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NetEase says less than 1% of its revenue comes from minors


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The symbol of online technologies company Netease is viewed at the China Electronic Leisure Expo and Meeting, also identified as ChinaJoy, in Shanghai, China July 30, 2021. Image taken July 30, 2021. REUTERS/Aly Tune

August 31, 2021

(Corrects headline and text right after NetEase corrects assertion to clarify that “less than 1%” refers to the total of profits it will get from minors, not the affect on its earnings)

(Reuters) -NetEase Inc Chief Executive Officer Ding Lei said on Tuesday the gaming company gets a lot less than 1% of its revenue from minors.

The feedback arrived soon after China’s new guidelines, posted on Monday, forbid beneath-18s from enjoying video online games for much more than 3 several hours a 7 days as section of a important change by Beijing to reinforce manage in excess of some vital sectors of its economy.

(Reporting by Tiyashi Datta in Bengaluru and Brenda Goh)

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