NetEase, Blizzard renew China licensing deal until 2020

• NetEase (NASDAQ:NTES) is up 1.2% today after renewing its licensing agreement in China with Blizzard Entertainment (ATVI +0.1%).
• The deal -- a lucrative partnership that covers games including World of Warcraft, StarCraft II, Diablo III, Hearthstone, Heroes of the Storm and Overwatch -- is extended to January 2020 and currently heads into its ninth year.
• During the deal, the companies attained the goal of launching Blizzard's games in China simultaneous with other regions.