According to Goldman Sachs's prediction, the gaming industry environment has changed, which is not favorable for Netease. However, they are bullish on Tencent.

As industry regulatory focus shifts, Tencent, as "China's largest small game platform", may usher in a spring. Coupled with the initial results of Tencent's overseas investments, its international gaming business is showing strong momentum.

wallstreetcnJun 19 07:23 ET

Hong Kong Shares Rebound 2.9% Amid Positive Sentiment

Hong Kong's Hang Seng Index extended early gains to close 2.9% higher at 18430.39. There could be some optimism among investors that more may be done by the Chinese authorities in 2H, IG market strate

WSJJun 19 04:37 ET

Brokerage Focus: CMB International points out that China's internet-related performance in the first quarter as well as industry performance are in line with expectations. Pay attention to three main lines when selecting stocks.

Zhaojin Financial News | CICC International stated that in the review of the performance and industry 1Q24 results of China's Internet sector since the beginning of the year, the Internet sector has retreated to some extent after a relatively rapid rise under the boost of emotional improvement and short-term capital inflows, which is in line with the bank's previous expectations. From the perspective of stock selection throughout the year, with the interest rate cut trading not yet trending, and with liquidity still tight, the bank recommends selecting stocks around three main lines:

金吾財訊Jun 19 02:35 ET

China PBOC Keeps Key Policy Rates Steady

China's central bank kept its key policy rates unchanged on Monday, indicating a likely hold on the benchmark lending rate later this month. The People's Bank of China provided 182 billion yuan ($25.0

Dow JonesJun 16 23:46 ET

Express News | NetEase Inc : Barclays Initiates Coverage With Equal-Weight Rating and Target Price $104

ReutersJun 13 06:03 ET

Goldman Sachs: Tencent (00700) and Netease (09999) are still the preferred choices in the gaming field. The launch of new games is a catalyst.

Netease's games "Endless Journey MOBILE" and "Yanyun Shiliu Sheng" will also be released in July or August this year.

Zhitong FinanceJun 12 23:28 ET