ab 3 November 2025 Global Research China Online Entertainment Sector Q325 preview: will the YTD outperformance continue? We anticipate a mixed Q325 earnings season for online entertainment Online entertainment is a significant YTD outperformer within China internet, driven by: 1) solid fundamentals supported by Chinese consumers' robust spending on leisure; 2) favourable investor positioning in online entertainment amid macro uncertainties and competition in local commerce. We expect the favourable position ...