Question-and-Answer Session
Operator
(Operator Instructions) We will take our first question from Richard Ji with Morgan Stanley.
Richard Ji - Morgan Stanley
Hello, William, Michael, Onward. I have two questions and they have to do with Fantasy Westward Journey. Obviously Fantasy Westward Journey is the bread and butter for your company. Other than the seasonal weakness in 2Q, have you seen this game stabilize? Regarding the expansion pack in 4Q, what will be the expansion pack mainly about? And I have a follow-up.
Michael Tong
Yes, the expansion pack in going to be released in the fourth quarter but we are not going to disclose the exact contents. The official announcement of the exact contents for the fourth quarter expansion pack will be announced when we are ready to do it.
We believe that this is a seasonal trend for Fantasy Westward Journey in the second quarter, where we see a flat or very little drop in usage, and which we have been seeing that in the last year or the year before that, and especially that in the first quarter because of the winter holiday and also because of the Chinese Valentine’s Day, as we have explained during the last quarter, I think it is normal to see that it is a flat quarter for the second quarter.
We believe the momentum for the game continues to be very strong.
Richard Ji - Morgan Stanley
Okay, thank you, Michael. My second question is again, your company is likely the most cash-rich company among the Chinese Internet peers. Apart from share buy-backs to enhance shareholder value, are you looking for a licensing opportunity as you guys have publicly announced several times? And if you are looking for a licensing opportunity, will you be focusing more on the overseas opportunity or more likely the local game titles?
Michael Tong
Again, besides share buy-back, we have been looking for different kinds of opportunities, especially including licensing new games for NetEase. The games could be from domestic and a game from overseas. Unfortunately, we don’t have anything that we can publicly announce right now but we have been working very hard and dealing with several companies in the licensing games area.
Richard Ji - Morgan Stanley
Thank you.
Operator
Thank you. Moving on, we will take our next question from Wallace Cheung with Credit Suisse.
Wallace Cheung - Credit Suisse
Good morning, William, Michael and Onward. Just two quick questions; I think first of all, can you give a little guidance on the operating expenses trend? Because it seems there’s been a bit of growth in the three line segments. How is the trend facing quarter -- is this R&D cost that is -- will there be much further growth in the headcount and the salary hike? Thank you.
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