Selloff in Chinese Gaming Stocks on Tax Fears Seen as Overdone -- Market Talk

Dow Jones
02/03

0847 GMT - The selloff in Chinese online gaming stocks on speculation of higher value-added tax is unwarranted, Citi analysts say. Concerns were triggered after China's three telecom operators announced changes to VAT treatment, with some telecom services reclassified into higher tax bracket, lifting VAT to 9% from 6%. The move raised fears that higher taxes on online gaming virtual item sales could also rise, dragging shares of Tencent down 2.9% and Bilibili 1.4% lower. Citi says those concerns are misplaced, noting that sales of intangible assets, including gaming virtual items, remain subject to a 6% VAT. Citi says the pullback may offer a buying opportunity and reiterates its buy ratings on Tencent, NetEase and Century Huatong. (sherry.qin@wsj.com)

 

(END) Dow Jones Newswires

February 03, 2026 03:47 ET (08:47 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10