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Higher Game License Approval Reinforces Bullish Thesis for Sector","url":"https://stock-news.laohu8.com/highlight/detail?id=2648654579","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2648654579?lang=en_us&edition=fundamental","pubTime":"2026-07-02 12:53","pubTimestamp":1782967980,"startTime":"0","endTime":"0","summary":"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.  Dow Jones NewswiresJuly 02, 2026 00:53 ET Copyright  2026 Dow Jones & Company, 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Tech heavyweight Tencent saw a short-term rally, rising over 3%, while Baidu Group advanced more than 4%. Meituan and NetEase also joined the upward trend, each gaining 2%.","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["02800","03037","03032","83115","03088","03423","03033","09999","09115","02837","09067","03067","09088","03115","07200","03419","03417","07500","HSTECH","07226","09888","07300","00700","03690","82800","07552"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1187122310","title":"NetEase Shares Surge on Early Dual Primary Listing and Entry into Hong Kong Stock Connect","url":"https://stock-news.laohu8.com/highlight/detail?id=1187122310","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1187122310?lang=en_us&edition=fundamental","pubTime":"2026-06-30 09:40","pubTimestamp":1782783628,"startTime":"0","endTime":"0","summary":"Shares of NetEase Inc (HKEX: 09999) surged more than 5% during the morning trading session. At the time of writing, the stock was up 3.01% to HK$205.2, with a turnover of HK$498 million. 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