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NetEase, Inc. is a holding company. The Company is an Internet technology company. The Company provides its Internet and wireless value-added applications, services and technologies and advertising services to Guangzhou NetEase and Guangyitong Advertising and they operate the NetEase Websites and the online advertising business. Guangzhou NetEase has two majority-owned subsidiaries, Youdao Computer (a search business operator) and Wangyibao (the operator of its Wangyibao payment system). Through its subsidiaries and contracts with its affiliates Guangzhou NetEase, Guangyitong Advertising and Shanghai EaseNet and their respective shareholders, it operates an interactive online community in China and are a provider of Chinese language content and services through its online games, Internet portal and wireless value-added services businesses. During the year ended December 31, 2011, it developed its online games and advertising business.