NetEase plunges after Blizzard announces suspension of China gaming servicesHong Kong-listed shares of NetEase plunged 13% after Blizzard Entertainment, a sub-unit of Activision Blizzard, said it would suspend its China gaming services, citing expiring license agreements with NetEase.”We’re immensely grateful for the passion our Chinese community has shown throughout the nearly 20 years we’ve been bringing our games to China through NetEase and other partners,” Blizzard said in a statement.The company said the current license expires on Jan. 23.– Jihye LeeMeituan shares drop 6% after Tencent slashes stakeTencent said the tranche of shares is roughly 90.9% of its stake in the company and 15.5% of total shares Meituan has issued as of Oct. 31. Tencent said the stake was worth about 159 billion Hong Kong dollars (roughly $20.32 billion) as of the Tuesday close.Shares of Tencent also fell more than 3% in the first hour of Hong Kong trade. The company posted a drop in quarterly revenue after the close on Wednesday.–Jihye LeeCNBC Pro: Should investors get back into tech? Here’s what the pros say, and how to trade itAustralia unemployment rate slightly falls to 3.4%Australia’s unemployment came in at 3.4% in October, slightly lower than 3.5% a month ago
Read More










