Company Directory - NetEase, Inc.
Company Details - NetEase, Inc.
NetEase, Inc.
WebsiteHangzhou, China
NetEase, Inc. is a technology company that provides online services centered on content. They operate a range of services including gaming, e-commerce, advertising, and email services. The company is known for its popular online games and is a major player in the Chinese internet market.
CCI Score
CCI Score: NetEase, Inc.
-16.36
0.01%
Latest Event
NetEase Money Laundering Scandal
NetEase fired nine employees and two executives were arrested amid an internal investigation over alleged money laundering and bribery involving up to $139 million through contracts with multiple business partners.
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ENABLER
NetEase, Inc. is currently rated as an Enabler.
Latest Events
- NOV112024
NetEase fired nine employees and two executives were arrested amid an internal investigation over alleged money laundering and bribery involving up to $139 million through contracts with multiple business partners.
-40
Business Practices and Ethical Responsibility
April 7
The incident involving internal money laundering and bribery allegations—resulting in the firing of employees and arrest of executives—demonstrates significant lapses in ethical business practices and internal controls. Such corruption undermines corporate accountability and ethical responsibility, reflecting negatively on the company’s governance.
- NOV102024
NetEase Games, the online subsidiary of NetEase Inc., dismissed nine employees, including two key executives, amid an anti-corruption investigation alleging bribery, money laundering, and fraud involving a major contract. The company also updated its internal compliance policies by introducing enhanced promotional materials on employee computer screens, reinforcing its commitment to ethical business practices.
+70
Business Practices and Ethical Responsibility
April 7
The dismissal of employees implicated in bribery and money laundering, along with the update of internal compliance systems, demonstrates a positive step toward transparency and accountability. By taking decisive actions against corrupt practices, NetEase Games is working to restore ethical standards and promote responsible business practices that help safeguard worker rights and democratic processes.
Corruption charges rock NetEase Games: Key figures fired and investigation launched
- NOV082024
Two senior NetEase executives and seven employees were detained by police amid allegations of bribery, as part of an internal corruption investigation within the company.
-50
Business Practices and Ethical Responsibility
April 7
The detention of top executives and employees on bribery allegations highlights unethical business practices and potential corruption. This undermines corporate accountability and ethical responsibility, reflecting negatively on the company’s business practices.
- NOV082024
NetEase issued an internal notice on November 8, 2024, announcing that several former senior staff members have been charged with corruption and fraud. The company, which operates a prominent esports division and gaming distribution center, confirmed that an anti-corruption investigation is underway and that 27 companies linked to alleged fraud have been blacklisted. This internal measure is part of NetEase's ongoing effort to uphold ethical practices and accountability within its organization.
+40
Business Practices and Ethical Responsibility
April 7
The company’s prompt internal response to corruption allegations—by initiating an anti-corruption investigation and blacklisting associated companies—demonstrates a commitment to ethical business practices and accountability. This move, aimed at cleaning up internal misconduct, is a positive step towards maintaining ethical responsibility and can be seen as indirectly countering systems of opaque governance that could otherwise shelter authoritarian practices.
NetEase's Ex-Staff Charged Amid Corruption Probe, Internal Notice Reveals
- JUL012024
An archived snapshot from ProPublica's Represent database indicates that Navigators Global LLC is lobbying on behalf of NetEase Information Technology Corporation. This event highlights NetEase's foray into U.S. political lobbying, raising concerns about the influence of corporate money on democratic processes.
-60
Political Contributions and Lobbying Efforts
April 7
NetEase's engagement of a lobbying firm to represent its interests in political processes presents a risk by potentially shaping policy in a way that favors corporate interests over transparent, democratic governance. This form of indirect political influence is concerning from an anti-fascist perspective, given its potential to undermine accountability in political decision‐making.
- DEC312023
NetEase, Inc. spent $180,000 on lobbying activities during 2023, as reported by OpenSecrets. This event highlights the company’s involvement in political influence through corporate lobbying.
-40
Political Contributions and Lobbying Efforts
April 7
NetEase’s expenditure of $180,000 on lobbying in 2023 is indicative of an effort to influence political processes. From an anti‑fascist perspective, such lobbying activities may contribute to undermining democratic accountability by prioritizing corporate interests over public welfare, thus earning a negative score.
Netease Information Technology Lobbying Profile • OpenSecrets
- DEC312023
NetEase Information Technology spent $180,000 on lobbying in 2023, as reported by OpenSecrets. This activity raises concerns over corporate political influence and its potential to sway policymaking in ways that may undercut democratic accountability.
-50
Political Contributions and Lobbying Efforts
April 7
The report of $180,000 spent on lobbying in 2023 signals a deliberate effort by NetEase to influence political outcomes. From an anti-fascist perspective, such engagement can be seen as reinforcing corporate control over policy decisions, potentially aligning with authoritarian practices by prioritizing private interests over democratic accountability.
- OCT112020
NetEase was fined by the Beijing Internet Information Office and forced to suspend its news platform comments for a week after allowing user comments deemed 'inappropriate' under state regulations. The company later apologised and promised an investigation into its moderation practices.
-20
Public and Political Behavior
April 7
NetEase’s handling of user-generated content has drawn state intervention, reflecting a reactive stance that aligns with authoritarian censorship demands. By failing to preemptively moderate content, the company inadvertently placed itself in a position where it had to capitulate to state mandates, thereby reducing open public discourse.
Censorship in China: NetEase fined for carrying ‘inappropriate’ comments on news platforms
-30
Media Influence and Propaganda
April 7
The incident underscores how NetEase’s platform moderation practices, by failing to filter content that ultimately triggered state censorship measures, contribute to an environment where public dialogue is suppressed. The forced suspension of the comments section curtails free expression, aligning the company, albeit reactively, with authoritarian measures.
Censorship in China: NetEase fined for carrying ‘inappropriate’ comments on news platforms
Alternatives
Beijing, China
-28.80
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-27.29
Corporation
20.31
Shanghai, China
-19.45
Rockville, United States
42.44
Toronto, Canada
29.22
Copenhagen, Denmark
21.92
San Francisco, United States
8.36
Los Angeles, United States
3.71
San Mateo, United States
-7.30
Corporate Financials
- Revenue
- 2024
- $13.00B
- Total Assets
- 2024
- $26.50B
- Operating Income
- 2024
- $1.57B
- Total Equity
- 2024
- $13.00B
Employees: 12,000
Industries
- 518210
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
- 541511
- Custom Computer Programming Services
- 713120
- Amusement Arcades
- 511210
- Software Publishers
- 511199
- All Other Publishers