On July 26th, Citigroup released a research report stating that Netease's new mobile game Eternal was officially released for public testing on July 25th. As expected, it ranked first in the download list immediately after the launch, and quickly climbed to third place on the iOS bestseller list. Considering its 40 million reservations and the strong performance of the PC version before, the bank believes that the first-day performance of the game meets investors' expectations. The bank predicts that the game's sales revenue ranking can further rise to the top two in the next few days, and if it can maintain the top three of the game bestseller list in the next few weeks, the estimated sales revenue of Eternal in the third season will have room for an upward adjustment. The bank conservatively predicts that the third season revenue can reach 0.5 billion yuan. Citigroup currently rates Netease's stock as a 'buy' and has a target price of $116.