China's Leading Online Games Company NetEase Tops the IBD 50 Index in 2015

2016-01-04 21:41 2682

GUANGZHOU, China, Jan. 4, 2016 /PRNewswire/ -- NetEase, the leading game developer and publisher in China, has gone from strength to strength in 2015. The stock price of the company, listed on NASDAQ, rose by 80% in the past year, and in the latest IBD 50 Index, NetEase was ranked as #1 performer. The index also featured other notable Internet related stocks such as Facebook, which was listed at No. 7.
(Note: the IBD 50 Index targets companies generating outstanding profit growth, strongsales increases, wide profit margins and high returnson equity.)

Originally as one of the first Internet companies in China, NetEase has now grown into an international corporation which boasted over $1 billion USD in revenues in Q3 2015, of which 78% derived from games. The IBD 50 commented in their latest ranking that the company was "moving from heavy focus on PC games to mobile gaming", and in fact NetEase has scored some major mobile gaming successes in 2015.
Firstly, in the Hong Kong and Taiwan regions, the fantasy style adventure game Lunar Flowers was named the iPad Game of the Year in 2015 and Battle to the West II was awarded Google Play's Best Game of 2015. These and other major mobile game achievements by NetEase were highlighted in App Annie's Global Mobile Game Index in November. With Fantasy Westward Journey and Journey to the West's phenomenal domination of the iOS top grossing charts in China, NetEase Games crowned the global iOS top grossing companies chart for the first time. Most notably, Fantasy Westward Journey surpassed Clash of Clans and took the second place in the global iOS top grossing games. 

Source: NetEase, Inc.
Related Stocks: