NetEase has now responded to Blizzard’s press release about the suspension of their game services in China and the end of their licensing agreement with NetEase, as reported by the Kechuangban Daily, via CaiLianShe (财联社).
[NetEase] has been doing its best to negotiate with Activision Blizzard, hoping to promote the renewal of the contract. After a long period of negotiations, we still could not reach agreement with Activision Blizzard on some key terms of cooperation. We regret that Activision Blizzard today announced that it will cease cooperation, and we will have to accept this decision. NetEase will continue to fulfill its responsibilities and serve the players until the last moment.
A big thanks to Neo for the translation and for finding the announcement.