NetEase (NASDAQ:NTES) Stock

NETEASE INC-ADR

NetEase

Founded in the late 1990s as an internet portal, NetEase has transformed into a leading force in the second-largest online game company gaming in China. While its initial success was built upon the massively multiplayer online role-playing game Fantasy Westward Journey, NetEase has expanded its portfolio with captivating franchises that resonate with both domestic and international players. Over the past decade, the company has created titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which maintain significant player bases today. Beyond in-house development, the company also collaborates with likes of Microsoft and Marvel to create and publish games based on renowned IPs, including World of Warcraft, Diablo Immortal, and Marvel Rivals.

NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares

NetEase Inc

Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) shares opened at a record $675 on Tuesday in New York, lifted by a bullish industry forecast from Goldman Sachs that sees the global music market nearly doubling in size <a href="https://www.benzinga.com/analyst-ratings/analyst-color">over the next decade. </a>
In its annual Music in the Air report, published Tuesday and led by analyst Lisa Yang, Goldman revised its compound annual growth rate (CAGR) forecast for the music industry to 6.8% for 2025-2030, down from 7.5% previously. The report also introduced a 2031-2035 forecast of 4.8% CAGR. 
Still, that implies the global music market will expand from $105 billion in 2024 to nearly $197 billion in 2035.
<h3 class="wp-block-heading">Emerging Markets Will Drive Next Leg Of Music Streaming Growth</h3>
Goldman forecasts global paid subscribers will climb from 752 million in 2024 to 1.51 billion by 2035, with 75% of that growth coming from emerging markets—up from 57% today.
Spotify, which captured a 35% share of the global paid music streaming market in 2024 with 263 million subscribers, remains the dominant player along with Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) YouTube and Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>), particularly due to their bundling strategies and localized offerings in growth markets.
Goldman said Spotify gained 30 basis points in market share last year, following a 70 basis point increase in 2023.
<h3 class="wp-block-heading">Monetizing The Fan Experience: Super-Premium Tiers And Concerts</h3>
Goldman highlighted new monetization strategies including price increases, superfan-targeted products, and the growing integration of live events and digital platforms. 
One key innovation: concert ticketing through streaming platforms.
&#8220;As Generation Y and Z fans engage more with their favorite artists, we also see opportunity for live music ticketing to benefit from increased integration with streaming services,&#8221; the report said.
Spotify's upcoming Super Premium tier is expected to include exclusive concert ticket pre-sale access, mimicking models like Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)&#8217;s pre-sale partnership with Beyoncé.
Goldman said these deals could generate over $100 million globally at scale, as streaming platforms leverage listener data to offer high-value fan access while ticketing companies gain new monetization pathways.
<h3 class="wp-block-heading">Product Innovation And Pricing Power Are Key</h3>
Spotify has recently implemented strategic price hikes to support its evolving product model.
In May and July 2024, the company raised prices across several major markets, including the U.S., UK, and Australia. Yet, the increases primarily reflected added audiobook content rather than improved music margins.
Looking ahead, the Financial Times reported in April 2025 that Spotify will raise music-only plan prices by €1 across Europe and Latin America in early June. This would mark nearly two years since its last hike targeting the core music plan.
Goldman said that execution, scale and pricing power will determine future winners in a slower-growth music landscape. 
Among digital streaming platforms, Goldman reiterated Buy ratings on Spotify Technology S.A., Alphabet Inc., Tencent Music Entertainment Group, NetEase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>), Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>), Live Nation Entertainment Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), SM Entertainment Co. Ltd. and JYP Entertainment Corp.
The firm remains Neutral on Warner Music Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>), Hybe Co. Ltd. and Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>).
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Photo: Shutterstock

Analyst Color

GOOG

GOOGL

NTES

SIRI

Sony Group Corporation American Depositary Shares

SONY

SPOT

Spotify Stock Smashes Records: Goldman Sees $200 Billion Music Streaming Market By 2035

Investors with a lot of money to spend have taken a bullish stance on NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NTES, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 11 uncommon options trades for NetEase.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 27%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $411,600, and 5 are calls, for a total amount of $248,722.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $130.0 for NetEase, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for NetEase's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across NetEase's significant trades, within a strike price range of $90.0 to $130.0, over the past month.
<h3>NetEase 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748628128_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NTES</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$12.0</td>
<td>$11.5</td>
<td>$11.8</td>
<td>$130.00</td>
<td>$118.0K</td>
<td>28</td>
<td align="right">128</td>
</tr>
<tr>
<td>NTES</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$11.6</td>
<td>$11.0</td>
<td>$11.3</td>
<td>$110.00</td>
<td>$113.0K</td>
<td>1.2K</td>
<td align="right">100</td>
</tr>
<tr>
<td>NTES</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$11.7</td>
<td>$11.3</td>
<td>$11.5</td>
<td>$130.00</td>
<td>$80.5K</td>
<td>28</td>
<td align="right">248</td>
</tr>
<tr>
<td>NTES</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$11.9</td>
<td>$11.5</td>
<td>$11.7</td>
<td>$130.00</td>
<td>$58.5K</td>
<td>28</td>
<td align="right">178</td>
</tr>
<tr>
<td>NTES</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$11.4</td>
<td>$11.2</td>
<td>$11.3</td>
<td>$130.00</td>
<td>$56.5K</td>
<td>28</td>
<td align="right">298</td>
</tr>
</tbody>
</table>

<h3>About NetEase</h3>
Founded in the late 1990s as an internet portal, NetEase has transformed into a leading force in the second-largest online game company gaming in China. While its initial success was built upon the massively multiplayer online role-playing game Fantasy Westward Journey, NetEase has expanded its portfolio with captivating franchises that resonate with both domestic and international players. Over the past decade, the company has created titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which maintain significant player bases today. Beyond in-house development, the company also collaborates with likes of Microsoft and Marvel to create and publish games based on renowned IPs, including World of Warcraft, Diablo Immortal, and Marvel Rivals.
In light of the recent options history for NetEase, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>NetEase's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 911,582, the NTES's price is down by -2.56%, now at $121.08. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 83 days.</li>
</ul>
<h3>Expert Opinions on NetEase</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $126.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on NetEase, maintaining a target price of $118. 
&#x2A; An analyst from JP Morgan has decided to maintain their Overweight rating on NetEase, which currently sits at a price target of $135. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest NetEase options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Markets

A Closer Look at NetEase's Options Market Dynamics

WIIM

NetEase shares are trading higher after the company's cloud music operation partnered with RBW Partners to expand the presence of K-pop music.

Under this partnership, RBW will&nbsp;provide access to its entire catalog on NetEase Cloud Music, including all group and solo releases from its artists—MAMAMOO's Solar and Moon byul included. Future releases will also be rolled out as exclusives, offering earlier&nbsp;access to Chinese fans.

News

Reported Monday, RBW Partners With NetEase Cloud Music To Expand K-POP Presence Among 200M+ Monthly Chinese Listeners

In the last three months, 4 analysts have published ratings on NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for NetEase, presenting an average target of $118.0, a high estimate of $135.00, and a low estimate of $104.00. This upward trend is evident, with the current average reflecting a 14.84% increase from the previous average price target of $102.75.
<img src="https://www.benzinga.com/files/images/story/2025/1747688449_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of NetEase among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Daniel Chen</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Jiong Shao</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$118.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Jiong Shao</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$104.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Fawne Jiang</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$105.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to NetEase. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of NetEase compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for NetEase's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of NetEase's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/NTES/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on NetEase analyst ratings.</a>
<h2>Discovering NetEase: A Closer Look</h2>
Founded in the late 1990s as an internet portal, NetEase has transformed into a leading force in the second-largest online game company gaming in China. While its initial success was built upon the massively multiplayer online role-playing game Fantasy Westward Journey, NetEase has expanded its portfolio with captivating franchises that resonate with both domestic and international players. Over the past decade, the company has created titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which maintain significant player bases today. Beyond in-house development, the company also collaborates with likes of Microsoft and Marvel to create and publish games based on renowned IPs, including World of Warcraft, Diablo Immortal, and Marvel Rivals.
<h3>NetEase's Financial Performance</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: NetEase's remarkable performance in 3M is evident. As of 31 March, 2025, the company achieved an impressive revenue growth rate of 7.36%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 35.73%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): NetEase's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 7.29%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 5.19%, the company showcases effective utilization of assets.
Debt Management: NetEase's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.07.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

A Glimpse Into The Expert Outlook On NetEase Through 4 Analysts

JP Morgan analyst Daniel Chen maintains NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) with a Overweight and raises the price target from $120 to $135.

Price Target

JP Morgan Maintains Overweight on NetEase, Raises Price Target to $135

Barclays analyst Jiong Shao maintains NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) with a Equal-Weight and raises the price target from $104 to $118.

Barclays Maintains Equal-Weight on NetEase, Raises Price Target to $118

U.S. stocks were lower, with the Nasdaq Composite falling around 100 points on Thursday.
Shares of Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) rose sharply during Wednesday's session following better-than-<a href="https://www.benzinga.com/quote/DE/earnings">expected quarterly results.</a>
Deere posted quarterly earnings of $6.64 per share, beating market estimates of $5.59 per share. The company's quarterly sales came in at $12.76 billion versus expectations of $10.79 billion.
Deere shares jumped 4.9% to $521.76 on Thursday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul class="wp-block-list">
<li>Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) shares gained 82.7% to $23.51 after DICK&#8217;s Sporting Goods agreed to acquire the company. Also, the company issued preliminary Q1 non-GAAP EPS results.</li>
<li>Ibotta, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NYSE">IBTA</a>) jumped 20.8% to $60.57 after the company reported better-than-expected first-quarter financial results and Needham raised its price target on the stock from $60 to $70.</li>
<li>Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) gained 17% to $154.79 after the company issued first-quarter guidance with its midpoint above estimates and announced a $200 million share repurchase program.</li>
<li>DLocal Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLO#NASDAQ">DLO</a>) gained 15.7% to $11.79 after the company reported better-than-expected first-quarter EPS and sales.</li>
<li>NV5 Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVEE#NASDAQ">NVEE</a>) rose 15.4% to $21.76 after the company announced a merger agreement with Acuren.</li>
<li>Gaotu Techedu Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) gained 15.3% to $4.38 after the company reported a year-over-year increase in first-quarter sales results.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) rose 13.7% to $390.00.</li>
<li>VEON Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEON#NASDAQ">VEON</a>) rose 13.3% to $55.46 after the company reported better-than-expected first-quarter EPS and sales.</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) gained 13.1% to $121.13 after the company reported better-than-expected first-quarter earnings and sales.</li>
<li>Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) rose 11.6% to $61.42 following upbeat quarterly results.</li>
<li>STERIS plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STE#NYSE">STE</a>) gained 7.8% to $245.31 following strong quarterly earnings.</li>
<li>Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) jumped 5.7% to $64.81 after the company reported better-than-expected third-quarter financial results and raised its FY25 guidance.</li>
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Earnings

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GSX Techedu Inc. American Depositary Shares

GOTU

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Deere Posts Upbeat Earnings, Joins Foot Locker, Boot Barn, Cisco And Other Big Stocks Moving Higher On Thursday

NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>)&nbsp;reported <a href="https://www.benzinga.com/pressreleases/25/05/n45430035/netease-announces-first-quarter-2025-unaudited-financial-results" target="_blank" rel="noreferrer noopener">fiscal first-quarter</a> results on Thursday. The company&#8217;s quarterly revenue increased 7.4% year-on-year to $3.97 billion (28.8&nbsp;billion Chinese yuan), topping the&nbsp;analyst consensus estimate of $3.87 billion.
The Chinese gaming&nbsp;player&#8217;s&nbsp;adjusted EPADS of $2.41 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate</a> of $2.01.
Segments and margins: Games and related value-added services revenues rose 12.1%&nbsp;to $3.3 billion.&nbsp;The corresponding gross margin decreased by 62 bps to 68.8%, mainly attributable to higher revenue contributions from licensed games, which have comparatively lower gross profit margins.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/02/43860342/netease-q4-earnings-revenue-miss-gaming-and-cost-controls-drive-margins-boosts-dividend" rel="noreferrer noopener">NetEase Q4 Earnings: Revenue Miss, Gaming and Cost Controls Drive Margins, Boosts Dividend</a>
Youdao,&nbsp;Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAO#NYSE">DAO</a>) revenue declined by 6.7%&nbsp;to $178.9 million,&nbsp;and&nbsp;the corresponding gross margin declined by 165 bps to 47.3%, primarily due to a&nbsp;decrease in net revenues from its learning services.
NetEase Cloud&nbsp;Music&#8217;s&nbsp;revenues were $256.1 million, down 8.4%, and its gross margin declined by 123 bps to 36.7%, primarily due to decreased net revenues from its social entertainment services.
Innovative businesses and other revenue declined 17.6%&nbsp;to $223.8 million due to decreased net revenues from Yanxuan, advertising services, and the gross margin increased by 534 bps to 38.8%.
As&nbsp;of March 31, 2025, NetEase held $18.9 billion in cash and equivalents and generated $1.7 billion in operating cash flow.
Dividend:&nbsp;The board of directors approved a dividend of&nbsp;$0.6750&nbsp;per ADS for the first quarter of 2025 versus $1.22025&nbsp;per ADS for the fourth quarter.
Price Action: NetEase stock is up 8.39% at $116.10, and Youdao stock is up 12.0% at $9.72 premarket at the last check on Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45416971/coinbase-becomes-first-pure-play-crypto-stock-in-sp-500-analyst-sees-major-institutional-upside" target="_blank" rel="noreferrer noopener">Coinbase Becomes First Pure-Play Crypto Stock In S&amp;P 500, Analyst Sees Major Institutional Upside</a></li>
</ul>
Image by Sergei Elagin via Shutterstock

Asia

Dividends

Tech

China's NetEase Stock Pops On Q1 Performance Fueled By Gaming Growth, Strong Cash Flow

NetEase shares are trading higher after the company reported better-than-expected Q1 EPS and sales.

Earnings Misses

NetEase Q1 Adj. EPS $2.41 Beats $2.01 Estimate, Sales $3.97B Beats $3.87B Estimate

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Earnings Scheduled For May 15, 2025

Wall Street opened Tuesday with cautious gains after inflation data for April came in cooler than expected, calming investor concerns over <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45374267/inflation-eases-in-april-as-trumps-tariffs-dont-push-prices-higher">tariff-driven price spikes. </a>
April's inflation report showed consumer prices rising 2.3% year over year, slightly below the 2.4% forecast and down from the previous month's reading of 2.4%. On a monthly basis, prices increased 0.2%, rebounding from March's 0.1% decline but missing expectations of a 0.3% gain.
Core inflation, which excludes food and energy, held steady at 2.8% annually—matching both March&#8217;s figure and economists' forecasts. Month over month, core prices rose 0.2%, a modest acceleration from March's 0.1% increase but still softer than the expected 0.3%.
Shelter remained a major contributor to inflation, rising 0.3% in April and accounting for over half of the monthly increase in the overall Consumer Price Index. Meanwhile, several categories posted price declines, including airline fares, used cars and trucks, communication services and apparel.
Despite inflation coming in below forecasts, expectations for interest rate cuts held steady. Traders still see just an 8% chance of a cut in June, rising to 38% for July. Markets continue to price in a total of 60 basis points in rate reductions by year-end, well below the almost 75 basis points priced a week ago.
The Nasdaq 100 led major benchmarks, rising 0.37% and on track to open at its highest level in 10 weeks.
<h3 class="wp-block-heading">Index Moves: Nasdaq Shakes Off Bear Market</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Index</th>
<th>Level</th>
<th>Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>S&amp;P 500</td>
<td>5852.58</td>
<td>+0.14%</td>
</tr>
<tr>
<td>Dow Jones Industrial Average</td>
<td>42268</td>
<td>-0.33%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20945</td>
<td>+0.37%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 9:15 a.m. ET</figcaption></figure>
Since its April low, the tech-heavy benchmark – as tracked by the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) – has rallied 27%, sharply rebounding from last month's bear market triggered by the implementation of Trump's new tariffs on April 2.
Semiconductors remained the strongest segment within tech. The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) added another 0.7% in premarket after an explosive 7.2% surge Monday, buoyed by investor optimism following the U.S.-China trade truce.
<h3 class="wp-block-heading">Top Post-CPI Movers: Financials Lead</h3>
Shares of credit and fintech firms jumped in the 30 minutes following the inflation report:
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>)</td>
<td>+2.42%</td>
</tr>
<tr>
<td>American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>+2.33%</td>
</tr>
<tr>
<td>NetEase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>)</td>
<td>+1.97%</td>
</tr>
<tr>
<td>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</td>
<td>+1.85%</td>
</tr>
<tr>
<td>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)</td>
<td>+1.44%</td>
</tr>
<tr>
<td>Royal Caribbean Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>)</td>
<td>+1.31%</td>
</tr>
<tr>
<td>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>+1.12%</td>
</tr>
<tr>
<td>Lowe's Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>)</td>
<td>+1.09%</td>
</tr>
<tr>
<td>ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>)</td>
<td>+0.96%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500 Premarket Gainers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)</td>
<td>+9.73%</td>
</tr>
<tr>
<td>Live Nation Entertainment Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>)</td>
<td>+3.53%</td>
</tr>
<tr>
<td>Air Products and Chemicals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>)</td>
<td>+3.42%</td>
</tr>
<tr>
<td>Western Digital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td>
<td>+2.92%</td>
</tr>
<tr>
<td>Builders FirstSource Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>)</td>
<td>+2.31%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500 Premarket Losers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>)</td>
<td>-9.78%</td>
</tr>
<tr>
<td>Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)</td>
<td>-5.11%</td>
</tr>
<tr>
<td>Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>)</td>
<td>-4.05%</td>
</tr>
<tr>
<td>Elevance Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>)</td>
<td>-3.78%</td>
</tr>
<tr>
<td>PPG Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>)</td>
<td>-3.51%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45373368/unitedhealth-stock-plunges-names-new-ceo-suspends-2025-guidance">UnitedHealth Names New CEO, Suspends 2025 Guidance, Stock Plunges </a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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COIN

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

ENPH

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KLAC

SHOP

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Wall Street Climbs As Inflation Cools, Nasdaq 100 Hits 10-Week Highs

BAOS

CARG

CDLX

FENG

FUBO

GOGO

GSAT

GXAI

MGNI

PINS

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RDDT

ROKU

SNAP

SPHR

WIMI

Shares of companies within the broader communication services sector are trading higher amid overall market strength after the US and China agreed to a temporary reduction in most tariffs on each other's goods.

Shares of Chinese internet and gaming giant NetEase Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) rose 3.2% to $106.80 Monday morning, following news that the U.S. and China had agreed to a <a href="https://www.benzinga.com/markets/equities/25/05/45341884/apple-amazon-nvidia-rise-in-monday-premarket-as-us-china-agree-to-90-day-tariff-truce-neither-side-wants-a-decoupling">temporary easing</a> of tariffs.
What To Know: The 90-day agreement, reached after high-level trade talks in Switzerland, will see most reciprocal <a href="https://www.benzinga.com/topic/tariffs">tariffs</a> reduced, from punitive rates of up to 125% down to 10%, boosting sentiment around Chinese technology exporters.
NetEase, which generates a significant portion of its revenue from online gaming, cloud services and e-commerce platforms, has been especially vulnerable to tensions affecting data flows, intellectual property scrutiny and cross-border licensing. 
The rollback of non-tariff measures, including restrictions on key U.S. software exports and payment processing sanctions, directly benefits NetEase's global gaming distribution and overseas app monetization.
Additionally, the agreement could potentially accelerate regulatory approvals for its international titles and bolster confidence in its U.S.-based partnerships, such as those in mobile gaming and AI development.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45346035/bitcoin-ethereum-xrp-dogecoin-hold-gains-as-us-china-agree-to-lower-tariffs">Bitcoin, Ethereum, XRP, Dogecoin Hold Gains As US, China Agree To Lower Tariffs</a>
<h2 class="wp-block-heading">How To Buy NTES Stock</h2>
By now you're likely curious about how to participate in the market for NetEase &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of NetEase, which is trading at $106.80 as of publishing time, $100 would buy you 0.94 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, NTES has a 52-week high of $110.66 and a 52-week low of $75.85.

NetEase (NTES) Stock Rallies As Easing Trade Tensions Lift Chinese Tech

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Playtika Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTK#NASDAQ">PLTK</a>)</h3>
<ul>
<li>Dividend Yield: 7.65%</li>
<li>Morgan Stanley analyst Matthew Cost maintained an Equal-Weight rating and cut the price target from $7.25 to $5.75 on April 17, 2025. This analyst has an accuracy rate of 61%.</li>
<li>Citigroup analyst Jason Bazinet maintained a Buy rating and lowered the price target from $10 to $9 on March 7, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: Playtika Holding will release financial results for the first quarter before the opening bell on Thursday, May 8.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429">PLTK news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429"><img loading="lazy" decoding="async" width="912" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071054/image-209.png" alt="" class="wp-image-892557" style="width:550px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071054/image-209.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071054/image-209-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071054/image-209-768x709.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>)</h3>
<ul>
<li>Dividend Yield: 2.46%</li>
<li>Barclays analyst Jiong Shao maintained an Equal-Weight rating and raised the price target from $82 to $104 on Feb. 24, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Benchmark analyst Fawne Jiang maintained a Buy rating and raised the price from $105 to $115 on Feb. 21, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On April 15, NetEase announced filing of annual report on Form 20-F for fiscal year 2024.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest NTES <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429">news </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429"><img loading="lazy" decoding="async" width="903" height="850" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071138/image-210.png" alt="" class="wp-image-892559" style="width:526px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071138/image-210.png 903w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071138/image-210-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071138/image-210-768x723.png 768w" sizes="(max-width: 903px) 100vw, 903px" /></a></figure>
<h3 class="wp-block-heading">AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</h3>
<ul>
<li>Dividend Yield: 4.07%</li>
<li>Barclays analyst Kanan Venkateshwar maintained an Overweight rating and raised the price target from $27 to $30 on April 25, 2025. This analyst has an accuracy rate of 61%.</li>
<li>Morgan Stanley analyst Simon Flannery maintained an Overweight rating and raised the price target from $30 to $31 on April 24, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: On April 23, the telecom giant reported quarterly operating revenues of $30.63 billion, up 2.0% year over year. This beat the analyst consensus estimate of $30.35 billion. Adjusted EPS of $0.51 also beat the analyst consensus estimate of $0.49.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429">latest T news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0429"><img loading="lazy" decoding="async" width="907" height="815" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071212/image-211.png" alt="" class="wp-image-892560" style="width:532px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071212/image-211.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071212/image-211-300x270.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/29071212/image-211-768x690.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/25/04/45060164/general-motors-coca-cola-and-3-stocks-to-watch-heading-into-tuesday">General Motors, Coca-Cola And 3 Stocks To Watch Heading Into Tuesday</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

PLTK

Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telcom Stocks Delivering High-Dividend Yields

Analysts from Goldman Sachs have warned that the U.S. tariffs on Chinese imports could put up to 16 million jobs in China at risk, particularly in the manufacturing sector.
What Happened: The bank stated that persistently high U.S.-China tariffs and a significant drop in Chinese exports could put pressure on labor markets. The jobs under threat are primarily involved in the production of exports to the U.S., with nearly a quarter in the wholesale and retail sectors, <a href="https://www.scmp.com/economy/china-economy/article/3308140/us-tariffs-could-endanger-16-million-export-jobs-china-goldman-sachs">reported</a> the South China Morning Post.
"If high US-China tariffs were to persist and Chinese exports were to fall precipitously, labor markets would surely feel the pressure," stated the report
This year, the U.S. has levied tariffs of 145% on Chinese imports, pushing the effective tariff rate to around 156%. In retaliation, Beijing has imposed a 125% tariff on all U.S. goods, in addition to previous duties.
Goldman Sachs highlighted that communication equipment, apparel, and chemical products are more susceptible due to their significant share in US-bound exports from China. The bank also proposed that Chinese manufacturers could relocate production to third countries to circumvent high duties.
The report also noted that the U.S. removal of tariff exemptions for low-value package shipments is putting &#8217;employment pressure&#8217; on China's retail and wholesale sectors.
SEE ALSO:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/04/45011721/intel-just-announced-q2-guidance-below-estimates-why-the-stock-is-tumbling" target="_blank" rel="noreferrer noopener">Intel Just Announced Q2 Guidance Below Estimates: Why The Stock Is Tumbling</a>
Why It Matters: Earlier this month,&nbsp;<a href="https://www.benzinga.com/government/regulations/25/04/44740040/chinas-growth-outlook-dims-as-trumps-125-tariffs-put-millions-of-jobs-at-risk-goldman-warns">Goldman Sachs warned</a>&nbsp;about a sluggish economic recovery for China and deep labor market consequences. As per the bank, the tariffs could reduce Chinese real GDP by 2.6 percentage points — with a 2.2 percentage point impact hitting as soon as 2025.
The bank also predicted that the possibility of a U.S.-China decoupling could lead to a massive<a href="https://www.benzinga.com/25/04/44787496/goldman-sachs-warns-25-trillion-sell-off-in-the-extreme-event-of-us-china-decoupling-as-scott-bessent-says-everything-is-on-the-table"> $2.5 trillion </a>sell-off. In an extreme scenario, investors from both countries might be forced to divest their holdings of equities and debt instruments. 
Meanwhile, S&amp;P Global Ratings on Friday stated that Trump's tariff increases are expected to primarily affect China's coastal provinces, including Guangdong, Jiangsu, Shandong, and Zhejiang, along with Shanghai, a key port and financial hub.
That being said, a possible easing of trade tensions,&nbsp;China last week,<a href="https://www.benzinga.com/news/global/25/04/45004954/china-reportedly-begins-exempting-key-us-imports-from-tariffs-including-pharma-and-aerospace-parts"> reportedly began </a>exempting&nbsp;some U.S. imports from high tariffs, including pharmaceutical imports and aerospace parts. Companies in China have been approached by officials to identify essential U.S. goods that are difficult to replace. Furthermore, the 24-member Politburo, led by President Xi Jinping, committed to stabilizing China's economy and employment, and called for support measures for those impacted by tariffs following a meeting last week.
The ADR of Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) climbed 0.8% to close at $120.28 on Friday, while that of PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) rose 0.72% to close at $104.01. Meanwhile, the ADR of NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) slid 0.05% to close at $105.86, as per <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">BenzingaPro</a>.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/04/45027945/does-anybody-honestly-believe-manufacturing-is-coming-back-to-the-us-one-person-asked-says-youd-have-to-pay-" target="_blank" rel="noreferrer noopener">&#8216;Does Anybody Honestly Believe Manufacturing Is Coming Back To The US?&#8217; One Person Asked. Says, &#8216;You&#8217;d Have To Pay Americans $40–$50/Hr&#8217;</a></li>
</ul>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Citigourp Global Markets 2% Protected Notes Linked To The Djia

16 Million Jobs At Risk In China As US Tariffs Hammer Manufacturing And Retail Sectors, Goldman Sachs Warns

The possibility of a U.S.-China decoupling could lead to a massive $2.5 trillion sell-off, according to a recent analysis by Goldman Sachs. 
What Happened: The report suggests that in an extreme scenario, investors from both countries might be forced to divest their holdings of equities and debt instruments. If a decoupling takes place, U.S. investors may be forced to offload nearly $800 billion worth of Chinese stocks listed on American exchanges. On the flip side, China could divest its holdings of U.S. Treasuries and equities, which currently total around $1.3 trillion and $370 billion, respectively, as per a report by the <a href="https://www.scmp.com/business/china-business/article/3306443/us-china-decoupling-could-cost-us25-trillion-extreme-goldman-warns">South China Morning Post</a>. 
Amid the risk of U.S.-China decoupling due to the trade war, the possibility of delisting Chinese companies from US stock exchanges is now being explored. This potential move could affect nearly 300 firms, including some of China&#8217;s biggest tech giants, stated Goldman Sachs. 
The sell-off was driven by the assumption that U.S. investors would face restrictions from US regulations on such investments, as per Goldman.
The investment banking firm anticipates a fresh wave of U.S.-listed Chinese companies to relist in Hong Kong. "We believe potential Hong Kong listing for these companies could probably catalyse a re-rating given the flexibility for U.S. investors to convert their ADRs to Hong Kong shares" event of a sudden liquidity crisis, says Goldman Sachs.
James Wang, head of China strategy at UBS Investment Bank Research, noted that the delisting of Chinese companies from the U.S. could have far-reaching consequences, such as diminished access to the deeper U.S. capital markets, potentially lower valuation multiples due to a shrinking investor base, and reduced liquidity.
Why It Matters: The potential decoupling and subsequent delisting of Chinese companies from U.S. exchanges is a growing concern, especially after Treasury Secretary Scott Bessent stated that the delisting of U.S.-listed Chinese companies was once again being considered. During an interview with Fox Business, Bessent stated, "Everything is on the table," when asked about possible actions against Chinese companies. 
According to the U.S.-China Economic and Security Review Commission, as of March 7, a total of 286 mainland Chinese companies were listed on the New York Stock Exchange, NYSE American, and Nasdaq, with a combined market capitalization of $1.1 trillion. 
The Hang Seng Tech Index, which lost over $350 billion in market value since March of that year, is under the shadow of geopolitical tensions and <a href="https://www.benzinga.com/markets/25/04/44761071/are-chinese-tech-stocks-at-a-serious-risk-amid-escalating-trade-war-delisting-is-moving-up-in-the-list-of-retaliatory-options-says-analyst">potential U.S. sanctions</a>. These measures, including restrictions on financial holdings or additional sanctions, represent a &#8220;serious risk,&#8221; as stated by Bush Chu, an investment manager at Aberdeen Investments.
The ADR of Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) climbed 3.4% to close at $107.73 on Friday, while that of PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) rose 2.43% to close at $90.50. Meanwhile, ADR of NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) rose 5.36% to close at $99.35, as per <a href="https://www.benzinga.com/pro/">BenzingaPro</a>. 
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<li>READ MORE: <a href="https://benzinga.com/general/health-care/25/04/44783620/speaker-mike-johnson-says-us-must-eliminate-people-on-medicaid-who-are-not-actually-eligible-" target="_blank" rel="noreferrer noopener">Speaker Mike Johnson Says Government Must &#8216;Eliminate People On Medicaid&#8217; Who Are &#8216;Not Actually Eligible To Be There&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Goldman Sachs Warns $2.5 Trillion Sell-Off In The Extreme Event Of US-China Decoupling As Scott Bessent Says 'Everything Is On The Table'

BIDU

XPEV

Shares of Chinese stocks are trading higher. Chinese stocks may be volatile amid the escalation of US-china trade tensions.

U.S. stock futures were lower this morning, with the Dow futures falling more than 700 points on Monday.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell sharply in today's <a href="https://www.benzinga.com/quote/TSLA">pre-market trading</a>.
Shares of auto-related stocks traded lower as global markets continue to decline following President Trump&#8217;s announcement of sweeping tariffs, which could raise auto prices and affect consumer demand. Additionally, auto part tariffs could raise prices for producers.
Tesla shares dipped 7.1% to $222.45 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>American Rebel Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) shares dipped 30.3% to $13.54 in pre-market trading after jumping 392% on Friday. The company, on Friday, announced up to $11 million private placement priced at-the-market under Nasdaq rules.</li>
<li>CECO Environmental Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) shares fell 29.3% to $14.00 in pre-market trading.</li>
<li>SandRidge Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SD#NYSE">SD</a>) shares tumbled 26.3% to $7.10 in pre-market trading after dipping 9% on Friday.</li>
<li>Stevanato Group S.p.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STVN#NYSE">STVN</a>) dipped 15.8% to $16.01 in pre-market trading.</li>
<li>PLDT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHI#NYSE">PHI</a>) shares declined 14.7% to $18.10 in pre-market trading following a 4% decline on Friday.</li>
<li>First National Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>) slipped 13.8% to $17.11 in pre-market trading.</li>
<li>Smith Douglas Homes Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SDHC#NYSE">SDHC</a>) declined 13% to $17.01 in pre-market trading after gaining 5% on Friday.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) dipped 11% to $30.73 in pre-market trading amid decline in Bitcoin prices.</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) fell 9.7% to $89.27 in pre-market trading.</li>
<li>USCB Financial Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USCB#NASDAQ">USCB</a>) dipped 7.1% to $15.79 in pre-market trading. USCB Financial Holdings will report financial results for the quarter ended March 31, after the market closes on Thursday, April 24.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 6.1% to $88.55 in pre-market trading after dipping over 7% on Friday.</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) fell 3.8% to $181.21 in pre-market trading after dipping over 6% on Friday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44663650/top-3-defensive-stocks-that-are-preparing-to-pump-this-month-2">Top 3 Defensive Stocks That Are Preparing To Pump This Month</a> </li>
</ul>
Photo via Shutterstock

AAPL

AREB

CECO

FXNC

HOOD

NVDA

SDHC

STVN

TSLA

USCB

Tesla, Apple, Nvidia And Other Big Stocks Moving Lower In Monday's Pre-Market Session

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