As of June 20th, Bilibili (BILI.US) rose 8.34% before the market opened, reaching $17.53. On the news front, Bilibili's agent issued the game 'Three Kingdoms: Strategic Victory' for public beta on June 13th, which performed better than expected. According to Point Data, the game ranked second on the free list and third on the iOS game sales list on the first day of the public beta. As of June 18th, the game still ranks third in the sale list, after Tencent's 'Dungeon and Warriors' and 'Glory of the King', and surpassed 'Peace Elite' and Netease's 'Nishuishan' mobile game. Citigroup expects that if the mobile game can maintain its position in the top 10, its revenue for the first month will reach 700 million to 1 billion yuan; giving Bilibili a target price of $15.5 and a 'neutral' rating. The bank believes that strategy games usually have a longer life cycle, especially Three Kingdoms themed games, which means that the group's prospects for 2025 and 2026 will be improved. The bank believes that the success of Three Kingdoms themed games may encourage the company to allocate more self-developed resources to non-anime, comic, and game (non-ACG) games in the future.