➀ Tencent's subsidiary, Polaris Quest, has announced 'Light of Motiram', an open-world survival crafting game inspired by Guerilla Games' Horizon Zero Dawn; ➁ The game is listed on Steam and Epic Games Store but has no release date yet; ➂ The game faces potential legal challenges from Sony due to its similarities.

1. Tencent stock is maintained as a 'Buy' due to its strong economic moat, solid growth prospects, and reasonable valuation despite recent stock price increases. 2. China's macroeconomic outlook shows signs of improvement, with GDP growth expected to be 4.6% in 2025, potentially leading to a long-term bull market. 3. Tencent's Q3 2024 results demonstrate solid growth with revenue up 8.1% YoY, operating profit up 20.3% YoY, and free cash flow up 14.5% YoY. Intrinsic value calculations suggest Tencent is undervalued, with potential growth rates justifying higher valuations.

➀ Tencent's new game, Light of Motiram, is heavily inspired by Horizon Zero Dawn, featuring open-world survival gameplay and mechanical animals. ➁ The game is developed by Polaris Quest, a subsidiary of Tencent. ➂ It includes building mechanics and co-op play, focusing on multiplayer experience rather than the cinematic campaign of Horizon games.

➀ 'Black Myth: WuKong' marks a significant milestone for Chinese gaming, with Tencent's strategic investment in Game Science, the developer, highlighting its commitment to high-quality game development. ➁ Tencent's involvement extends beyond financial support, providing technical assistance through its partnership with Epic Games, which is crucial for the game's development using the Unreal Engine. ➂ The game's success reflects Tencent's broader strategy to fill the gap in the domestic single-player game market, aiming to enhance its reputation and competitiveness in the global gaming industry.