Shares of NetEase (NASDAQ: NTES) popped 20.1% last month, according to data provided by S&P Global Market Intelligence, as the Chinese internet technology company’s strong fourth-quarter earnings report was applauded by investors.
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Revenue surged 53% year over year, to 12.099 billion Chinese renminbi (RMB), or roughly $1.74 billion. The gains were broad-based, with NetEase enjoying solid sales increases across its product lines.