NetEase Drops as Rival Tencent's New Game Poses Competition

NetEase Drops as Rival Tencent's New Game Poses Competition

(Bloomberg) -- About $7 billion has been wiped off NetEase Inc.’s market capitalization this week as investors worry about competition from rival Tencent Holdings Ltd.’s upcoming party game.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsWall Street’s Furious Bull Run Gets Reality Check: Markets WrapHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a HitIsrael’s Wider War Has US Cautioning of ‘S

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