Stock Track | NetEase Soars 5.10% in Intraday Trading on AI Songwriting Launch and Gaming Success

Stock Track
Dec 01

NetEase (NTES) surged 5.10% during intraday trading on Monday, reflecting strong investor confidence driven by recent developments in its AI and gaming divisions.

The company's subsidiary, NetEase Music, has launched beta testing for an "AI Songwriting" feature, which simplifies music creation using artificial intelligence. This innovation aligns with the rapidly growing generative AI music market, projected to reach $4.3 billion by 2029, signaling significant future potential for NetEase's music platform.

Additionally, NetEase's game "Where Winds Meet" has exceeded expectations globally, with over 500,000 overseas players within 40 minutes of its release. Analysts highlight this as a key revenue driver, further bolstering the company's mid-to-long-term growth prospects.

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