4 Reasons NetEase Outperformed Tencent in 2019
NetEase (NASDAQ: NTES) was founded in 1997, predating Tencent (OTC: TCEHY) by a year, but it's often overshadowed by its larger rival. Its core video game business, which generated 79% of its revenue last quarter, is smaller than Tencent's, and its top mobile games still can't top Tencent's flagship title Honor of Kings in China.
Despite those challenges, NetEase's stock rallied nearly 40% this year as Tencent's stock rose less than 10%. Let's examine four key reasons the underdog outperformed the market leader, and why that trend could continue in 2020.
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Source Fool.com
