China's Higher Game License Approval Reinforces Bullish Thesis for Sector

Dow Jones
07/02

0453 GMT - An increase in game license approvals by China in 2Q reinforces Morningstar's positive thesis on the country's gaming sector. China's National Press and Publication Administration issued 483 game licenses in the second quarter, up 13% on year. Senior equity analyst Ivan Su notes that with approvals normalized, regulatory supply is no longer a major swing factor for developers' earnings. He expects competition in the extraction shooter genre to intensify through 2026-2027. Morningstar maintains fair value estimates for gaming majors Tencent, NetEase and Bilibili, noting all three remain undervalued. Tencent remains its top pick as AI is unlikely to disrupt its network-effect advantage. Tencent last traded at HK$438.40. (jason.chau@wsj.com)

 

(END) Dow Jones Newswires

July 02, 2026 00:53 ET (04:53 GMT)

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

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

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