Tencent launches party game 'DreamStar’
HONG KONG: Chinese tech giant Tencent Holdings on Friday launched "DreamStar", a new party game that has been widely anticipated by users and pegged by analysts to pose a threat to domestic arch rival NetEase . "DreamStar", in which Game rs play as cartoon characters to race in an obstacle course, is seen as Tencent's move to take on NetEase' massively popular Game "Egg Party", a surprise hit which has helped lift NetEase shares by more than 40% this year. JPMorgan analysts said in a note on Thursday that the launch of "DreamStar" could impact NetEase revenue by 2% to 3%. The bank also trimmed its forecast for NetEase revenue for the next two quarters by 4% and 5% respectively. "Egg Party" is forecast to be on track to earn an annual revenue between 7 billion yuan and 8 billion yuan ($980 million and $1.1 billion) this year, according to a Goldman Sachs note. As Tencent's answer to "Egg Party", Goldman...