Shares of NetEase (NTES.US) rose more than 5% on Friday, trading at $120.97.

The company has announced its decision to switch to a dual-primary listing in Hong Kong starting June 30th. Analysts suggest this move is expected to attract an increasing flow of funds, providing support for the stock's performance.

Furthermore, it is noted that the new game titled 'Sea of Remnants' is anticipated for an official release in July. This launch is viewed as a potential near-term catalyst that could further drive the stock price higher.