The craze of "Black Myth: Wu Kong" drives a 21% monthly increase in gaming market revenue in mainland China in August.
China Audio-Video and Digital Publishing Association Gaming Committee released the Monthly Report on China Game Industry in August 2024, showing that in August, "Myth of Darkness: Wukong" brought significant growth to the console and PC gaming market, and there was also a noticeable increase in revenue from mobile games during the summer vacation period. Both the annual and monthly growth of the domestic gaming market were significant. In August, the revenue of the domestic gaming market was 33.64 billion yuan, a year-on-year increase of 15.1% and a month-on-month increase of 21.01%.
In August, China's gaming market revenue was 33.64 billion yuan, a year-on-year growth of 15.10%.
On September 20, china Audiovisual and Digital Publishing Association Game Committee released the August 2024 Monthly Report on China's Game Industry.
Hong Kong stocks surged, with the Hang Seng Index closing up 1.43%; biomedical stocks rallied significantly in the late trading session, with Wuxi Apptec up nearly 12%.
The three main stock indexes in Hong Kong surged in the morning, with a significant increase, and the gains slightly narrowed in the afternoon but overall remained strong. At the close, the Hang Seng Index and the H-share Index rose by more than 1%, while the hang seng tech index increased by 1.43%, surging to 2.5% at one point during the day. All three major indexes continued their upward trend, setting new highs in the recent rebound.
After a long period of accumulation, Hang Seng Technology Index is accelerating its rise! Both Meituan and Alibaba have reached new highs for the year. Is it the right time to make a move?
Under the strong performance of the US stock market, although the interest rate cut may not necessarily lead to a large-scale inflow of global funds into the Hong Kong stock market, at least the upward trend of the RMB exchange rate means that one of the important external factors that has suppressed the Hong Kong stock market for two years has been resolved.
Hong Kong stock market noon review | Hong Kong stocks continue to rise, the technology index rose nearly 2%! Network technology, auto stocks, and golden industrial concept stocks are all up, xpeng autos rose 8%
Network technology stocks rose together, Sensetime-W rose by 5.45%, Alibaba-W rose by 2.45%; digital health stocks rose, JD Health rose by 4.09%, Ali Health rose by 3.68%; golden industrial concept stocks strengthened, Zhaojin Mining rose by 3.26%, Chinagoldintl rose by 2.48%.
Midday Recap | Hong Kong stocks continue to surge! The Hang Seng Index is up more than 2%; network technology and automotive stocks are performing well, with xpeng rising by about 10% and alibaba reaching a new high in over a year.
Most network technology stocks rose, with SenseTime leading the gains with a more than 6% increase, Bilibili up nearly 4%, Alibaba up more than 3%, Meituan up nearly 3%, Netease and JD.com up more than 1%, and Tencent up nearly 1%.
Hong Kong concept tracking | "Black Myth: Wukong" Steam sales revenue nearly 6.8 billion yuan, market attention on the game sector valuation repair (with concept stocks)
The Steam sales of the game 'Black Myth: Wu Kong' have exceeded 20 million copies, with a total revenue of nearly 6.8 billion yuan.
US stocks close | Nasdaq rose 2.5%, Dow Jones, S&P hit record highs; chip stocks, Chinese concept stocks shine, Tesla rose more than 7%, Nvidia rose nearly 4%
The US unemployment benefits data strengthens expectations of an economic soft landing, with the Dow Jones breaking the 0.042 million point mark for the first time and the S&P closing above 5700 points for the first time. The Nasdaq rose 3% at one point, the chip index rose 5.7% at one point, the bank index rose nearly 3%, and the Chinese concept index rose over 4%.
Shares of US-listed Chinese Stocks Are Possibly Trading Higher Ahead of Expectations That the People's Bank of China Will Cut Rates. Also, the Sector May Be Experiencing Strength After the Fed Cut Rates by 50 Basis Points.
US stocks are volatile | Chinese concept stocks collectively rise alibaba(BABA.US) up more than 3%.
Chinese concept stocks are collectively rising, as of the time of publication, Alibaba's stock has risen more than 3%.
Express News | Ishares China Large Cap ETF up 2.9%, Kraneshares CSI China Internet ETF up 3.6%
Express News | Alibaba up 4%, PDD Holdings up 3.7%, NetEase up 2.6%, Baidu up 3.2%
Express News | Li Auto up 3%, JD.com up 5.9%, NIO up 5.4%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket as Domestic Stocks Close Higher After Fed Rate Cuts
Hong Kong stocks continued to rise strongly in the afternoon! The Hang Seng Index and the H-Share Index rose more than 2%, while the Technology Index surged more than 3%; large technology stocks are all performing well, with jd.com up more than 7% and Mei
The three major stock indexes in Hong Kong rose unilaterally throughout the day, with a surge in market bullish sentiment. The Hang Seng Tech Index continued to climb in the afternoon, leading the way with a sustained increase of 3.8%, ultimately closing significantly higher at 3.25%, reaching a two-month high. The Hang Seng Index and the Mainland China Stock Index rose by 2% and 2.1% respectively.
SensorTower: "Whiteout Survival" steadily occupies the top spot on the overseas mobile game revenue chart.
Sensor Tower, a store intelligence platform, released the revenue and download rankings of Chinese mobile games in the overseas market in August 2024.
Netease-S (09999.HK): steady gaming; expected growth driven by PC games in the second half of the year; repurchase has accelerated
Q2 mobile game growth outperformed the industry and performed well. According to the financial report, Netease's Q2 revenue was 25.5 billion, YoY +6%; operating profit was 7 billion, YoY +15%. Q2 game and value-added business revenue YoY +6.7% to 20.1 billion, gross margin YoY +2.6pct to 70%, further improving at a high level. In terms of components, mobile game revenue was 14.7 billion, YoY +16%, client game 4.55 billion flat YoY, value-added business 0.78 billion YoY -50% (CC live broadcast adjustment). Mobile game double-digit growth continues to outperform the industry (mobile game industry Q2 YoY -5.7%), according to DooDoo data, Q2 "Dream Journey" and "Identity V" showed strong YoY growth, "Nishuihan Mobile Game" contributed YoY growth, but "Egg Baby" declined significantly. According to the deferred backtest, Q2 achieved a YoY growth of 5% in revenue, which is already good in Q2 with fewer new products.
Sensor Tower: In August, Chinese manufacturers accounted for 37.3% of the revenue of the top 100 mobile game publishers in the world.
Sensor Tower's Store Intelligence platform shows that in August 2024, a total of 34 Chinese manufacturers made it to the top 100 global mobile game publishers' revenue list.
The U.S. stock market hit a new high again, with Chinese concept stocks and cryptos surging! Waiting quietly for the "crucial moment".
After the overnight Dow Jones Industrial Average and S&P 500 index hit new highs in intraday trading, the Japanese stocks also opened strongly.
Futu Morning News | Rate cut countdown! US stocks continue to break records; Bank of America: Long the seven giants of US stocks is still the most crowded trade.
"New美联储通讯社": The situation is complex, and there are still doubts about the magnitude of the Fed's first rate cut; if the Fed's first cut is done "properly", the record-breaking betting on a significant rate cut may face huge risks; Apple's iPhone 16 series pre-order sales in the first weekend fell short of expectations, analysts: the long-term outlook remains optimistic.