NetEase is a China-based internet and gaming company headquartered in Hangzhou that acts as a corporate strategic investor. It backs companies in gaming, interactive entertainment, AI, AR/VR and developer tools, with additional alignment to NetEase’s internet, music, education, e-commerce, media and enterprise-services businesses. Investment activity spans the United States, United Kingdom and China, including Series A and Series B rounds, and NetEase has acted as a lead investor. Disclosed NetEase commitments support a $100 million to $120 million investment range for relevant strategic opportunities.