NetEase Announces Financing Round for NetEase Cloud Music

(Beijing – October 12, 2018)  - NetEase, Inc. (NASDAQ: NTES) (“NetEase”), one of China’s  leading internet and online game services providers, today  announced that its music streaming platform NetEase Cloud Music has entered  into definitive agreements for a new round of financing with investors,  including Baidu, General Atlantic and Boyu Capital.  Baidu will also strategically partner with  NetEase Cloud Music to further its business.   After the completion of this round, NetEase will remain the controlling  shareholder of NetEase Cloud Music. 
 
The  securities offered in this private placement have not been registered under the  U.S. Securities Act of 1933, as amended, and may not be sold in the United  States absent registration or an applicable exemption from the registration  requirements.  This announcement shall not  constitute an offer to sell or the solicitation of an offer to buy securities,  nor shall there be any sale of these securities in any jurisdiction in which  such offer, solicitation or sale would be unlawful prior to registration or  qualification under the securities laws of any such jurisdiction.
 
About NetEase,  Inc.

NetEase, Inc.  (NASDAQ: NTES) is a leading internet technology company in China dedicated to  providing online services centered around content, community, communication and  commerce. NetEase develops and operates some of China's most popular PC-client  and mobile games, and partners with Blizzard Entertainment, Mojang AB (a  Microsoft subsidiary) and other global game developers to operate some of the  most popular international online games in China. NetEase also operates  Kaola.com and Yanxuan, two e-commerce platforms that cater to the rising  middle-class consumer market in China. In addition, NetEase offers advertising,  e-mail and other services. For more information, please visit:  http://ir.netease.com/.

Forward Looking Statements

This  press release contains statements of a forward-looking nature.  These statements are made under the “safe  harbor” provisions of the U.S. Private Securities Litigation Reform Act of  1995.  You can identify these  forward-looking statements by terminology such as “will,” “expects,”  “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and  similar statements.  The accuracy of  these statements may be impacted by a number of business risks and uncertainties  that could cause actual results to differ materially from those projected or  anticipated, including risks outlined in NetEase’s filings with the Securities  and Exchange Commission.  NetEase does  not undertake any obligation to update this forward-looking information, except  as required under applicable law.

Contact for Media  and Investors:
Margaret Shi
NetEase,  Inc.
ir@service.netease.com
Tel:  (+86) 571-8985-3378

Brandi Piacente
Investor  Relations
brandi@corp.netease.com
Tel:  (+1) 212-481-2050