BEIJING, Oct. 3, 2016 /PRNewswire/ -- NetEase, Inc.
(NASDAQ: NTES) ("NetEase" or the "Company"), one of China's leading internet and online game
services providers, today announced that NetEase Media, Inc.
("NetEase Media"), a Cayman
Islands company which is currently wholly owned by the
Company and operates the Company's internet media business,
submitted a draft registration statement on Form F-1 on a
confidential basis to the U.S. Securities and Exchange Commission
("SEC") for a possible initial public offering (the "Proposed
IPO").
The number of shares proposed to be offered and sold and the
dollar amount proposed to be raised in the Proposed IPO have not
yet been determined. The Proposed IPO is expected to commence after
the SEC completes its review process, subject to market and other
conditions. However, there can be no assurances as to the timing or
completion of the Proposed IPO.
This press release is being made pursuant to and in accordance
with Rule 135 under the U.S. Securities Act of 1933, as amended,
and does not constitute an offer to sell or the solicitation of an
offer to buy securities, and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of that jurisdiction.
About NetEase, Inc.
NetEase, Inc. (NASDAQ: NTES) is a leading internet
technology company in China.
Dedicated to providing online services centered around content,
community, communication and commerce, NetEase develops and
operates some of China's most
popular PC-client and mobile games, advertising services, e-mail
services and e-commerce platforms. In partnership with Blizzard
Entertainment, Mojang AB (a Microsoft subsidiary) and other global
game developers, NetEase also operates some of the most popular
international online games in China. For more information, please
visit: http://ir.netease.com/.
Forward Looking Statements
This press release contains statements of a forward-looking
nature. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. You can identify these forward-looking statements by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar
statements. The accuracy of these statements may be impacted
by a number of business risks and uncertainties that could cause
actual results to differ materially from those projected or
anticipated, including risks and uncertainties such as, among other
things, the possibility that the Proposed IPO will not be completed
within a particular time frame or at a particular offering amount,
or at all, including as a result of regulatory, market or other
factors. NetEase does not undertake any obligation to update
this forward-looking information, except as required under
applicable law.
Contact for Media and Investors:
Juliet Yang
NetEase, Inc.
hzyangyy@corp.netease.com
Tel: (+86) 571-8985-3378
Brandi Piacente
Investor Relations
brandi@corp.netease.com
Tel: (+1) 212-481-2050
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/netease-announces-confidential-submission-of-draft-registration-statement-by-netease-media-300337729.html
SOURCE NetEase, Inc.