Goldman Sachs: Maintains "Buy" rating on Tencent and NetEase, each receiving two new game licenses

Zhitong
2024.09.02 07:35

Goldman Sachs released a report stating that in August, mainland China issued 8 domestic online game licenses, bringing the total number of approved games to 941 so far this year. In the latest batch of game licenses, Tencent and NetEase each obtained two game licenses, while Bilibili also obtained one game license. The bank maintains a "buy" rating on Tencent and NetEase. The report mentioned that Tencent's "Under the Strange" is a 3D adventure action game adapted from a well-known Chinese comic IP, developed by MoreFun Studio selected by Tencent. Tencent has obtained approval for both the mobile and PC versions of this game. In addition, "Matrix: Zero Day Crisis" is a shooting PC game with limited disclosed information currently, developed by Aito Technology, and is likely to be distributed by Tencent. As for NetEase's "Beyond the Boundary" PC game, it is scheduled to be launched in 2025, has undergone multiple rounds of overseas testing, and domestic testing is about to begin. Another game, "After the Easy Day," has also obtained a game license for the PC version

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