Changes in Hong Kong stocks | Yuewen Group (00772) rose more than 4%. The company has abundant IP resources and continues to develop its short drama and comic business

The Zhitong Finance App learned that Reading Text Group (00772) rose more than 4%. As of press release, it had risen 4.43% to HK$20.26, with a turnover of HK$135 million.

According to the news, the AI skit industry has recently welcomed a number of blockbusters. According to data from native AI skits on Douyin, a total of 221,900 AI skits were added from January to June of this year, of which 1,055 had more than 100 million plays and 515.738 billion new plays. The increase in monthly broadcasts in June climbed to 155.78 billion, the highest since the second half of the year. It is worth mentioning that the ByteDance Seed team published an article on the official website today to officially release Seedance 2.5, a next-generation video creation model.

CICC pointed out that the company continues to develop its short drama and comic business. In May, the company officially launched the overseas comic platform ToonScroll. The company plans to launch more than 1,000 comics within the year. ToonScroll positions itself as the “Premium Outbound + Overseas Co-Creation” dual engine. On July 15, the company released two major products: Starting Point Theater and DramaBuddy, a comic assistant. Among them, Starting Point Theater is mainly an AI short drama app, opening up a channel for adaptation and cooperation with over 100,000 IPs. The bank believes that the company is rich in IP resources and is expected to combine AI development to achieve breakthroughs in the short drama and comic business, bringing new revenue and profit growth points.