NTES - NetEase Rumored Downsizing: Fat-Trimming Or Business Restructuring Ahead?

2024-01-30 18:10:00 ET

Summary

• NetEase is said to be laying off workers in many departments, but the company rebutted the claim and said it was actively hiring.
• NetEase surpassed Meituan to become the fourth most valuable Internet company in China.
• NetEase is not expensive right now with a forward price-to-earnings ratio of 12.6 times, lower than the 16.3 times average in the past five years.

Rumblings emerged that NetEase had started to cut staff last month, and some departments were said to have let half of its workers go. But the company came out in vehement denial of the claim. ...

For further details see: