Netease at today's Annual Game Enthusiasts' Day announced the launch of 12 new game titles in 2017, which includes eight mobile games, Jefferies analyst Karen Chan tells investors in a research note. The company will launch Onmyoji in Japan in spring 2017 followed by U.S. and European markets, while further enhancing its intellectual property monetization through its "pan-entertainment" strategy, the analyst writes. She keeps a Buy rating on NetEase with a $261 price target.
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