网易：调研要点-AI 将赋能头部开发者；聚焦自研 IP 以拓展全球市场；维持买入评级

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 24 March 2026 | 9:02PM HKT Equity Research NetEase Inc. (NTES): Internet Trip Takeaways: AI to amplify top-tier developers; focus on self developed IP for global market; Buy We hosted NetEase management on Mar 24 in Beijing as part of our China Internet Trip. Key investor focuses/topics discussed include: 1) AI impact on broader game industry and NTES itself including R&D, talent development and monetization, where management emphasized that AI can meaningfully improve efficienc ...