HK Stock Market Move | MOBILE GROUP (03738) surged more than 5%, and the process of data elementization is accelerating. The company's value-added business is rapidly growing.

date
07/11/2024
avatar
GMT Eight
VOBILE GROUP (03738) rose more than 5%, as of the time of writing, it rose by 5.41% to 3.31 Hong Kong dollars, with a turnover of 45.3897 million Hong Kong dollars. On the news front, Liu Liehong, Director of the National Bureau of Statistics, previously proposed to continue to adhere to the reform of market-oriented allocation of data elements as the main line, coordinate the promotion of the construction of Digital China, digital economy, and digital society, and accelerate the cultivation of a national integrated data market, and deepen the development and utilization of data to achieve the optimal allocation efficiency and maximize benefits of data resources. Shanxi pointed out that with the intensive introduction of policies related to data elements, the process of marketization of data elements is expected to accelerate. Guosheng Securities pointed out that in the first half of the year, VOBILE GROUP expanded its subscription service capabilities to more copyright categories, the customer base continued to grow, the penetration rate of content libraries steadily increased, and achieved full coverage of rights-protected content in all categories; value-added services grew rapidly, social media monetization capabilities expanded; service content went global, enhancing brand influence in the Chinese market; the customer base in the US market continued to expand, and deepened cooperation with music label customers.

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