Orient: The product has transitioned from a skin change to a long cycle, enhancing the certainty of growth in the Industry.
Orient released a Research Report stating that the game Industry has strong resilience against macroeconomic headwinds in the long term, with a year-on-year growth of 18% in the domestic game Industry in Q1 2025, significantly outperforming the 4.6% growth in social zero.
Are mini-games becoming a "big cake"? Major companies are competing for the 40 billion "new blue ocean".
① Industry forecast indicates that the mini game market is expected to exceed 60 billion yuan by 2025. ② Currently, Tencent, leveraging its first-mover advantage in the WeChat ecosystem, holds a significant lead in the market. The strong entry and relentless pursuit by major companies like ByteDance and Kuaishou have also made this blue ocean rapidly heat up.
[Brokerage Focus] HTSC: The gaming Industry is showing marginal improvements in prosperity, the policy environment is positive, and some key products are performing strongly.
Jinwu Financial News | HTSC stated that recently Beijing, Guangdong, and Zhejiang have successively introduced supporting policies related to games, and the supply of game approval numbers continues to increase. The overall game market data has shown excellent performance, with the revenue of the Chinese game market growing by 17% year-on-year from January to May 2025, primarily due to the long-term operation of block order products and contributions from new releases, which represents a marginal improvement compared to the industry's growth rate of 7.5% in 2024. In addition, several key companies have had strong performances with multiple products recently, and there is a rich reserve of key products for the future. This institution believes that the industry is expected to welcome a dual increase in performance and valuation.
XD INC (02400) issued a total of 0.0222 million shares due to the exercise of stock options.
XD INC (02400) issued an announcement that due to the eligible participants according to the company's adoption on June 25, 2021...
Hong Kong Market Quick Look | The Hong Kong stock market closed the first half of the year with the Hang Seng Index gaining over 20% and the Technology Index rising nearly 19%. Network Technology stocks showed mixed results today, with Meituan dropping ov
Network Technology stocks show mixed results, with MEITUAN-W down 3.17% and Alibaba-W down 2.05%; gold stocks mostly fell, with LINGBAO GOLD up 4.37% and CHINAGOLDINTL down 2.54%; Mobile Game stocks mostly declined, with ZX INC up 5.77% and TENCENT down 1.95%.
Hong Kong stock fluctuation | XD INC (02400) closed up over 4%. The overseas performance of "Yise" and "RO" is impressive, and Institutions have raised profit forecasts.
XD INC (02400) rose more than 4% in the final hours of trading, as of the time of writing, it is up 3.79%, priced at 47.9 HKD, with a turnover of 0.103 billion HKD.
Sensor Tower: Tencent's (00700) "Honor of Kings" continues to hold the top spot in global mobile game revenue rankings for May, while "Endless Winter" jumps to second place.
In May, among the top 10 global mobile game revenues, Tencent's (00700) "Honor of Kings" continued its strong performance from the previous period, remaining the top in global mobile game revenue, while "Whiteout Survival" followed closely behind, jumping to second place.
CICC: The Internet industry is at the starting point of a new round of expansion.
China International Capital Corporation stated that the Internet Industry has undergone a contraction period focused on cost reduction and efficiency improvement for more than two years, and the financial status has generally recovered. Since 2025, the industry has clearly entered a new investment cycle, with hot topics such as AI, going global, and instant retail.
Express News | The National Press and Publication Administration: A total of 147 domestically produced games were approved in June.
Express News | The National Press and Publication Administration: 11 imported online games were approved in June.
Hong Kong Stock Midday Review | The three major Indexes opened low and rose, with the technology Index closing flat; semiconductor stocks rose, HUA HONG SEMI increased by over 7%; new consumption Concept stocks warmed up, with Lao Pu Gold rising by over 7
Network Technology stocks generally declined, with Alibaba-W down 1.61% and JD-SW down 1.43%; restaurant stocks rose across the board, with Little Garden up 10.73% and DPC DASH up 4.87%; shipping and port stocks rose as well, with PACIFIC BASIN up 20.30% and Dexion Ocean up 5.78%.
Report: In May, the scale of China's gaming market reached 28.051 billion yuan, an increase of 9.86% year-on-year.
Gelonghui June 20 | Gamma Data released the "May 2025 Monthly Report on China's Gaming Industry (Complete Version)". In May 2025, China's gaming market size reached 28.051 billion yuan, a year-on-year increase of 9.86% and a month-on-month increase of 2.56%. New products, second products, and mature products all contributed to the growth.
According to Gamma data: In May, the scale of China's gaming market was 28.051 billion yuan, a year-on-year increase of 9.86%.
In May 2025, the size of the Chinese gaming market reached 28.051 billion yuan, a year-on-year increase of 9.86% and a month-on-month growth of 2.56%.
XD INC (02400) issued a total of 0.235 million ordinary shares due to the exercise of stock options.
XD INC (02400) announced that due to eligible participants according to the company's adoption on June 25, 2021...
Beijing plans to promote the development of the esports industry, with gaming company projects included in the support scope and investments rewarded up to 30 million yuan.
The Beijing Municipal Committee's Propaganda Department and others issued a notice on the "Support Measures for Promoting the High-Quality Development of the Game and E-sports Industry in Beijing (Temporary)". This will be implemented from the date of release, with a validity period of three years. It mentions improving review quality and efficiency, perfecting copyright service mechanisms, strengthening support for high-quality creative works, incentivizing the application of technological innovation, guiding industry cluster development, supporting the organization of events, aiding venue construction and operation, encouraging and supporting overseas development, enhancing talent team building, reinforcing the guidance of positive values, and strengthening the implementation of policies and organization. Regarding the enhancement of support for high-quality creative works, an implementation of the Beijing Online Game Quality Publishing Project has been organized.
More shocking than we imagined! "Silicon Valley venture capital father" Hoffman deeply analyzes the current trends in investment and Technology in Silicon Valley.
Smart investors do not bet everything on one technology; they diversify their investments and place bets on different possibilities.
Market summary | All three major indices fell, with the tech index down 1.46%; energy and gold stocks rose against the trend, with Shandong Molong Petroleum Machinery up over 8% and TONGGUAN GOLD up over 7%.
Network Technology stocks weakened, with MEITUAN-W down 3.48% and Bilibili-W down 2.79%; real estate developer stocks declined, with CHINA RES LAND down 3.55% and LONGFOR GROUP down 3.03%; Digital Health stocks fell, with Dingdang Health down 3.33% and ALI HEALTH down 3.18%.
Open-source securities: Under the resonance of supply and demand, the gaming industry may enter an upward cycle of prosperity, and the expansion of gaming overseas may further open up growth space.
The gaming Industry remains highly prosperous, with resonating user sentiment consumption demand and game supply release; the "Several Measures on Supporting Game Export" from Zhejiang Province may further open up growth space for game exports.
Zhongjin: Raised the Target Price of XD INC (02400) to HKD 55.5, rating 'Outperform the Industry'.
CICC's Xindong launched the international version of 'Ease' on June 5, showing impressive early revenue performance.
Hong Kong stocks fluctuate | XD INC soared by 10%, with outstanding overseas performance of "Ethereal" and "RO".
Gelonghui June 16 | Hong Kong stocks in the Mobile Game sector saw a general increase today, with XD INC (2400.HK) rising by 10% at one point to 46.95 Hong Kong dollars, setting a new high since December 2021. In terms of news, the company launched the international version of "Yithe" on June 5, and the early revenue performance has been impressive. The newly launched "Ragnarok RO" original server for 1H25 has also performed well in the Hong Kong, Macau, and Taiwan regions as well as Southeast Asia. CICC recently released a Research Report indicating that the international version of "Yithe" has performed excellently, and the core drivers for performance in 2H25 are expected to be the domestic version of "Yithe" and the overseas version of "XD Town." 1) The international version of "Yithe" was launched on June 5.