Understanding the Market | Why did NetEase open more than 13% higher in early trading?
NetEase opened more than 13% higher in early trading, and as of the time of writing, it has risen by 13.93% to HKD 139, with a turnover of HKD 175 million. According to multiple independent sources, Activision Blizzard has been in talks with several domestic game developers about the "return of the Chinese server," and ultimately chose to re-collaborate with NetEase. In response to the re-collaboration between NetEase and Activision Blizzard, and the introduction of the Chinese version of "World of Warcraft," Activision Blizzard China stated to the media that they have no information or updates to share at the moment. Debang Securities pointed out that there is a good opportunity for the overall growth of the gaming industry, based on the following three reasons: 1) It is expected that the fundamentals of the industry will gradually improve this year; 2) The growth prospects of ARVR and AIGC are very clear, and now is the time to lay out; 3) Policies support the development of the digital economy, cultural industry, and platform economy. It is recommended to pay attention to NetEase and other related companies.
Zhitong App learned that NetEase (09999) opened more than 13% higher in early trading. As of the time of writing, it has risen by 13.93% to HKD 139, with a turnover of HKD 175 million.
On the news front, it has been learned from multiple independent sources that Blizzard has been in talks with several domestic game developers about the "return of the Chinese server." In the end, they chose to re-collaborate with NetEase. In response to the re-collaboration between Blizzard and NetEase and the introduction of the Chinese version of "World of Warcraft," Blizzard China stated to the media that they appreciate the attention, but they currently have no information or updates to share.
Debang Securities pointed out that there is a good opportunity for the overall growth of the gaming industry based on the following three reasons: 1) It is expected that the fundamentals will gradually improve this year; 2) The growth expectations for ARVR and AIGC are very clear, and now is the time to lay out; 3) There is policy support for the development of the digital economy, cultural industry, and platform economy. It is recommended to pay attention to NetEase and others.