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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 1 )*


                                NETEASE.COM INC.
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                                (Name of Issuer)


                    Common Stock, Par Value $0.0001 Per Share
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                         (Title of Class of Securities)


                                  64110W102000
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                                 (CUSIP Number)


                                  May 30, 2002
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             (Date of Event Which Requires Filing of this Statement)


Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).


<PAGE>

CUSIP No. 64110W102000
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1.   Names of Reporting Persons.
     I.R.S. Identification Nos. of above persons (entities only).

     Yongping Duan and Xin Liu
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2.   Check the Appropriate Box if a Member of a Group (See Instructions)

     (a)  [ ]
     (b)  [ ]
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3.   SEC Use Only

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4.   Citizenship or Place of Organization

     CHINA
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Number of           5.   Sole Voting Power                      2,050,000 Shares
Shares Bene-        ------------------------------------------------------------
ficially owned      6.   Shared Voting Power                      N/A
by Each             ------------------------------------------------------------
Reporting           7.   Sole Dispositive Power                 2,050,000 Shares
Person With:        ------------------------------------------------------------
                    8.   Shared Dispositive Power                 N/A
--------------------------------------------------------------------------------
9.   Aggregate Amount Beneficially Owned by Each Reporting Person

     2,050,000 Shares
--------------------------------------------------------------------------------
10.  Check if the  Aggregate  Amount in Row (9)  Excludes  Certain  Shares  (See
     Instructions)

     2,050,000 Shares
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11.  Percent of Class Represented by Amount in Row (9)

     6.80% 
--------------------------------------------------------------------------------
12.  Type of Reporting Person (See Instructions)

     IN
--------------------------------------------------------------------------------


<PAGE>

INSTRUCTIONS FOR SCHEDULE 13G

Instructions for Cover Page

(l)  This Statement is filed by Yongping Duan (the "Reporting Person")

(2)  If any of the shares beneficially owned by a reporting person are held as a
member of a group and that  membership is expressly  affirmed,  please check row
2(a). If the  reporting  person  disclaims  membership in a group or describes a
relationship  with other  persons but does not affirm the  existence of a group,
please check row 2(b) [unless it is a joint filing  pursuant to Rule  13d1(k)(1)
in which case it may not be necessary to check row 2(b)].

(3)  The third row is for SEC internal use; please leave blank.

(4)  Citizenship  or Place of  Organization--Furnish  citizenship  if the  named
reporting person is a natural person. Otherwise, furnish place of organization.

(5)-(9), (11) Aggregate  Amount  Beneficially  Owned By Each  Reporting  Person,
Etc.--Rows (5) through (9) inclusive, and (11) are to be completed in accordance
with the provisions of Item 4 of Schedule 13G. All percentages are to be rounded
off to the nearest tenth (one place after decimal point).

(10) Check if the aggregate  amount  reported as  beneficially  owned in row (9)
does not include shares as to which beneficial  ownership is disclaimed pursuant
to Rule 13d-4 (17 CFR 240.13d-4] under the Securities Exchange Act of 1934.

(12) Type of Reporting Person--Please classify each "reporting person" according
to  the  following  breakdown  (see  Item  3 of  Schedule  13G)  and  place  the
appropriate symbol on the form:

Category Symbol

Broker Dealer                      BD
Bank                               BK
Insurance Company                  IC
Investment Company                 IV
Investment Adviser                 IA
Employee Benefit Plan, Pension 
  Fund, or Endowment Fund          EP
Parent Holding Company/
  Control Person                   HC
Savings Association                SA
Church Plan                        CP
Corporation                        CO
Partnership                        PN
Individual                         IN
Other                              OO

Notes: Attach as many copies of the second part of the cover page as are needed,
one reporting person per page.

Filing persons may, in order to avoid unnecessary  duplication,  answer items on
the schedules  (Schedule 13D, 13G or 14D1) by appropriate cross references to an
item or items on the cover  page(s).  This  approach  may only be used where the
cover page item or items  provide all the  disclosure  required by the  schedule
item. Moreover, such a use of a cover page item will result in the item becoming
a part of the schedule and accordingly  being considered as "filed" for purposes
of  Section  18 of the  Securities  Exchange  Act or  otherwise  subject  to the
liabilities of that section of the Act.

Reporting persons may comply with their cover page filing requirements by filing
either  completed  copies  of the blank  forms  available  from the  Commission,
printed or typed  facsimiles,  or  computer  printed  facsimiles,  provided  the
documents  filed  have  identical   formats  to  the  forms  prescribed  in  the
Commission's  regulations and meet existing  Securities Exchange Act rules as to
such matters as clarity and size (Securities Exchange Act Rule 12b-12).


<PAGE>

SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G

Under Sections 13(d),  13(g), and 23 of the Securities  Exchange Act of 1934 and
the rules and  regulations  thereunder,  the Commission is authorized to solicit
the  information  required to be supplied by this  schedule by certain  security
holders of certain issuers.

Disclosure of the  information  specified in this schedule is mandatory,  except
for  I.R.S.  identification  numbers,  disclosure  of  which is  voluntary.  The
information  will be used for the primary  purpose of determining and disclosing
the holdings of certain  beneficial  owners of certain equity  securities.  This
statement will be made a matter of public  record.  Therefore,  any  information
given will be available for inspection by any member of the public.

Because of the public nature of the information, the Commission can use it for a
variety of purposes,  including  referral to other  governmental  authorities or
securities  self-regulatory  organizations  for  investigatory  purposes  or  in
connection with litigation involving the Federal securities laws or other civil,
criminal or regulatory statutes or provisions. I.R.S. identification numbers, if
furnished,  will assist the  Commission  in  identifying  security  holders and,
therefore,   in  promptly  processing  statements  of  beneficial  ownership  of
securities.

Failure to disclose  the  information  requested  by this  schedule,  except for
I.R.S.  identification  numbers,  may result in civil or criminal action against
the persons  involved  for  violation of the Federal  securities  laws and rules
promulgated thereunder.

GENERAL INSTRUCTIONS
A.  Statements  filed  pursuant  to Rule  13d-1(b)  containing  the  information
required by this  schedule  shall be filed not later than  February 14 following
the calendar year covered by the statement or within the time specified in Rules
13d-1(b)(2)  and 13d2(c).  Statements  filed  pursuant to Rule 13d-1(c) shall be
filed  within the time  specified  in Rules  13d-1(c),  13d-2(b)  and  13d-2(d).
Statements  filed  pursuant  to Rule  13d-1(d)  shall be filed  not  later  than
February 14 following  the calendar  year covered by the  statement  pursuant to
Rules  13d-1(d)  and  13d-2(b).  

B. Information  contained in a form which is required to be filed by rules under
section 13(f) (15 U.S.C. 78m(f)) for the same calendar year as that covered by a
statement on this schedule may be  incorporated  by reference in response to any
of the items of this schedule.  If such information is incorporated by reference
in this schedule, copies of the relevant pages of such form shall be filed as an
exhibit to this schedule.

C. The item  numbers and captions of the items shall be included but the text of
the items is to be omitted.  The answers to the items shall be so prepared as to
indicate clearly the coverage of the items without  referring to the text of the
items.  Answer every item.  If an item is  inapplicable  or the answer is in the
negative, so state.


<PAGE>
 
Item 1.

(a)  Name of Issuer
     Netease.com Inc.

(b)  Address of Issuer's Principal Executive Offices
     15th Floor North Tower
     Beijing Kerry Centre
     No 1 Guang Hua Road
     Chaoying, Beijing, China

Item 2.

(a)  Name of Person Filing
     Yongping Duan and Xin Liu

(b)  Address of Principal Business Office or, if none, Residence
     1706 Rada Road
     City of Industry, CA  91745

(c)  Citizenship
     CHINA

(d)  Title of Class of Securities
     Common Stock, Par Value $0.0001 Per Share

(e)  CUSIP Number
     64110W102000

Item 3.   If this statement is filed pursuant to ss.240.13d-1(b) or 240.13d-2(b)
          or (c), check whether the person filing is a:

(a)  [ ]  Broker or dealer  registered  under  section  15 of the Act (15 U.S.C.
          78o).
(b)  [ ]  Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)  [ ]  Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C.
          78c).
(d)  [ ]  Investment  company  registered  under  section  8 of  the  Investment
          Company Act of 1940 (15 U.S.C 80a-8).
(e)  [ ]  An investment adviser in accordance with s.240.13d-1(b)(1)(ii)(E);
(f)  [ ]  An  employee  benefit  plan  or  endowment  fund  in  accordance  with
          s.240.13d-1(b)(1)(ii)(F);
(g)  [ ]  A  parent  holding  company  or  control  person  in  accordance  with
          s.240.13d-1(b)(1)(ii)(G);
(h)  [ ]  A savings  associations  as  defined in  Section  3(b) of the  Federal
          Deposit Insurance Act (12 U.S.C. 1813);
(i)  [ ]  A church plan that is excluded  from the  definition  of an investment
          company under section  3(c)(14) of the Investment  Company Act of 1940
          (15 U.S.C. 80a-3);
(j)  [ ]  Group, in accordance with s.240.13d-1(b)(1)(ii)(J).


<PAGE>
 
Item 4.   Ownership.

Provide the following  information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.

(a)  Amount beneficially owned: 2,050,000 Shares

(b)  Percent of class: 6.80%.

(c)  Number of shares as to which the person has:

     (i)   Sole power to vote or to direct the vote 2,050,000 Shares
 
     (ii)  Shared power to vote or to direct the vote N/A

     (iii) Sole power to dispose or to direct the disposition of 
           2,050,000 Shares

     (iv)  Shared power to dispose or to direct the disposition of N/A

Instruction.  For computations  regarding  securities which represent a right to
acquire an underlying security see s.240.13d3(d)(1).

Item 5.   Ownership of Five Percent or Less of a Class

If this  statement  is being filed to report the fact that as of the date hereof
the  reporting  person has ceased to be the  beneficial  owner of more than five
percent of the class of securities, check the following [ ].

Instruction: Dissolution of a group requires a response to this item.
 
Item 6.   Ownership of More than Five Percent on Behalf of Another Person.

If any other person is known to have the right to receive or the power to direct
the  receipt  of  dividends  from,  or the  proceeds  from  the  sale  of,  such
securities,  a statement  to that effect  should be included in response to this
item and, if such interest relates to more than five percent of the class,  such
person  should be  identified.  A listing of the  shareholders  of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.
 
Item 7.   Identification and Classification of the Subsidiary Which Acquired the
          Security Being  Reported on By the Parent  Holding  Company or Control
          Person.

If a parent holding company or Control person has filed this schedule,  pursuant
to Rule  13d-1(b)(1)(ii)(G),  so indicate  under Item 3(g) and attach an exhibit
stating the identity and the Item 3 classification  of the relevant  subsidiary.
If a parent holding  company or control person has filed this schedule  pursuant
to Rule 13d-1(c) or Rule 13d-1(d),  attach an exhibit stating the identification
of the relevant subsidiary.


<PAGE>

Item 8.   Identification and Classification of Members of the Group

If a group has filed this  schedule  pursuant  to  s.240.13d-1(b)(1)(ii)(J),  so
indicate  under Item 3(j) and attach an exhibit  stating the identity and Item 3
classification  of each member of the group.  If a group has filed this schedule
pursuant to  s.240.13d-1(c)  or  s.240.13d-1(d),  attach an exhibit  stating the
identity of each member of the group.

Item 9.   Notice of Dissolution of Group

Notice of dissolution of a group may be furnished as an exhibit stating the date
of the  dissolution and that all further filings with respect to transactions in
the security reported on will be filed, if required, by members of the group, in
their individual capacity. See Item 5.

Item 10.  Certification

(a)  The  following  certification  shall be included if the  statement is filed
     pursuant to s.240.13d-1(b):

By signing below I certify  that,  to the best of my knowledge  and belief,  the
securities  referred to above were acquired and are held in the ordinary  course
of business  and were not  acquired  and are not held for the purpose of or with
the  effect  of  changing  or  influencing  the  control  of the  issuer  of the
securities  and were not  acquired and are not held in  connection  with or as a
participant in any transaction having that purpose or effect.

(b)  The  following  certification  shall be included if the  statement is filed
     pursuant to s.240.13d-1(c):

By signing below I certify  that,  to the best of my knowledge  and belief,  the
securities  referred to above were not acquired and are not held for the purpose
of or with the effect of  changing or  influencing  the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.

SIGNATURE

After  reasonable  inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

12-04-02
--------------------------------
Date

/s/ Yongping Duan
--------------------------------
Signature

Yongping Duan
--------------------------------
Name/Title

The  original  statement  shall be signed by each  person  on whose  behalf  the
statement is filed or his authorized representative.  If the statement is signed
on behalf of a person by his authorized  representative  other than an executive
officer  or   general   partner  of  the   filing   person,   evidence   of  the
representative's  authority to sign on behalf of such person shall be filed with
the  statement,  provided,  however,  that a power of attorney  for this purpose
which is already on file with the Commission may be  incorporated  by reference.
The name and any title of each person who signs the statement  shall be typed or
printed beneath his signature.

NOTE:  Schedules  filed in paper format shall include a signed original and five
copies of the  schedule,  including  all  exhibits.  See  s.240.13d-7  for other
parties for whom copies are to be sent.

Attention:  Intentional  misstatements  or omissions of fact constitute  Federal
criminal violations (See 18 U.S.C. 1001)