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%
Hong Kong stock market morning report on October 15: US-listed china concept stocks generally fell, Huang Tianyou appointed as the Chairman of the Hong Kong Securities and Futures Commission.
1. Federal Reserve Board member Waller stated that interest rates may be cut earlier if inflation falls below 2%. 2. OPEC has lowered its oil demand growth forecast for the third consecutive month, leading to a more than 2% decline in international crude oil futures prices. 3. The newly appointed Chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, stated that he will foster a sustainable and active capital market. 4. The three major U.S. stock indexes all closed higher, while china concept stocks in the popular sector generally declined.
U.S. stocks closed: S&P, Dow hit new all-time highs again, while the Chinese concept stock index fell by more than 2%.
1. China concept stocks were generally down, with the Nasdaq Golden Dragon Index falling by 2.09%; 2. Media revealed: Tesla's Optimus was remotely controlled during the press conference; 3. The Qualcomm Snapdragon 8 Gen4 chip is highly bullish; 4. Adobe launched the Wensen video AI model, challenging OpenAI and Meta.
Shares of US-listed Chinese Stocks Are Trading Lower on Continued Weakness Amid Stimulus Uncertainty.
Destiny: Rising Is Bungie's New Mobile Game Published by NetEase Games
Express News | Kraneshares CSI China ETF Down 1.1%
Express News | PDD Holdings Down 3.6%, NetEase Down 2.2%, Baidu Down 3.3%
Express News | U.S.-Listed Shares of Chinese Firms Fall as Latest Domestic Stimulus Promises Fail to Impress
Express News | Alibaba Down 1.6%, Bilibili Down 2.4%, Tencent Music Entertainment Down 1.7%
Goldman Sachs Raises China Economic Growth Forecasts
Instant View: Investor Reactions to Briefing From China's Finance Ministry on Stimulus
US stocks closed: on the two-year anniversary of this bull market, the S&P and Dow hit new highs, while Chinese stocks collectively strengthened.
①The s&p 500 index welcomes the second anniversary of the bull market, historically breaking through the 5800-point integer mark for the first time on Friday; ②The nasdaq china golden dragon index has closed higher for two consecutive days; ③Tesla tumbled by 8%, while uber technologies and Lyft strengthened; ④Boeing announced a 10% workforce reduction.
Is NetEase Inc. (NTES) the Ultimate Investment Play in the Booming Mobile Gaming Market?
Express News | Ishares MSCI China ETF Down 1.8%, Ishares China Large Cap ETF Down 1.7%, Kraneshares CSI China Internet ETF Down 1.9%
Express News | Alibaba Down 1.7%, PDD Holdings Down 1.1%, NetEase Down 1.2%, Baidu Down 2%