On July 10th, Netease (NTES.US) fell more than 2.4%, to $91.27. Today, many players reported that there were widespread disconnections in "Eternal" and received the message "Failed to connect to server. Please check your network and try again." "Eternal" is a multiplayer action game developed by Netease's 24 Entertainment studio, which entered open beta testing on July 8, 2021. Morgan Stanley recently released a research report stating that online gaming will face the most competitive summer, with over 100 games expected to be released this summer, including "Once Human" launched by Netease and "Eternal" released on July 25. Although the growth is expected to accelerate in the second half of the year, the decrease in average revenue per paid user (ARPPU) and the increase in costs have led to a decline in return on invested capital (ROIC), giving Netease a target price of $100 and a rating of "Synchronized with the market."