• Calculating The Intrinsic Value Of Activision Blizzard, Inc. (NASDAQ:ATVI)
    Simply Wall St.

    Calculating The Intrinsic Value Of Activision Blizzard, Inc. (NASDAQ:ATVI)

    Today we will run through one way of estimating the intrinsic value of Activision Blizzard, Inc. (NASDAQ:ATVI) by...

  • Electronic Arts (EA) Dips More Than Broader Markets: What You Should Know
    Zacks

    Electronic Arts (EA) Dips More Than Broader Markets: What You Should Know

    Electronic Arts (EA) closed at $98.70 in the latest trading session, marking a -0.99% move from the prior day.

  • Mobile Game Dominance War Intensifies: ATVI & Others to Watch
    Zacks

    Mobile Game Dominance War Intensifies: ATVI & Others to Watch

    Activision Blizzard's (ATVI) upcoming Call of Duty: Mobile is expected to provide it a competitive edge in the crowded mobile games space.

  • Count on These 3 Video Game Stocks for Superb Gains
    Zacks

    Count on These 3 Video Game Stocks for Superb Gains

    This is an opportune moment to grab video game stocks as new releases this fall could be game changers in boosting revenues.

  • Zynga (ZNGA) Boosts Gaming Lineup with Merge Magic! Launch
    Zacks

    Zynga (ZNGA) Boosts Gaming Lineup with Merge Magic! Launch

    Zynga (ZNGA) is expected to benefit from portfolio strength following the launch of Merge Magic! amid intensifying competition.

  • Top Ranked Momentum Stocks to Buy for September 19th
    Zacks

    Top Ranked Momentum Stocks to Buy for September 19th

    Top Ranked Momentum Stocks to Buy for September 19th

  • Take Two Interactive to Launch NBA 2K20 Global Championship
    Zacks

    Take Two Interactive to Launch NBA 2K20 Global Championship

    Take Two Interactive's (TTWO) upcoming NBA 2K20 Global Championship is expected to boost its competitive prowess in the rapidly growing esports space.

  • Sohu.com Limited (SOHU) Shares March Higher, Can It Continue?
    Zacks

    Sohu.com Limited (SOHU) Shares March Higher, Can It Continue?

    As of late, it has definitely been a great time to be an investor in Sohu.com Limited (SOHU).

  • 5 High-Flying Large Cap Tech Stocks With Fat Dividend Yield
    Zacks

    5 High-Flying Large Cap Tech Stocks With Fat Dividend Yield

    Here we discuss five top-ranked large cap tech stocks for dividend investing.

  • The U.S.-Trained Coder Is Helping NetEase Find a New Life Beyond Games
    Bloomberg

    The U.S.-Trained Coder Is Helping NetEase Find a New Life Beyond Games

    (Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.For decades, NetEase Inc. has been the perennial runner-up to the likes of Tencent Holdings Ltd. in China’s evolving internet landscape. Now it’s betting on a bookish computer scientist to catapult it to the top of the class in the nation’s $36 billion online education market.Zhou Feng, chief executive officer of NetEase Youdao, is charged with helping NetEase escape from under Tencent’s enormous shadow and find life beyond video games. The U.S.-trained software coder handpicked by billionaire founder William Ding Lei is creating an all-in-one learning platform to tap the lucrative space where education and technology overlap. To bankroll that expansion, the company could float Youdao, last valued at $1.1 billion, as soon as this year.Zhou is counting on a decades-old custom. Every summer, millions of Chinese high school students sit through a grueling two-day college entrance exam, or gaokao, that helps determine the course of their lives. That’s why China’s tiger moms and dads have long sent their kids from as early as kindergarten age to private tutoring classes for English, math and sciences.Intense competition has fueled an education boom, particularly targeting the K-12 group that includes students from kindergarten through high school, creating a coterie of multi-billion-dollar corporations. Leading players like New Oriental Education & Technology Group Inc. and TAL Education Group that still rely mainly on in-class teaching have gone public in the U.S. and seen their shares soar. Online startups such as the Tencent-backed VIPKid are still trying to convince parents that digital instruction can be as good, if not better than brick-and-mortar classrooms.Through combining content with the latest technology, Zhou sees a business chance for Youdao, whose name loosely translates to “there’s a way”. Courses can be taught through high-speed live-streaming, enabling smooth communication between teacher and student. Artificial intelligence-powered “tutors” can grade homework and use data to evaluate student test results, he said.“That’s what we have always been good at,” said Zhou, 40, a University of California at Berkeley alumnus with a penchant for blending English words into conversations. “Almost every industry in China has been transformed by the internet, but that’s not yet the case for education.”Revenue for China’s online education market is estimated to have reached around 252 billion yuan ($35.7 billion) in 2018, and is expected to more than double in 2022, with 264 million paying users, according to iResearch.But there’s yet to be a clear winner -- even for top tuition providers like New Oriental, its digital arm Koolearn in 2017 only accounted for less than 1% of the total revenue in the local online teaching market, according to Frost & Sullivan data cited in its prospectus. What sets Youdao apart is its exclusive focus on online and its expansion into education-related hardware. It has launched a slew of products from apps for note-taking and children’s stories to smart devices like a 799 yuan electronic dictionary pen, which allows students to scan printed text and translate it instantaneously.“NetEase’s technology support and the company’s online DNA and roots should make its products more sophisticated than traditional education providers,” said Bloomberg Intelligence analyst Vey-Sern Ling. Still, not having physical classrooms means it could be difficult for Youdao to expand beyond structured, standardized learning or test prep, he said.NetEase could do with a win. Founder and CEO Ding has a master plan for China’s second largest game developer to delve into three sectors including e-commerce, music streaming and online education, but the result is best described as mixed. Its music arm has grappled with rising content costs, as it has to sublicense a large chunk of songs from its much bigger rival, Tencent Music Entertainment Group. Although e-commerce has grown to become NetEase’s largest division after gaming in terms of revenue, it sold its popular import platform Kaola to Alibaba Group Holding Ltd. in a $2 billion deal.That magnifies the importance of Youdao and its leader, with whom Ding shares a long history. Back in 2004, when Zhou was pursuing his doctorate degree in computer science, NetEase’s CEO came across his paper on filtering junk emails, and, ironically, shot him a message that was mistaken as spam. It had no body text but just a subject line: “I’m Ding Lei, I have a technical question for you.”The two eventually got in touch via phone calls, and Zhou worked part-time for NetEase for three years. After earning his doctorate in 2007, he officially joined the company as lead architect for Youdao in Beijing, which at the time was trying to morph from a digital dictionary into a web search engine. To challenge the local leader Baidu Inc., Youdao’s approach was to operate a slew of vertical search services at one time, in everything from news to blogs to maps.Those efforts failed, and in 2012 Zhou decided to close the search operation. “That was when we hit our lowest point,” he said. Zhou shifted the 400-person team to develop learning apps instead.Youdao’s revenue rose 60% in 2018 from a year earlier, while sales for K-12 courses increased three-fold in the same period, he said. Online courses have surpassed advertising as Youdao’s largest income stream, Zhou said.Now of the nearly 2,000 employees Zhou oversees at Youdao, half are teachers and other staffers dedicated to building up its online class portfolio. “Learning is much more difficult than playing video games,” he said.To contact the reporter on this story: Zheping Huang in Hong Kong at zhuang245@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Google Pays Up in France
    Zacks

    Google Pays Up in France

    Google's settlement with French tax authorities amounted to a billion dollars, the highest payout in Europe so far.

  • Take-Two's (TTWO) Borderlands 3 Launch Boosts Gaming Lineup
    Zacks

    Take-Two's (TTWO) Borderlands 3 Launch Boosts Gaming Lineup

    Take-Two (TTWO) is expected to benefit from portfolio strength with the launch of Borderlands 3 despite intensifying competition.

  • Electronic Arts Expands Portfolio With the Release of NHL 20
    Zacks

    Electronic Arts Expands Portfolio With the Release of NHL 20

    Electronic Arts (EA) is expected to benefit from portfolio strength with the release of NHL 20 despite intensifying competition.

  • Glu Mobile (GLUU) Gains As Market Dips: What You Should Know
    Zacks

    Glu Mobile (GLUU) Gains As Market Dips: What You Should Know

    In the latest trading session, Glu Mobile (GLUU) closed at $5.53, marking a +1.28% move from the previous day.

  • Activision Blizzard's Call of Duty: Modern Warfare Now in Beta
    Zacks

    Activision Blizzard's Call of Duty: Modern Warfare Now in Beta

    Beta of Activision Blizzard's (ATVI) upcoming Call of Duty: Modern Warfare game is now available exclusively for PlayStation 4 users.

  • Uber (UBER) Lays Off 435 Employees to Improve Efficiency
    Zacks

    Uber (UBER) Lays Off 435 Employees to Improve Efficiency

    After layoffs in July, Uber (UBER) trims workforce again to drive its bottom line.

  • Apple Prices Arcade Aggressively: Should Gaming Players Worry?
    Zacks

    Apple Prices Arcade Aggressively: Should Gaming Players Worry?

    Apple's (AAPL) subscription-based gaming platform, Apple Arcade, holds the potential to disrupt the video game space.

  • China Video App Seeks Funds at $25 Billion Value Before IPO
    Bloomberg

    China Video App Seeks Funds at $25 Billion Value Before IPO

    (Bloomberg) -- Chinese startup Kuaishou is considering a U.S. initial public offering to bankroll its expansion in short videos and fend off competition from TikTok-owner ByteDance Inc., according to people familiar with the matter.The company, backed by Tencent Holdings Ltd., plans to list next year, the people said, requesting not to be named because the matter is private. One person said Kuaishou also weighed the option of going public this year. The video startup is raising more than $1 billion at a $25 billion valuation in a pre-IPO round mostly from Tencent, one of the people said.Kuaishou is an important part of Chinese social media giant Tencent’s strategy to compete against ByteDance, now the world’s most valuable startup. Tencent has devoted a lot of resources toward building a library of short and mini video offerings -- key to retaining user attention and boosting advertising revenue -- but has yet to catch its rival.“Tencent’s biggest enemy is ByteDance right now,” said David Dai, a Hong Kong-based analyst at Bernstein. “Tencent hasn’t been very successful in short videos in the past, so resorting to investing in other companies instead is its best option.”U.S.-listed shares of some of Kuaishou’s competitors fell. Momo Inc. fell 2.8%, the most in more than a week, while DouYu International Holdings Ltd. fell 1.9%, the most in about a month. Both under-performed the Nasdaq, which rose 0.3%.Read more: Tencent Tumbles After China’s Slowdown, ByteDance Hit Ad SalesTencent President Martin Lau said during an August earnings call that short and mini videos would be a key vertical for expansion.Kuaishou or “fast hand” first established its popularity among users in China’s smaller cities and rural areas, with people streaming slices of everyday life from harvesting corn to slurping noodles. It’s also been luring users in bigger cities and expanding its content to include everything from people playing video games to teenagers lip-syncing songs.Kuaishou was seeking funds in January last year at a valuation of $17 billion. The eight-year-old company, which was valued at $3 billion in January 2015 by CB Insights, also counts Sequoia and Morningside Group Holdings as backers. It had 110 million daily active users as of December 2017, according to its website. Annie He, a spokeswoman for Kuaishou didn’t respond to requests for comment. Tencent declined to comment in an emailed statement.“Kuaishou is the only one that can still counter ByteDance now,” Dai said.(Updates with shares from the fifth paragraph and adds chart.)To contact the reporters on this story: Crystal Tse in Hong Kong at ctse44@bloomberg.net;Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, ;Fion Li at fli59@bloomberg.net, Colum Murphy, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Glu Mobile (GLUU) Catches Eye: Stock Jumps 9.2%
    Zacks

    Glu Mobile (GLUU) Catches Eye: Stock Jumps 9.2%

    Glu Mobile (GLUU) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.

  • Disney Rumored to Offload FoxNext Ahead of Disney+ Launch
    Zacks

    Disney Rumored to Offload FoxNext Ahead of Disney+ Launch

    Disney (DIS) is planning to divest FoxNext as it is reluctant to re-enter the highly competitive mobile gaming market ahead of the Disney+ launch.

  • Investing.com

    Stocks - Wall Street Rises as Trump Delays China Tariffs; ECB Cuts Rates

    Investing.com - Wall Street rose on Thursday after U.S. President Donald Trump delayed an expected tariff hike on Chinese imports, while the European Central Bank cut interest rates and re-introduced its purchasing buyback program in a bid to boost economic growth in the eurozone.

  • Investing.com

    Stocks - Hertz, Activision Blizzard Rise Permarket; Oracle Falls

    Investing.com - Stocks in focus in premarket trading on Thursday:

  • NetEase, Autodesk and Amazon highlighted as Zacks Bull and Bear of the Day
    Zacks

    NetEase, Autodesk and Amazon highlighted as Zacks Bull and Bear of the Day

    NetEase, Autodesk and Amazon highlighted as Zacks Bull and Bear of the Day

  • Bull of the Day: NetEase (NTES)
    Zacks

    Bull of the Day: NetEase (NTES)

    Bull of the Day: NetEase (NTES)