NetEase discloses $498m publicly traded holdings in SEC filing

NetEase, Inc. announced its overseas regulatory filing, confirming its Form 13F submission to the U.S. Securities and Exchange Commission (SEC) for the quarter ended September 30, 2025. As an institutional investment manager, NetEase reported exercising investment discretion over equity securities totaling $498,737,881. This filing is mandated for companies with $100 million or more in equity securities listed on the SEC's official Section 13(f) list.

The report, filed on November 13, 2025, from Hangzhou, China, outlines NetEase’s holdings in publicly traded companies. Key holdings include 2,898,293 shares of Youdao Inc. Sponsored ADSs, valued at $28,809,032, and 3,555,488 shares of PDD Holdings Inc. Sponsored ADSs, valued at $469,928,849. Both holdings are reported under "SOLE" investment discretion.

The board of directors of NetEase, Inc. includes Mr. William Lei Ding as director, alongside independent directors Ms. Alice Cheng, Ms. Grace Tang, Mr. Joseph Tong, Mr. Michael Leung, and Mr. Johnny Chan. Mr. William Lei Ding, who serves as chief executive officer, signed the Form 13F on behalf of the reporting manager.