0934 GMT - First-person action games will likely drive the next stage of growth in China's videogame sector, according to Daiwa's John Choi and Candis Chan. More new first-person action titles are scheduled to launch this year, such as "Valorant Mobile," "Rainbow Six Mobile" and "Destiny: Rising," the analysts say in a note. The increased supply of such games will expand the player base with minimal cannibalization across titles, they add. Tencent Holdings and NetEase are expected to capitalize on the market opportunities with their evergreen and innovative titles. Daiwa reaffirms its positive view of the sector, naming Tencent as its top pick. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
June 03, 2025 05:34 ET (09:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.