HK Stock Movement | NetEase-S (09999) Rises Over 3% as "Where Winds Meet" Shines Globally, Mid-to-Long-Term Revenue Potential Expected to Accelerate

Stock News
2025/12/01

NetEase-S (09999) surged more than 3%, reaching HK$221 by the time of writing, with a trading volume of HK$708 million. On November 15, the global release of "Where Winds Meet" (Chinese title: "Yan Yun Shi Liu Sheng") debuted simultaneously on Steam, PlayStation, and Epic. Within 40 minutes, overseas player numbers exceeded 500,000, while Steam recorded a peak concurrent user count of over 140,000 globally.

Huatai Securities noted that the overseas performance of "Where Winds Meet" exceeded market expectations, indicating accelerated mid-to-long-term revenue potential. Orient Securities highlighted the strong performance of the game both domestically and internationally, alongside the gradual resumption of Blizzard game operations. The firm also anticipates growth from the upcoming 2026 release of "Forgotten Sea."

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