ReactOS not compatible with qemu 4.2.0

I use archlinux (a rolling release distro),

I tried to install ReactOS 0.4.12 on Qemu 4.2.0, the installation process works, but when I boot on hardisk ReactOS hangs with a blue screen, with the message :

"The video driver failed to initialize" (see the attached file)

I use the "std" graphic driver for Qemu, btrfs partition for the virtual disk.

The same bug occurs with ReactOS 0.4.11, the bug is present since a recent version of Qemu.