Hong Kong Stock Market News | CHINA LIT surges over 7%. The company is one of the producers of the movie "Hot and Spicy". The value of its intellectual property is expected to be released at an accelerated pace.

Zhitong
2024.01.12 01:59
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CHINA LIT surged more than 7%, and as of the time of writing, it has risen by 7.47% to HKD 30.2, with a turnover of HKD 62.5874 million. On the news front, Tencent Cloud recently launched the "Micro Drama Comprehensive Solution," which includes products such as a content cloud-native platform, production data analysis, data-driven operation and management platform, copyright protection system, and content distribution application platform. CSC Securities pointed out that the company previously announced plans to further expand cooperation with Tencent Group in the distribution of short drama projects and cloud services. Considering that five out of the top ten comics in Tencent Animation's revenue in the past three years are adaptations of CHINA LIT's online literature IP, with three of them being middle-waist novels, the bank is optimistic about the synergistic effect between CHINA LIT and Tencent Animation, which will enhance the monetization potential of the company's online literature IP. In addition, Jia Ling released the official poster for her new film "Hot and Spicy" yesterday morning, announcing that it will be released on February 10th, the first day of the Lunar New Year. This news immediately became a hot topic, with keywords such as "Jia Ling loses 100 pounds," "Hot and Spicy release date," and more trending. It is reported that the production lineup of this highly anticipated film "Hot and Spicy" includes Tianjin CHINA LIT Film and Television Culture Media Co., Ltd. and XINLI Media Group under CHINA LIT.

Zhitong App learned that CHINA LIT (00772) has risen by more than 7%, as of the time of writing, it has increased by 7.47%, reaching HKD 30.2, with a turnover of HKD 62.5874 million.

On the news front, Tencent Cloud recently officially launched the "Micro-Drama Comprehensive Solution", which includes products such as a content cloud-native platform, production data analysis, data-driven operation and management platform, copyright protection system, and content distribution application platform. CSC Securities pointed out that the company previously announced further cooperation with Tencent Group in the issuance of micro-drama projects and cloud services. Considering that in the top ten comics in Tencent Animation's revenue in the past three years, five of them are adapted from CHINA LIT's online literature IP, and three of them are middle-waist novels. The bank is optimistic that with the synergistic effect between CHINA LIT and Tencent Animation, the monetization potential of the company's online literature IP will be enhanced.

In addition, Jia Ling released the official poster for her new film "Hot and Spicy" yesterday morning, announcing that it will be released on the first day of the Chinese New Year, February 10th. As soon as this news came out, topics such as "Jia Ling loses 100 pounds", "Hot and Spicy release date", and others surged on the hot search list. It is reported that in the lineup of the highly anticipated film "Hot and Spicy", the production companies include Tianjin CHINA LIT Film and Television Culture Media Co., Ltd. and Xinli Media Group Co., Ltd., a subsidiary of CHINA LIT.

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