These stocks will benefit from Black Myth: Wukong's monster performance [Yahoo! Finance]
TENCENT HLDIGS LTD (TCTZF)
Company Research
Source: Yahoo! Finance
Not only does the game's success prove the game's quality, but it also serves as a catalyst for a number of industry sectors, such as gaming hardware and e-commerce. Several stocks stand to benefit from the game's impressive performance, as per analysts at Citi Research. “We expect the title should attract a relatively higher mix of hardcore gamers relative to other tactical and casual/platform-based games,” the analysts said. Tencent Holdings (OTC:TCEHY) Limited, which owns a 5% stake in Game Science (the developer of Black Myth: Wukong), stands to gain directly from the game's success. Apart from its equity stake, Tencent's ecosystem, including cloud services and social media platforms, supports the game's distribution and marketing. WeChat and QQ, where game-related content has seen massive traffic spikes, could further benefit from the game's success as Tencent cements its dominance in the Chinese gaming industry. Alibaba (NYSE:BABA)'s Tmall platform has seen a dramat
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