Netease Online Gaming Revenues Hit 700M Yuan (about $85 million) In 2004
From Pacific Epoch:
"Netease (Nasdaq: NTES) director William Ding recently told press at a communications industry conference in Guangdong that Netease's online gaming revenues reached 700 million Yuan (China Net Investor: about $85 million) in 2004, Economic Information Daily reports. The number of Netease online gamers increased by five million in 2004. According to Ding, Netease has nearly 20 percent of China's online game market and Netease gamers account for 12.6 percent of China's 42 million broadband users."