NetEase, Inc.
NTES
position
long
Ben Preston, Orbis
Thesis
NetEase has been a rewarding investment for over 10 years, and it is viewed as having a competitive position and growth potential comparable to leading global companies like Google and Amazon, but at lower valuations. Despite the risks associated with investing in China, the potential for growth and value creation remains strong.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time horizon for the thesis, it's difficult to assess whether the investment thesis has played out. While the competitive position and growth potential were highlighted, the lack of concrete evidence or time frame leaves the outcome uncertain.
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