HANGZHOU, China, July 22, 2019 /PRNewswire/ -- NetEase, Inc. (NTES) ("NetEase" or the "Company"), one of China'sleading internet and online game services providers, has launched a new video games studio in Montréal, Québec, which is considered to be Canada's premier video game production center. NetEase plans to hire local and international talent for this R&D-focused studio in North America.
"Global expansion is of great importance to the strategic growth of NetEase's online games business. We have made considerable progress in recent years, and our new Montréal games studio is another significant milestone for our global market ambitions," said William Ding, Chief Executive Officer and Director of NetEase. "Known for being a world-leading video game and entertainment content production hub, with rich resources in talent and technologies, Montréal offers clear advantages and favorable conditions to international online games companies such as NetEase. We were warmly welcomed by Montréal International and Investissement Québec, and we are thrilled at this remarkable step which can push us forward on realizing our global objectives."
Montréal International, Greater Montréal's economic promotion agency, has supported the Company with their set-up project. "We cordially welcome the arrival of NetEase, the first major game publisher and developer from China to establish an office here, which confirms Greater Montréal's enviable position as a world leader in the video game industry," stated Hubert Bolduc, President and CEO of Montréal International. "Since 2015, the Québec video game industry has experienced a phenomenal 42% growth in the number of companies establishing roots or expanding here, with the world's largest video games producers successively choosing the city for its creative, vibrant and artistic culture."
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