In early May, the U.S. Securities and Exchange Commission (SEC) added NetEase to a growing list of Chinese stocks that could be delisted in three years if they don't fully open their books to U.S. regulators. NetEase launched a secondary initial public offering (IPO) in Hong Kong to address those risks, and U.S. investors could potentially swap their shares for Hong Kong-listed shares if they're ever delisted from the Nasdaq. In China, new video games must be approved by the government and granted licenses before they're released.
(Bloomberg) -- Chinese gaming giant NetEase Inc. plunged the most in nine months after delaying the launch of Diablo Immortal in the world’s biggest mobile app market, putting its sales recovery in question.Most Read from BloombergUS Futures Gain With European Stocks; Dollar Slips: Markets WrapPutin May Win in Ukraine, But the Real War Is Just StartingHousing’s Slowdown Has Economy on the EdgePutin Gets Unexpected Pushback From Ally Over War in UkraineGiant Cruise Ship’s Maiden Voyage May Be to
Internet and gaming giant NetEase delayed the rollout of its video game Diablo Immortal in China three days ahead of its official launch, a move that comes just after the game's official account on Weibo was banned from making new posts. China-based NetEase, which was set to release the game on Thursday, did not provide a new launch date, but said on Sunday it wanted to make changes such as improvements to the game-play experience and conduct "multiple optimization adjustments". NetEase also did not respond to a Reuters' request for comment.