Skip to Content

NetEase has reportedly been instructed to divest its overseas holdings

NetEase, a major Chinese game publisher, has reportedly been instructed to divest its overseas holdings, beginning with its hit game Marvel Snap. This directive has led to the closure of the Seattle-based team responsible for the game. The layoffs are part of a broader strategic shift, potentially influenced by regulatory or political pressures on Chinese companies operating internationally. The move underscores challenges faced by Chinese firms in maintaining and expanding their global presence amidst tightening scrutiny.