Edited by Li Zedong
On December 22, the three major U.S. stock indexes rose intraday, as of press time, the Dow rose 0.29%, the Nasdaq rose 0.49%, and the S&P 500 rose 0.49%.
It is worth noting that NetEase (NTES) once fell more than 20% at the open, and as of press time, it fell 17.73% to $85.9 per share.
According to the financial report, in the third quarter of this year, the net income of NetEase games and related value-added services was 21.8 billion yuan, an increase of 16.5% year-on-year, and this part of the revenue accounted for 79.9%. In the first three quarters, NetEase's revenue from games and related value-added services was 60.6 billion yuan, a year-on-year increase of 9%.
The gaming sector fell generally, with Bilibili down 4.8% at $11 per share, Sohu down 5.51% at $9.26 per share, Huya Live down 13.61% at $3.12 per share, and Douyu down 3.9% at $0.71 per share.
In addition, popular Chinese concept stocks fell, Good Future fell more than 9%, New Oriental fell more than 7%, Gaotu fell more than 5%, Pinduoduo fell nearly 4%, Alibaba, Baidu, and JD.com fell more than 2%. Nike fell more than 11%.
The market value of Tencent and NetEase Hong Kong has evaporated by more than 460 billion yuan! Tencent has lost one JD.com, and NetEase has lost four B stations
Today, the latest release of the "Measures for the Administration of Online Games (Draft for Solicitation of Comments)" released by the National Press and Publication Administration has sparked heated discussions.
It mentions that online games are not allowed to set inducing rewards such as daily login, first recharge, and continuous recharge, and all online games must set user recharge limits. These regulations may have a direct impact on the daily activity and profitability of the game.
In terms of the market, as of the close of 4 pm on the 22nd, NetEase (HK09999) reported HK$122 per share, down 24.60%, with a maximum decline of 27.94%, with a market value of more than HK$137.5 billion, and Tencent Holdings (HK00700) reported HK$274 per share, down 12.35%, with a maximum decline of 15.67%, and a market value of more than HK$367 billion. Based on this calculation, the market value of the two leading game manufacturers has evaporated by at least more than 504.6 billion Hong Kong dollars (about 460.3 billion yuan).
In terms of market capitalization, Tencent has lost one JD on this day, while NetEase has directly dropped four B stations.
In addition, as of the close of trading at 4 o'clock on December 22, Bilibili (HK09626, stock price of HK$80.30, market value of HK$33.35 billion) fell by more than 10%. Among the game stocks in Hong Kong stocks, including CMGE (HK00302, stock price HK$1.19, market value HK$3.276 billion), XD Company (HK02400, stock price HK$8.99, market value HK$4.319 billion), iDreamSky (HK01119, stock price HK$2.14, market value HK$3.37 billion) fell by more than 10%.
At the same time, a number of listed companies responded quickly, according to incomplete statistics, including Shenzhou Taiyue, Fuchun shares, Kaiying Network, Happy Blue Ocean, Silk Road Vision, Sanrenxing, Hengxin Oriental, Reader Culture, Tors, Huicheng Technology and Rock Mountain Technology, including 11 listed companies responded to the impact on related businesses.
The stock price performance of A-share game companies with a market value of more than 20 billion on December 22 Data source: Wind, change unit: percentage
According to the surging news, in this regard, insiders of the Game Working Committee of the China Audio and Digital Association said that since it is a draft for comments, it shows that all walks of life can speak freely at this stage, so as to make it feasible and more perfect.
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Disclaimer: The content of this article is for informational purposes only and does not constitute investment advice. Investors act accordingly at their own risk.
National Business Daily