Sign in

    Yang Liu • Unknown Analyst

    Yang Liu's questions to NetEase Inc (NTES) leadership

    Yang Liu's questions to NetEase Inc (NTES) leadership • Q2 2025

    Question

    Yang Liu of Morgan Stanley inquired about the monetization performance of 'Where Wings Meet' and the drivers behind the recent grossing rebound for 'Once Human', including its potential to become an evergreen title and its user and revenue split between China and overseas markets.

    Answer

    Bill Pang, VP of Corporate Development, stated that 'Where Wings Meet' exceeded initial expectations with a stable, cosmetic-only monetization model. He attributed the rebound of 'Once Human' to a significant 'version 2.0' update and a new PVP spin-off, noting its long-term potential. Pang also detailed that 'Once Human' has a 50/50 user split between China and the rest of the world, with a 2-to-3 revenue distribution, respectively.

    Ask Fintool Equity Research AI

    Yang Liu's questions to Tuya Inc (TUYA) leadership

    Yang Liu's questions to Tuya Inc (TUYA) leadership • Q2 2024

    Question

    Yang Liu inquired about Tuya's future demand outlook, asking if the nearly 30% growth seen in the first half of 2024 could be sustained in the second half, considering the high comparison base from the previous year.

    Answer

    Incoming CFO Alex Yang responded that while the macroeconomic environment has stabilized, providing a positive backdrop, the high base from Q3 2023 makes specific forecasts challenging. However, he expressed optimism for continued year-over-year growth in the core business for the second half, citing Tuya's resilient 'cubic model' which diversifies across customer needs, industries, and geographies, with particularly strong growth in Latin America and Southeast Asia.

    Ask Fintool Equity Research AI