With Toshihiro Nagoshi as its CEO and president, the studio is focused on releasing "high-quality" console titles and having an "open atmosphere."
Grasshopper Manufacture will be responsible for its own game production while NetEase will provide funding and other support.
The mobile port includes all previously release DLC, UI changes and Achievements.
Published by NetEase Games, it launches "soon" for mobiles.
The recently trademarked title is one of 15 new game reveals at TGA 2019.
"Blizzard severely miscalculated how their fans would respond," said Cowen and Company to investors.
Blizzard denies pulling any announcements or having any plans for the same.
The game "would not allow you" to play without an internet connection, according to Blizzard's Wyatt Cheng.
Expect "more mobile titles" that span "all of our IPs", says Blizzard's Allen Adham.
Control scheme "taking inspiration" from NetEase's other titles, says Blizzard's Allen Adham.
Co-founder Allen Adham reaffirms that "multiple things" are in development.
