Gaming stocks continued their recent gains. As of press release, Friendship Time (06820) rose 6.3% to HK$1.35; IGG (00799) rose 3.83% to HK$3.25; China Mobile Games (00302) rose 3.38% to HK$1.53; and Xindong (02400) rose 2.77% to HK$14.12.
The Zhitong Finance App learned that gaming stocks continued their recent gains. As of press release, Friendship Time (06820) rose 6.3% to HK$1.35; IGG (00799) rose 3.83% to HK$3.25; China Mobile Games (00302) rose 3.38% to HK$1.53; and Xindong (02400) rose 2.77% to HK$14.12.
According to the news, the recent Steam game “Done! “I'm Surrounded by Beautiful Women” is popular all over the internet. According to a research report released by China Galaxy Securities, some listed companies have already begun exploring this new category of games. As the number of games in the same category increases, the “short drama+game” business logic and business model will continue to be verified and optimized, which is expected to open up a new track in the game industry.
The bank pointed out that in August 2023, the size of the Chinese game market was 29.226 billion yuan, up 2.15% from the previous month, up 46.08% from the previous year; the actual sales revenue of mobile games was 22,851 billion yuan, up 3.35% from the previous month and 63.73% from the previous year. Furthermore, the version approval policy has been gradually relaxed, and the new product cycle of companies within the industry has begun steadily. It will continue to generate performance in the future. The game industry is expected to start a new round of growth in the future.