China Mobile Games (00302) rose more than 4% in the afternoon. As of press release, it was up 4.03% to HK$1.55, with a turnover of HK$1,818,400.
The Zhitong Finance app learned that China Mobile Games (00302) rose more than 4% in the afternoon. As of press release, it had risen 4.03% to HK$1.55, with a turnover of HK$1,818,400.
Guotai Junan said that with the two games to be released soon, the market will redefine its views on the internal game development capabilities of Chinese mobile games. This marks that the past doubts about China's mobile game's ability to develop its own development will be reversed. Over the past three years, China Mobile Games, famous for prioritizing the quantity of games over the quality of self-developed games, has turned its focus to improving internal game development capabilities.
The bank pointed out that the signs of this transformation are the acquisition and integration of Beijing Wenmai Interactive Technology Co., Ltd., and the expansion of Gypanstar Studio to develop “World of Fairy Swords.” The two upcoming games from these two teams are expected to exceed market expectations and reinforce the newly developed game development capabilities of Chinese mobile games.