|Day's Range||2.2000 - 2.2500|
The consensus price target hints at a 33.5% upside potential for NetEase (NTES). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
HONG KONG -China's online gaming regulator on Monday granted licences to 27 foreign games in March, including titles to be published by Tencent Holdings, NetEase Inc and Bilibili Inc. Among the imported online games approved by the National Press and Publication Administration is at least one by Tencent, a game called Merge Mansion, according to a list the regulator released on Monday. NetEase secured approval for at least one mobile game named Audition: Everybody Party, while Bilibili received a licence for a game called Shanyao!
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