Blue Lotus Non US Internet research, Blue Lotus Research Institute

Ying Pan

Blue Lotus Non US Internet research

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

Thematic (Sector/Industry)

<ul>
<li>BABA US/PDD US/JD US: Alibaba overhauls Taobao/Tmall merchant fees (+/-/-)</li>
<li>NTES US: NetEase's &lt;Naraka Mobile&gt; Ranks 3rd on China iOS Grossing Chart on First Day, Performance In Line with Expectations (+)</li>
<li>TCOM US/ATAT US: Hotel RevPAR Drops 9% YoY in July MTD (-/-）</li>
</ul>


BABA US/PDD US/JD US: Alibaba overhauls Taobao/Tmall merchant fees (+/-/-)
NTES US: NetEase's &lt;Naraka Mobile&gt; Ranks 3rd on China iOS Grossing Chart on First Day, Performance In Line with Expectations (+)
TCOM US/ATAT US: Hotel RevPAR Drops 9% YoY in July MTD (-/-）


[Blue Lotus Daily-TMT Update]:BABA US/PDD US/JD US/NTES US/TCOM US/ATAT US/3690 HK/700 HK

Analyst - Media&Entertainment Sector, Blue Lotus Research Institute

Stan Zhao

Analyst - Media&Entertainment Sector

<ul>
<li>Tencent's game performance was mixed. &lt;DnF Mobile&gt; continued to perform well, with popularity increasing after the summer update. &lt;Peacekeeper Elite&gt; saw a natural decline due to the game's lifespan.</li>
<li>NetEase's &lt;Naraka Mobile&gt; launched on July 25 and showed an impressive performance with a large influx of players. It is expected to be a blockbuster with billions in annual grossing</li>
<li>Bilibili's &lt;FGO&gt; surged to fifth place on the grossing chart after its anniversary event, demonstrating the strong spending enthusiasm and loyalties of players for this nearly decade-old game.</li>
</ul>


Tencent's game performance was mixed. &lt;DnF Mobile&gt; continued to perform well, with popularity increasing after the summer update. &lt;Peacekeeper Elite&gt; saw a natural decline due to the game's lifespan.
NetEase's &lt;Naraka Mobile&gt; launched on July 25 and showed an impressive performance with a large influx of players. It is expected to be a blockbuster with billions in annual grossing
Bilibili's &lt;FGO&gt; surged to fifth place on the grossing chart after its anniversary event, demonstrating the strong spending enthusiasm and loyalties of players for this nearly decade-old game.


<ul>
<li>1797 HK/JD US: Popular live streamer Dong Yuhui leaves East Buy (-/+)</li>
<li>BABA US/PDD US: AliExpress receives small fine in Korea due to data privacy violation (+)</li>
<li>Chinese Gaming Industry: Games Can Now Be Filed for Testing Without Approval of Game Code, Guangdong Province Leads the Way  (+)</li>
</ul>


1797 HK/JD US: Popular live streamer Dong Yuhui leaves East Buy (-/+)
BABA US/PDD US: AliExpress receives small fine in Korea due to data privacy violation (+)
Chinese Gaming Industry: Games Can Now Be Filed for Testing Without Approval of Game Code, Guangdong Province Leads the Way  (+)


[Blue Lotus Daily-TMT Update]:1797 HK/JD US/BABA US/PDD US/3690 HK/1024HK/700HK/NTE US/TCOMUS/AMZNUS

<ul>
<li>3690 HK/TCOM US: Online catering is robust in 2Q24, while online tourism diminishing quickly（+/-）</li>
<li>1024 HK: Source said Kuaishou's video generation LLM, Kling AI, has surpassed one million total application users.（+）</li>
<li>3690 HK:Meituan may launch food delivery service in Riyadh in September or October this year (+)</li>
</ul>


3690 HK/TCOM US: Online catering is robust in 2Q24, while online tourism diminishing quickly（+/-）
1024 HK: Source said Kuaishou's video generation LLM, Kling AI, has surpassed one million total application users.（+）
3690 HK:Meituan may launch food delivery service in Riyadh in September or October this year (+)


[Blue Lotus Daily-TMT Update]:3690 HK/TCOM US/1024 HK/BIDU US/PDD US/AMZN US/NTES US/700 HK/BABA US

<ul>
<li>700 HK: Tencent's &lt;Civilization Mobile&gt; Officially Launches, Ranks Second on iOS Download Chart.（+）</li>
<li>JD US/PDD US/BABA US : JD to launch new monthly promo event “Super 18” (/)</li>
<li>PDD US: PDD announces new requirements for some merchants (+)</li>
</ul>


700 HK: Tencent's &lt;Civilization Mobile&gt; Officially Launches, Ranks Second on iOS Download Chart.（+）
JD US/PDD US/BABA US : JD to launch new monthly promo event “Super 18” (/)
PDD US: PDD announces new requirements for some merchants (+)


[Blue Lotus Daily-TMT Update]:700HK/JD US/PDD US/BABA US/NTES US/SE US/TCOM US/ATAT US/3690HK/BABAUS

China

NetEase is a Chinese Internet technology company that provides online services across various sectors. Its core businesses include the development and operation of desktop and mobile games, alongside services in news aggregation, music streaming (NetEase Cloud Music), online education (Youdao), advertising, email, and e-commerce (Yanxuan). The company is headquartered in Hangzhou, China, and was founded in June 1997.

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NetEase (9999 HK)

[Blue Lotus Daily-TMT Update]:BABA US/PDD US/JD US/NTES US/TCOM US/ATAT US/3690 HK/700 HK

Alibaba changes fees for Taobao/Tmall merchants, NetEase's <naraka mobile> ranks 3rd in China iOS chart, hotel RevPAR drops 9% YoY in July.</naraka>

Blue Lotus Research Institute

Online Game Monitor: July 15-29, 2024

Tencent's games have mixed performance, NetEase's <naraka mobile> shows performance and Bilibili's climbed the grossing chart after the...

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:1797 HK/JD US/BABA US/PDD US/3690 HK/1024HK/700HK/NTE US/TCOMUS/AMZNUS

Popular live streamer Dong Yuhui leaves East Buy, AliExpress fined for data privacy violation in Korea, and Guangdong Province allows games to be...

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:3690 HK/TCOM US/1024 HK/BIDU US/PDD US/AMZN US/NTES US/700 HK/BABA US

Online catering is thriving, while online tourism is declining. Kuaishou's video generation AI has over one million users. Meituan may expand food...

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:700HK/JD US/PDD US/BABA US/NTES US/SE US/TCOM US/ATAT US/3690HK/BABAUS

Tencent's <civilization mobile> ranks second on iOS download chart, JD US to launch "Super 18" promo event, PDD US announces new requirements for...

Blue Lotus Research Institute

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Blue Lotus Daily-TMT Update]:BABA US/PDD US/JD US/NTES US/TCOM US/ATAT US/3690 HK/700 HK

​Alibaba changes fees for Taobao/Tmall merchants, NetEase's <naraka mobile> ranks 3rd in China iOS chart, hotel RevPAR drops 9% YoY in July.</naraka>

Blue Lotus Research Institute

Online Game Monitor: July 15-29, 2024

​Tencent's games have mixed performance, NetEase's <naraka mobile> shows performance and Bilibili's climbed the grossing chart after the...

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:1797 HK/JD US/BABA US/PDD US/3690 HK/1024HK/700HK/NTE US/TCOMUS/AMZNUS

​Popular live streamer Dong Yuhui leaves East Buy, AliExpress fined for data privacy violation in Korea, and Guangdong Province allows games to be...

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:3690 HK/TCOM US/1024 HK/BIDU US/PDD US/AMZN US/NTES US/700 HK/BABA US

​Online catering is thriving, while online tourism is declining. Kuaishou's video generation AI has over one million users. Meituan may expand food...

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:700HK/JD US/PDD US/BABA US/NTES US/SE US/TCOM US/ATAT US/3690HK/BABAUS

​Tencent's <civilization mobile> ranks second on iOS download chart, JD US to launch "Super 18" promo event, PDD US announces new requirements for...

Blue Lotus Research Institute

Alibaba changes fees for Taobao/Tmall merchants, NetEase's <naraka mobile> ranks 3rd in China iOS chart, hotel RevPAR drops 9% YoY in July.</naraka>

Tencent's games have mixed performance, NetEase's <naraka mobile> shows performance and Bilibili's climbed the grossing chart after the...

Popular live streamer Dong Yuhui leaves East Buy, AliExpress fined for data privacy violation in Korea, and Guangdong Province allows games to be...

Online catering is thriving, while online tourism is declining. Kuaishou's video generation AI has over one million users. Meituan may expand food...

Tencent's <civilization mobile> ranks second on iOS download chart, JD US to launch "Super 18" promo event, PDD US announces new requirements for...