Due to speculation, Netease shares rose 5%. Chinese law requires foreign companies to partner locally for business, benefiting giants like NetEase and Tencent in China's tech market.
Activision Blizzard and NetEase had a deal for publishing games in China since 2008. The partnership ended in 2022 due to disagreements, halting access to popular games like World of Warcraft in the region.
Speculation suggests changes at Activision Blizzard may have led to the renewed partnership with NetEase for Chinese market access. NetEase previously cited a 'jerk' for the deal collapse.
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