--- title: "Daiwa: Reiterates positive rating on the gaming industry, with Tencent, BILIBILI-W, and NetEase-S as top picks" type: "News" locale: "en" url: "https://longbridge.com/en/news/283288480.md" description: "Daiwa released a research report stating that the application of artificial intelligence (AI) in the gaming sector has enhanced efficiency, scalability, and operational capabilities, but core creative production remains dominated by humans. The firm believes that AI will expand content supply, but attention and profitability may further concentrate on top platforms. Daiwa still considers key project reserves as a catalyst for recent re-ratings. Given that Tencent, Bilibili (09626), and NetEase (09999) possess comprehensive capabilities, foresight, and strong operational strength in the era of AI disruption, as well as robust project reserves, the firm prefers these three stocks. However, the firm also highlighted some major risks, including delays in new game releases or poor performance; the emergence of new disruptive tools or traffic acquisition tools at a pace exceeding expectations. The firm's investment rating for Tencent is \"Buy,\" with a target price of HKD 517; for Bilibili's Hong Kong and US stocks, the investment rating is \"Buy,\" with target prices of HKD 199.2 and USD 24.95, respectively; for NetEase's Hong Kong and US stocks, the investment rating is also \"Buy,\" with target prices of HKD 186.6 and USD 115.87, respectively" datetime: "2026-04-20T03:26:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283288480.md) - [en](https://longbridge.com/en/news/283288480.md) - [zh-HK](https://longbridge.com/zh-HK/news/283288480.md) --- # Daiwa: Reiterates positive rating on the gaming industry, with Tencent, BILIBILI-W, and NetEase-S as top picks According to the Zhitong Finance APP, Daiwa released a research report stating that the application of artificial intelligence (AI) in the gaming sector has improved efficiency, scalability, and operational capabilities, but core creative production remains dominated by humans. The firm believes that AI will expand content supply, but attention and profitability may further concentrate on top platforms. Daiwa still considers key project reserves as a catalyst for recent re-ratings. Given that Tencent Holdings (00700), Bilibili (09626/BILI.US), and NetEase (09999/NTES.US) possess comprehensive capabilities, foresight, strong operational strength, and robust project reserves in the era of AI disruption, the firm prefers these three stocks. However, the firm also pointed out some major risks, including delays in the release of new games or poor performance; the emergence of new disruptive tools or traffic acquisition tools at a pace exceeding expectations. The firm has assigned a "Buy" investment rating to Tencent, with a target price of HKD 517; a "Buy" investment rating to Bilibili's Hong Kong and US stocks, with target prices of HKD 199.2 and USD 24.95, respectively; and a "Buy" investment rating to NetEase's Hong Kong and US stocks, with target prices of HKD 186.6 and USD 115.87, respectively ### Related Stocks - [09626.HK](https://longbridge.com/en/quote/09626.HK.md) - [09999.HK](https://longbridge.com/en/quote/09999.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [NTES.US](https://longbridge.com/en/quote/NTES.US.md) - [BILI.US](https://longbridge.com/en/quote/BILI.US.md) - [GAMR.US](https://longbridge.com/en/quote/GAMR.US.md) - [ESPO.US](https://longbridge.com/en/quote/ESPO.US.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) ## Related News & Research - [Bilibili Reports No Share Capital Changes in March 2026 Hong Kong Filing](https://longbridge.com/en/news/282355316.md) - [AI startups are shifting the economic center of gravity of San Francisco](https://longbridge.com/en/news/283216688.md) - [2 Undervalued AI Stocks That Could Skyrocket Soon](https://longbridge.com/en/news/282991032.md) - [ZAWYA: StarLink Roadshow 2026 powers intelligent defense solutions in the AI vs AI cyber era](https://longbridge.com/en/news/283241308.md) - [What AI Doesn't Know - And Why It Matters](https://longbridge.com/en/news/283076132.md)