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Hong Kong stocks movement | XD INC (02400) rose over 3% as the issuance of game licenses in December reached a new high. Institutions expect the domestic game industry trend to improve for the whole year.
XD INC (02400) rose over 3%. As of the time of writing, it is up 3.36%, trading at 26.15 HKD, with a transaction volume of 38.9247 million HKD.
In December, both domestic and imported game licenses were released! A total of 1416 licenses have been issued this year, the highest in the past five years.
① A total of 122 domestic games and 13 imported new games were approved today, marking the third consecutive month of simultaneous issuance of domestic and imported game licenses. Major games from Tencent and NetEase received approvals, along with several other publicly listed game companies also achieving gains. ② As of the time of writing, 1,416 new games have obtained licenses this year, the highest total in nearly five years.
When Should You Buy XD Inc. (HKG:2400)?
Sensor Tower: In November, 35 Chinese mobile game companies collectively earned 1.87 billion USD, accounting for 34.8% of the income of the Global TOP 100 mobile game publishers.
The Sensor Tower store intelligence platform shows that in November 2024, 35 Chinese companies made it to the Global mobile game publisher revenue ranking TOP 100, collectively earning 1.87 billion dollars, accounting for 34.8% of the total revenue of the Global TOP 100 mobile game publishers this period.
XD INC (02400) issued approximately 0.0514 million shares due to the exercise of stock options.
XD INC (02400) announced that on December 16, 2024, approximately 5.1 shares will be issued due to the exercise of stock options...
Hong Kong stocks closed (12.16) | The Hang Seng Index fell by 0.88%, with the Aviation/airlines Industry leading the declines, while Cryptos and the High Dividend Concept rose against the trend.
The Hong Kong stock market continued to decline today, with all three major Index falling over 1% during the session. The Hang Seng Index performed the weakest, dropping nearly 2% in the afternoon.