growth in 2020

March 01, 2021


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

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Keyword: NetEase tech-giant

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