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Goldman Sachs is optimistic about the resilience of China's online gaming sector, upgrading XD Inc. to a Buy rating.
Goldman Sachs' report suggests that online gaming is the most resilient sector among China's entertainment and media verticals, with AI benefits primarily flowing to leading established publishers such as Tencent and NetEase. Goldman Sachs simultaneously upgraded XD Inc. to a Buy rating, believing its TapTap platform will benefit from a significant expansion in game supply and is poised to shift from an AI-affected party to an AI-beneficiary, especially in its unique value proposition for serving long-tail game developers.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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