NetEase Sees Virus Containment as ‘Catalyst’ for Chinese Online-Learning Industry
Chinese internet gaming and learning provider NetEase thinks it may benefit from the coronavirus outbreak as consumers are told to spend more time in their homes, said CEO William Ding on a call Wednesday about Q4 ended Dec. 31. The…
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Chinese New Year customarily is a “high season for online entertainment,” and was even more so when the outbreak extended the holiday period, said Ding. “User metrics” have been stronger that those of previous Chinese New Year holidays, he said. “We are a firm believer that online learning actually offers a better user experience overall vis-à-vis the traditional off-line learning.” As Chinese authorities scramble to contain the spread of the coronavirus, “more and more people are now more receptive and adaptive to the online-learning model,” he said. “This virus situation is probably a catalyst to propel the overall online-learning industry.”