Game stocks plummeted across the board Tencent fell more than 10% NetEase-S fell more than 7%
The decline of mobile game stocks widened in the afternoon. As for now, $TENCENT (00700.HK)$ fell 9.88% to HK $209; $NTES-S (09999.HK)$ fell 7.24% to HK $89.25; $CMGE (00302.HK)$ fell 7.81% to HK $1.18; $IGG (00799.HK)$ fell 6.49% to HK $2.12.
The Game Industry Report in the Third Quarter of 2022 shows that the actual sales revenue of China's game market in the third quarter was 59.703 billion yuan, down 12.61% month on month and 19.13% year on year. The decline in the month on month growth rate was slightly narrower than that in the second quarter, and the year-on-year growth rate turned negative compared with the positive growth in the same period last year.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
