Focus Stock of the Day (NTES)
Profit from China's gaming market.
China is the largest gaming market in the world and you can buy one company to take advantage of this continued growth. Video games such as League of Legends is turning into Super Bowl like events with World Championships viewed in person and live streaming. In 2018 the event broke every record in the book for viewership of a gaming event with peak attendance at 200 million worldwide.
The International 2018 (a championship event for the game Dota 2) was watched by 4 million people with about 87% of the viewership from China.
The one company directly profiting from this boom in gaming is the $33 billion Chinese gaming gaint NetEase(NTES). A major hit is there online multiplayer game called Westward Journey Online II. They also own more than 100 titles in mobile gaming which makes up almost 70% of the companies revenue.
Think about profiting for gaming growth with this great Chinese company.
Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. The information provided should NOT be considered advice. The topics discussed are risky and have the potential to lose a substantial amount. I am not an investment professional and therefore do not offer individual financial advice. Please do your own research before investing.
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