China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

[Gaming Sector Update]: AIGC: Short-Term Catalyst, Long-Term Challenge

[NetEase (NTES US, BUY, US$106) TP Change]: Eggy Party Could Be Compared to Roblox

NTES.US: NetEase Holds Annual Game Conference, Announced New Game Pipelines, and Our Estimations(+)

[NetEase (NTES US) Earnings Review]: Eggy Party and Justice Mobile Are Two Catalysts

NetEase(NTES.US) 4Q22 Preview: Enter a Period of Lukewarm Performance

Netease (NTES US) – Aiming for long-term growth

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

China/Asia TMT

Shawn Yang

Equity Bottom-Up

<ul>
<li>We suggest that the recent strong performance of &lt;Eggy Party&gt; could be sustainable because of the absence of competitive games...</li>
<li>...an emerging user-generated-content (UGC) ecosystem with much potential, social connections among players, and popularity on social media. </li>
<li>We maintain our previous estimation that &lt;Eggy Party&gt; could at least contribute RMB 4-5 bn this year. NetEase is one of our top picks in China internet.</li>
</ul>


We suggest that the recent strong performance of &lt;Eggy Party&gt; could be sustainable because of the absence of competitive games...
...an emerging user-generated-content (UGC) ecosystem with much potential, social connections among players, and popularity on social media. 
We maintain our previous estimation that &lt;Eggy Party&gt; could at least contribute RMB 4-5 bn this year. NetEase is one of our top picks in China internet.


[NetEase (NTES US) Company Update]: Eggy Party Could Have Long Life Cycle

NetEase Inc

[NetEase (NTES US) Company Update]: Eggy Party Could Have Long Life Cycle