Jefferies: Tencent Video Accounts Show Stellar Results during CCTV New Year Gala; Drama Series Receive Positive Response

Tencent's Video Accounts logged impressive performance in the live-streaming of the CCTV New Year Gala, amassing 190 million viewers, ahead of 120 million viewers in 2022, reported Jefferies.

Also, "Punch Out" and "Three-Body" -- drama series developed by iQIYI and TENCENT have also received positive feedback. Additionally, Jefferies estimated that, the iOS game grossing in China should show positive trends in the period leading up to the 2023 Chinese New Year holidays and the first few days of the holidays, compared to that in the corresponding periods in 2022.