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<Research Report>Guotai Junan Expects CN Online Game Product Cycle to Quicken amid Intensive License Approval
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China's intensive license approval for both imported and domestic online games in March affirmed the trend of normalizing game license approval and indicated that the industry recovery could be underpinned by an accelerated product cycle, Guotai Junan Securities remarked in a report. The broker selected TENCENT (00700.HK), BILIBILI-W (09626.HK), XD INC (02400.HK) as the sector top picks, with NTES-S (09999.HK) also projected to be a potential beneficiary. Specifically, the report illustrated that, in March 2023, a total of 27 imported games and 86 domestic games were granted publishing licenses. The largely stable number of licenses granted further confirmed the normalization of the game license approval process. AAStocks Financial News |
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