Netease Begins Constructing R&D Center In Hangzhou

Through more than one year's preparation, Netease (NTES) has now formally begun the construction of a R&D Center in Hangzhou, which is estimated to involve about RMB300 million in investment.

Netease's R&D Center in Hangzhou will mainly focus on the development of such Internet technologies as computer games and blogging services as well as the operation of new products. Ding Lei, CEO of Netease, says that Netease will form a development team of 3000-4000 people in the coming three to five years and this will make the Hangzhou R&D Center the largest one for the company.

In June 2007, Netease set up a network company and a research institute in Hangzhou.