NetEase Launches Game Studio in Montreal
The Chinese gaming giant will be the first to set up in Montreal, Canada's hub for videogame development.
NetEase Inc. (Nasdaq: NTES) announced on Monday it has launched a new video game studio in Montréal aiming to localize its business in North America.
The Chinese gaming giant said it plans to hire local and international talent for its new research- and development-focused studio in Montréal, Canada's premier video game production center.
"Global expansion is of great importance to the strategic growth of NetEase's online games business. We have made considerable progress in recent years, and our new Montréal games studio is another significant milestone for our global market ambitions," William Ding, the chief executive officer of NetEase, said in a statement today.
"We cordially welcome the arrival of NetEase, the first major game publisher and developer from China to establish an office here, which confirms Greater Montréal's enviable position as a world leader in the video game industry," Hubert Bolduc, the chief executive officer of Montréal International, said.
NetEase Games has established itself on the global scene with successful game launches in multiple geographies. The company released Blizzard's World of Warcraft in China, and it has recently partnered with Marvel and the Pokemon Company.
The stock in NetEase closed at $242.96 per American depositary share on Monday in New York, 82 cents down.