Hong Kong Stock Market News | Tencent surges more than 4% in the afternoon, rumors of Douyin Live testing "King of Glory"

Tencent's stock rose more than 4% in the afternoon, and as of the time of writing, it has increased by 3% to HKD 288.6, with a turnover of HKD 4.467 billion. According to media reports, an insider close to Tencent's TiMi Studios revealed that TiMi has internally decided to allow top anchor Zhang Daxian from ByteDance to livestream the game "King of Glory". In addition, the livestreaming rights for this game will also be further opened to ByteDance. Both Tencent and ByteDance have not responded to this matter. Previously, market rumors stated that ByteDance's gaming division, Chaoxi Guangnian, is in negotiations with Tencent to sell multiple games, with the teams involved in the sale scattered in Shanghai, Shenzhen, and other places. In addition, Tencent's Interactive Entertainment Group held an internal employee meeting, where management discussed the increase in game licenses, the close connection between games and short videos, and announced the "Spring Shoots Plan" for self-developed projects, aiming to increase research and development resources for new opportunities, new gameplay, and niche games incubation. The management of IEG mentioned during the meeting that there are signs of improvement in the gaming environment, including an increase in game licenses in 2023 and the inclusion of esports in the Asian Games.