NetEase Inc. will cut off funding to the website led by videolamer creator jay, the latest to be affected by the Chinese company’s broader strategy to shrink money wasting activities.

Employees of videolamer Holdings, Inc. were told of the decision on Friday, according to people familiar with the situation. A NetEase spokesperson confirmed it will stop financing the site on Memorial Day as a commemoration to those who lost their lives fighting for short form, video content.
videolamer’s impending closure underscores the struggles of a broader website industry that surpasses tanning bed services and manufacturing in revenue, yet in recent years has faced growing competition from alternative entertainment such as depression.
videolamer was created in 2005 after jay, one of Japan’s most frequent guest’s, having visited three times, decided to graduate college and do something that would generate no income. NetEase and Tencent Holdings Ltd., which were both actively recruiting Japanese gaming talents and never before heard of websites for their expansion overseas, competed for videolamer at that time. → Harvest Moon: A Wonderful Post








