Saturday, November 06, 2004

China's Mobile Portal Netease continues to see declining SMS revenue

NetEase.com, Inc.(Nasdaq: NTES), one of China's leading Internet, online game and wireless value-added services providers, announced financial results for itsthird quarter ended September 30, 2004.

Net revenues from wireless value-added and other fee-based premiumservices decreased 16.4% quarter-over-quarter to RMB31.4 million (US$3.8million) which is mainly attributable to a decrease in revenues from SMS related services.

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