HK Stock Market Move | KINGSOFT (03888) drops nearly 7% again. Its new game "Release Limit Machine" officially begins open beta testing. The market is paying attention to the performance of the new game.

KINGSOFT (03888) plummeted nearly 10% yesterday, fell by another 7% in early trading today, and as of press time, dropped 5.68% to HK$34.85, with a turnover of HK$6.53 billion. On the news front, the sci-fi mech action shooting multiplayer game "Boundless" developed by KINGSOFT's subsidiary Seasun has officially started public beta testing. It is worth noting that during the testing period, the peak number of concurrent users on Steam exceeded 317,000, and on the first day of public beta testing, the peak concurrent users for the game on Steam exceeded 130,000. Morgan Stanley previously released a research report stating that overall, the feedback on "Boundless" from early testing at the beginning of the year was mixed, and Seasun spent three months making adjustments. Due to the lack of high-frequency total sales data for PC games, the ranking on Steam's global best-selling list after listing may be the most important indicator. Morgan Stanley predicts that if "Boundless" ranks 10-20 on Steam's global best-selling list, the group is confident of contributing RMB 500 million in revenue by 2025.