NetEase Rebounds on Solid Third-Quarter Earnings, New Game Approvals

By Yi Wei Wong NetEase Inc. shares rebounded Friday, after the company’s solid third-quarter results and Chinese regulatory approvals for some of its game titles helped investors shrug off the end of its licensing partnership with Activision Blizzard Inc. The Chinese internet-technology company’s Hong Kong-listed shares rose as much as 8.0% and were recently 6.3% higher at 110.00 Hong Kong dollars (US$14.05). Shares closed 9.1% lower at HK$103.50 Thursday after Blizzard Entertainment Inc., an Activision Blizzard subsidiary, said licensing agreements with NetEase for several of its game titles in China won’t be renewed after they expire in Jan. 23. NetEase…