Sensor Tower: In September, a total of 35 Chinese manufacturers made it to the top 100 global mobile game publishers revenue list, with a total revenue of $1.91 billion.
In September, several popular mobile games under miHoYo saw varying degrees of growth, with a 33% increase in global revenue in this period, moving up to 3rd place on the revenue list of Chinese mobile game publishers.
Netease's mobile game "Dawn of the Code" will cease operation on December 12th.
On October 16, Gelonhui announced that due to the game's performance falling short of expectations, its hero shooting fair competitive mobile game "Tianqi Action" is scheduled to officially shut down on December 12 this year. At that time, the server will be closed, and players will be unable to log in. This decision to shut down was made after a comprehensive evaluation of market performance and user feedback. "Tianqi Action" started its cross-platform public beta on August 30, with multiple version updates and optimizations.
Express News | netease's new game 'Doomsday Operation' was shut down after only 45 days of operation.
Express News | PDD Holdings Down 4.2%, NetEase Down 3.4%, Baidu Down 3.6%
Major banks' ratings | Goldman Sachs: China's internet-related valuations are still reasonable. Reiterate Tencent as the industry's top choice.
格隆汇October 15th | Morgan Stanley's report pointed out that the valuation of China's internet industry is still reasonable. Due to the time required for supportive policies to be converted into consumer and business confidence, it is believed that the potential upside in profit forecasts for the second half of this year to next year is still uncertain, even for certain cyclical sectors. Revenue growth forecasts for China's internet industry in 2025 remain unchanged, with the firm expecting a 7% increase in mainland e-commerce commodity transactions (GMV), an 8% increase in advertising revenue, a 19% increase in total local service transactions (GTV), and a 12% increase in online travel agency (OTA) revenue. The firm's industry preferences are ranked in the following order.
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.