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Updated 3 hours ago ·

NetEase Might Be in the Path of the Fallout from America's Clean Network Program

NetEase (NTES:NASDAQ) investors need to weigh in potential tensions between China and the US aroused from the US government's move to ban Chinese firms, as the firm is highly exposed among its peers in the Internet sector.  On August 6, the United States announced a measure called 'Clean Network' aimed at curbing potential national security risks from China. This program includes cleaning carrier, store, apps, cloud and cable. Seven technology companies, including Alibaba, Tencent, and Huawei, appeared on the list.  An array of Chinese firms will be exposed to further risks arising from the issue. According to Morgan Stanley, one of the largest Internet conglomerates in China, NetEase has 2% of its business exposure to the US. It ranks third among other Chinese internet and software stocks.  As a Chinese internet giant known as the second-largest gaming player in China behind Tencent, NetEase generates around 80% revenue from online games. It is trying to penetrate other fields like education and music streaming, where it owns Youdao and NetEase Music. It sold NetEase Kaola, an ex-subsidiary doing cross-border e-commerce to Alibaba (BABA:NYSE) last September.  In June, NetEase applied for a secondary listing in Hong Kong with USD 2.6 billion in fundraising to accelerate its international expansion, suggesting the firm's willingness to 'return home' when facing rising tensions between China and the US. "NetEase will focus on the following three directions in the next step: build an organization with self-evolution capabilities, continue to implement the boutique strategy, and firmly advance the globalization strategy," said Ding Lei, the CEO of NetEase.

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Updated 18 hours ago ·

Tencent and Huya are Exposed to the US market

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Aug 5, 2020 11:55 am · jiemian

TikTok Rivals' Downloads Surges in the US

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Aug 5, 2020 11:50 am · Sensor Tower

TikTok and Douyin Won Champion on the July Global Apps Revenue List

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Aug 5, 2020 11:16 am · CNBC

Instagram Launches TikTok's Rival Reels in the US

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Aug 5, 2020 11:07 am · CNBC

Microsoft Could Buy TikTok for up to USD 30 Billion

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Aug 4, 2020 01:42 pm · China Telecom Official Website

China Telecom and Tencent Jointly Launched Game Broadband

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Aug 4, 2020 01:35 pm · 36Kr

China's Internet Video Users Hit 850 Mn

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Aug 4, 2020 11:33 am · CNN Philippine

Roque Said No Plans to Ban TikTok in Philippines

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Aug 3, 2020 05:36 pm · Shanghai Securities News

ByteDance 'Disagrees' with US Conclusion

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Aug 3, 2020 04:54 pm · Eastmoney

ByteDance May Set Headquarter Outside the US

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