NetEase (NTES), a leading internet technology company in China, has been highlighted in Zacks’ China Technology investment screen due to its robust performance. The firm reported a 7% year-over-year revenue growth in its latest quarterly results, driven largely by its popular game, Marvel Rivals, which topped Steam’s global sales charts following its Season 2 update in April.
This focus on technology companies comes amid escalating Sino-U.S. trade tensions, as China strives for self-sufficiency in critical tech industries. Washington has implemented increased restrictions on high-tech exports to China, further boosting investment in domestic firms like NetEase.
Currently, NetEase holds a Zacks Rank of #1 (Strong Buy), reflecting optimistic analyst expectations on its earnings per share (EPS) outlook.
