Gelonghui, June 3 | BOC International published a research report stating that performance certainty is driving a recovery in investment sentiment in the mainland Internet industry. As of May 31, the China Internet Index had risen 7% month-on-month, outperforming the Hang Seng Index. Among them, the bank expects Tencent's “DNF Mobile Game” first-month turnover to exceed expectations. The bank predicts that game revenue will accelerate in the second quarter, driven by new games and the return growth of many old games such as “Wang Zhe Rongyao”. The Tencent Video account has benefited from a further increase in monetization due to the establishment and monetization of the merchant and user ecosystem. The bank expects its advertising revenue to increase 16% year-on-year in the next quarter. On the e-commerce side, the bank expects Pinduoduo's GMV and revenue to increase by 22% and 33% this year. It also expects Ali's GMV and CMR to increase by 4% and 3% respectively in the first quarter of fiscal year 2025, and expects JD's profit to maintain healthy growth this year.