Blizzard Entertainment released a statement on November 16 saying that it will suspend most Blizzard game services in China, including World of Warcraft and Hearthstone, as the existing licensing agreement with NetEase will expire on January 23, 2023.
NetEase Stock Price
In response, NetEase said it was very sorry that Activision Blizzard announced the cessation of cooperation first, and that they will have to accept this decision. NetEase will continue to fulfill its responsibilities and serve Chinese players to the last moment.
Affected by this news, NetEase stock price plunged nearly 15% on the same day.
Source: Sina