NetEase (NTES) Shares Drop Amid Executive Departures

Nov 13, 2024

NetEase (NTES, Financial) saw its stock drop over 3%, closing at $76.11. Recent developments within the company include the departure of Wu Xinxin, Vice President of NetEase Games, as indicated in the company's internal system. This follows the resignation of Zhang Haixing, General Manager of NetEase Games Marketing.

These departures coincide with an ongoing investigation into corruption at NetEase, as previously leaked online earlier in the month. The company is reportedly still investigating several employees in its marketing division.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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