No Data
No Data
No Data
A quick look | Q3 china's gaming industry revenue reached 91.766 billion yuan, hitting a record high.
Gamma Data and Game Committee jointly released the Q3 China Gaming Industry Report.
【Brokerage Focus】Bocom Intl maintains a buy rating on Netease (09999), expecting mobile games to face pressure in the third quarter.
Golden Horse Financial News | Bocom Intl releases Netease (09999) 3rd quarter performance outlook, expecting a 4% year-on-year decrease in total revenue to 26.3 billion yuan (RMB, the same below), and an estimated adjusted net income of 7.4 billion yuan. The bank predicts that the PC games year-on-year growth rate will turn positive, while mobile games will decline due to the impact of last year's high base. 'Fantasy Westward Journey' PC game has stopped declining month-on-month, with year-on-year fluctuations offset by the return of 'World of Warcraft' national server and the launch of 'Seventh World', achieving a year-on-year growth in PC game total revenue. Based on game revenue fluctuations, the bank has lowered its 2024 revenue/profit forecast by 2%/3%, influenced by the launch cycle of popular games, Netease's mobile.
Express News | U.S.-Listed Shares of Chinese Firms Fall Tracking Declines in Domestic Stocks
Express News | Ishares MSCI China ETF Down 2.8%, Kraneshares CSI China ETF Down 4.3%, ishares China Large-Cap ETF Down 3.1%
Express News | Li Auto Down 4.7%, JD.com Down 6.4%, NIO Down 3.8%, Xpeng Down 2.5%
Express News | PDD Holdings Down 4.2%, NetEase Down 3.4%, Baidu Down 3.6%