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Hong Kong stocks fluctuate | xd Inc (02400) rose by more than 4%, and the performance of "Let's Go, Muffin" on the TAPTAP platform is impressive, which raises growth again.
According to the WiseFinance app, XD Inc. (02400) surged over 4% in the afternoon, rising 3.87% to 20.4%, or HKD 71.55 million, at the time of publication. As for news, the company's self-developed leisure-themed AFK game "Let's Go Muffin" will be tested for domestic use on May 15, 2024. According to 7mai data, "Let's Go Muffin" has steadily climbed up in the iOS best-sellers list, ranking in the Top10 as of June 11. It is reported that the game performed well in its Hong Kong, Macao and Taiwan versions, which were launched on January 23, and that it was crowned multiple times in February, according to Sensor Tower.
Game stocks collectively rise, with xd inc (02400) up 5.16%. Institutions predict that the industry will continue to maintain its prosperity.
Jingu News | Gaming stocks collectively rise, with Digit Hollywood (02022) up 6.67%, XD Inc (02400) up 5.16%, Feiyu (01022) up 4.08%, Homeland ITL (03798) up 3.91%, NetDragon (00777) up 3.17%, Kingsoft (03888) up 1.57%, and Tencent (00700) up 1.19%. Central China Securities stated that on June 5th, the State Administration of Press, Publication, Radio, Film, and Television issued the third batch of import game licenses since 2024. To date, five batches of domestic game licenses have been issued for 2024, with a total of 52.
Hong Kong stocks surge | XD Inc (02400) rose more than 6%, leading the way in game stocks. Key games will be launched successively in the second half of the year, driving AI-driven transformation in the gaming industry.
Gaming stocks rebounded in early trading. As of press time, xd inc (02400) rose 6.37%, closing at HKD 19.38; netdragon (00777) rose 3.5%, closing at HKD 12.42; bilibili-W (09626) rose 2.17%, closing at HKD 113; kingsoft (03888) rose 1.96%, closing at HKD 26.05.
Brokerage Focus: Open Source Securities: The Game Industry Transformation Driven by AI is Gradually Approaching
Open Source Securities stated that it will issue 15 import game licenses in June 2024, and 'Fearless Contract: Source Energy Action' has obtained a license. 'DNF Mobile' and 'Let's Go, Muffin' are performing well, and top products are expected to continue to contribute to the industry's incremental growth. According to the gaming news, Perfect World is developing two AI games: 'AI Apartment: Virtual Testimony' and 'AI Investigation Collection.' 'AI Apartment: Virtual Testimony' is the world's first script-based game driven by GPTAI. Apart from the story, all content is produced with the participation of AI, including video and is now available on Steam and TapTap.
Hong Kong stocks anomaly | xd inc (02400) rose nearly 3% at the end of the day, with excellent performance of self-developed new games and expected to drive TapTap activity.
According to the news from the Wisdom Finance APP, XD Inc. (02400) rose nearly 3% at the end of the day. As of press time, it rose by 2.87% to HKD 20.45 with a turnover of HKD 49.7589 million. Recently, XD Inc. released a self-developed placement game called "Let's Go Muffin", which has performed well and entered the top 10 best-selling list in China in the first week of launch according to Qimai. As of May 28th, the product has reached the fourth place in the best-selling list, second only to "Dungeon and Warriors: Origin", "King of Glory" and "Peace Elite". It is reported that the product was launched in the China, Hong Kong and Taiwan markets in January 2024.
Zheshang Securities: Market size is increasing instead of decreasing. The current gaming sector is in a good position for investment opportunities on the left-hand side.
The gaming sector is currently in a good position for investment opportunities on the left side. At the same time, considering the important catalyst in June, we are focusing on the gaming sector.
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