On October 16, NetEase has updated its prospectus and announced that the largest fundraising for this IPO transaction is about $116 million. The company will be listed on the New York Stock Exchange on October 25.

文 | Daily Business Collection

Netease is getting closer and closer to the market, All in K12 needs to transfuse blood a year later

On October 16, NetEase has updated its prospectus and announced that the largest fundraising for this IPO transaction is about $116 million. The company will be listed on the New York Stock Exchange on October 25.

Netease has been established in 2006, initially positioned as a “web search”, and in the second year turned to dictionary search. In the past 10 years, there has been a gradual expansion from online knowledge tools to educational products and service providers covering preschool, K12, and adults. In April 2018, Netease announced that it had completed independent financing with a valuation of US$1.12 billion. In March of this year, the company’s tools-based products and the “Netease Education”, which is responsible for curriculum products, completed the business merger.

From the results disclosed in the prospectus, NetEase is still struggling to do it at this stage. In the first half of 2019, Netease achieved a profit of 549 million yuan, a year-on-year increase of 67.7%; net loss was 168 million yuan, an increase of 102.9%. Netease’s proven revenue is mainly from smart learning and advertising. In the first half of 2019, the revenue of these two parts accounted for 57% and 43% of total revenue, respectively.

There is a split of nearly 60% of the “smart learning” business, including “online courses”, smart device sales, and application notes for applications such as Taoyun notes, among which .. .

Editor’s comment: Ding Lei attaches great importance to the education sector and listed it as one of the company’s four strategies at the beginning of this year, alongside games, e-commerce and music. However, after half a year has passed, Ding Lei’s strategic map has also changed a lot…

The mobile game is officially open for appointment, and the League of Legends is not just a game

On October 16, the League of Legends celebrated its 10th anniversary. Tencent official news said that the “League League” genuine mobile game has opened an appointment, starting on October 16. According to the official introduction, the “League League” genuine mobile game is basically the same as the end game, except for the “League of Legends” changed its name to “the runes of the runes”, the game mechanism and other aspects have not changed. Previously, “League of Legends” launched the self-going game “Genden Game”, currently more than 33 million live players, global online players