NetEase

Background

NetEase was founded in 1997 by William Ding (Ding Lei). Listed on Nasdaq as NTES, the company is best known for the Fantasy Westward Journey and Onmyoji game franchises and for distributing Blizzard titles in mainland China through a long-running partnership. Cloud Music (NCM, separately listed in Hong Kong) and Youdao (NYSE: DAO) are listed affiliates. The 13F captures the U.S.-listed portion of the parent's treasury / strategic investment portfolio, not the games or operating subsidiaries themselves.

Key People

• William Ding (Ding Lei) Founder, Chairman & CEO

  Founder and majority owner since inception; one of China's earliest internet entrepreneurs.

Track Record / Style

Read this 13F as a corporate-treasury / strategic-investment book, not an active fund. The book typically tilts toward U.S.-listed Chinese ADRs and global tech / consumer names, sized for capital preservation more than alpha. Useful as a barometer of how a major Chinese internet operator views U.S.-listed China equity exposure quarter to quarter.