Hong Kong Stock Market News | Zhongxu Future rebounds more than 11%, still trading over 18% below IPO price. The company is a game operator for "Greedy Blue Moon".

According to the Zhongxu Future (09890) rebounded more than 11% on the Intelligent Finance APP, after a cumulative decline of nearly 26% in the previous three trading days. The stock reached a high of HKD 11.44 today, still more than 18% lower than the IPO price of HKD 14. As of the time of writing, it has risen 10.2% to HKD 11.24, with a turnover of HKD 3.67 million.

It is reported that Zhongxu Future operates the online game publishing business under the brand "Greedy Game". As of the end of April this year, "Greedy Game" has marketed and operated more than 310 game products, including 11 game products that have been in operation for more than five years and 28 game products that have been in operation for more than three years. The most well-known game product of Greedy Game is "Greedy Blue Moon".

Anxin International previously pointed out that the company has precise marketing strategies, efficient and high-quality operating methods, and brand development capabilities. China has been the leader in the online game market since 2015. The market share of mobile games in the Chinese online game market is further increasing, from 75.1% in 2018 to 83.3% in 2022, and may reach 87.5% in 2027.