Rumor: Netease May Sell Youdao Products to Microsoft
DoNews, 9/02/11
Chinese internet company Netease (Nasdaq: NTES) reportedly may sell its Youdao product line, possibly to Microsoft, according to an industry source.
Netease's Youdao search engine began beta testing in 2006, and officially launched in December 2007. It was followed by a number of Youdao products, including a shopping guide, dictionary, translation tools, and location-based SNS.
Editor's Note: In a separate report from CNET, Netease denied the rumors of Microsoft acquiring the Youdao product line, stating "Netease and Microsoft have had numerous partnerships, but there are no plans for such a sale."
Keywords: divest M&A LBS Netease dictionary Internet Youdao SNS Microsoft NTES online search
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