China's NetEase Boosts Its Bottom Line Three-Fold on Strong E-Commerce, Gaming
Zhang Yushuo
/SOURCE : yicai

(Yicai Global) May 16 -- Chinese software giant NetEase has tripled its net income after tax to CNY2.5 billion (USD367 million) in the first quarter of this year on rising gaming services and e-commerce revenues.

NetEase boosted its operating income stemming from online retail 28 percent to CNY4.8 billion, the Beijing-based firm's earnings show. Its gaming services revenue climbed 35 percent to CNY1.2 billion. 

The company posted a 30 percent increase in its total revenue to CNY18.4 billion (USD2.7 billion).

Editor: Emmi Laine 

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Keywords: NetEase , Video Game , E-commerce