TCEHY - What's Going On With Leading Chinese Gaming Giant NetEase Tuesday? | Benzinga
NetEase Inc (NASDAQ: NTES) lost about $7 billion from its market value this week, driven by concerns over competition from Tencent Holdings Ltd's (OTC: TCEHY) upcoming party game, Dream Star. NetEase closed lower by 4.75% on Monday.
Dream Star, set to launch on December 15, is expected to directly challenge NetEase's popular game Eggy Party, one of China's top mobile games.
Analysts at Goldman Sachs, including Lincoln Kong, noted that the competition between Eggy Party and Dream Star will be crucial, potentially impacting NetEase's market position, Bloomberg