Source: Zhitong Finance "Since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%)." With the rebound of the stock market, the old adage "Sell in May and Go Away" seems to have been a bad advice once again. Last month, the S&P 500 index rose 4.8%, the best May performance since 2009. The NASDAQ 100 index rose nearly 6.2%, and the NASDAQ Composite Index rose 6.9%. Goldman Sachs FICC & Equities Trading Division said: "History doesn't really support this saying. Don't sell, leave the market (go on vacation), and enjoy the good times." The rising trend is still to be continued? If history is any guide, it may indicate that the rise of the stock market is not over yet. Looking ahead to the rest of 2024, Scott Rubner, Managing Director of the Goldman Sachs Global Markets Division and tactical expert, pointed out the following historical background for investors. Rubner stated that the S&P 500 index has risen 10.7% year-to-date, and since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%). "Since 1950, the median return of the last 7 months of each year (June 1 to December 31) is 5.4%. In the aforementioned 21 cases, the average performance of the last 7 months increased to 8.1%." Rubner added. Rubner also pointed out that the NASDAQ index has risen for 16 consecutive Julys, with an average return of about 4.64%.
In May 2024, a total of 40 Chinese companies made it to the TOP100 list of global mobile game publishers, with a total revenue of 2.11 billion US dollars, accounting for 39.7% of the revenue of the TOP100 mobile game publishers in this period.
Sensor Tower Store Intelligence data shows that a total of 40 Chinese companies made it to the TOP100 list of global mobile game publishers in May 2024, with a total revenue of 2.11 billion US dollars, accounting for 39.7% of the revenue of the TOP100 mobile game publishers in this period.
Top 30 Chinese mobile game publishers by revenue.
The long-awaited mobile game adaptation of the classic IP Dungeon Fighter Online, titled Dungeon and Fighter: Origin, was released on May 21 and immediately took over the top spots of the domestic iPhone overall and mobile game best-seller charts. In the last 11 days of May, the game's revenue in the domestic iOS market exceeded the total revenue of Honor of Kings and Peacekeeper Elite, achieving 12% growth in mobile revenue. As of the publication date, the game has been steadily topping the domestic iPhone overall best-seller chart for 28 consecutive days, making it the most popular mobile game in the past years. After years of anticipation, this game that has accompanied countless players during the period of online games has finally returned in glory.$TENCENT (00700.HK)$Due to the widespread implementation of privacy policies such as Apple IDFA and Google Advertising ID in recent years, the revenue of heavy mobile games worldwide has continued to decline, shrinking by 5.9% in the past year, with the proportion of revenue from in-app purchases in the global mobile game market shrinking from 73% five years ago to 60% now. On the other hand, the COVID-19 pandemic has brought a huge number of casual gamers to the mobile game market. As these gamers develop paying habits, they are becoming a new force of consumer power. In the past year, the revenue from in-app purchases of global casual mobile games has increased by 14.6%, while the revenue from in-app purchases of mixed casual mobile games has surged by 44.4%. Last War ingeniously combines the current popular end of the world theme and casual arcade gameplay into an SLG mobile game framework, catering to the current market trend in terms of game design and advertising placement.
Thanks to the continuous revenue growth of its products such as Puzzles & Survival, Puzzles & Chaos: Frozen Castle, and Ant Legion: For The Swarm, 37 Interactive Entertainment Network Technology Group's mobile game revenue increased by 11% month-on-month in May, and its ranking rose 2 places to number 6 on the list.
JoyNet, which successfully launched Mushroom Warrior Saga, released mixed casual shooting mobile game Zombie.io: Potato Shooting in the European and American markets at the end of April. Potatoes, zombies, and shooting elements have inherent traffic attributes in the European and American markets. Zombie.io, based on classic elements, injects hero teaming and equipment systems to enhance the game's depth. Currently, the game has a player satisfaction rate of over 90% in mainstream European and American markets, and its in-app purchase revenue is steadily increasing, making it a potential hit mobile game under the publisher's banner.
Lemon Fun, a publisher focusing on the merger mobile game race, increased its revenue by 9% month-on-month in this period, setting a new record again, and its ranking rose 1 place to number 12 on the list. In addition to winning the championship of the global merger mobile game revenue list for 7 consecutive months, Lemon Fun's monthly active users of merger mobile games have also maintained a high growth rate of more than 10%, demonstrating strong revenue potential.$37 Interactive Entertainment Network Technology Group (002555.SZ)$Kuro Games' open-world RPG game, Mingchao, was simultaneously launched on multiple platforms worldwide on May 23, immediately topping the mobile game download charts in multiple markets such as the United States, Japan, and South Korea, and ranking second in the Chinese market after Dungeon and Fighter: Origin, becoming the most anticipated original second-dimensional mobile game of this year. According to Sensor Tower user insight data, 45% of the game's players in the US and Japan also play Honkai Impact 3. Nevertheless, after the release of Sub-pool 1.0 on June 6, Mingchao hit its first revenue peak, surpassing its performance in the first week of release. In three weeks, the game has been downloaded 9 million times on global App Store and Google Play, with revenue exceeding $50 million, more than 70% of which comes from overseas markets.
Thanks to its products such as Puzzles & Survival, Puzzles & Chaos: Frozen Castle, and Ant Legion: For The Swarm, 37 Interactive Entertainment Network Technology Group's mobile game revenue increased by 11% month-on-month in May, and its ranking rose 2 places to number 6 on the list.
In May 2024, a total of 40 Chinese companies made it to the TOP100 list of global mobile game publishers, with a total revenue of 2.11 billion US dollars, accounting for 39.7% of the revenue of the TOP100 mobile game publishers in this period.
Top 30 Chinese mobile game publishers by revenue.
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With the end-of-world survival theme, Roguelike gameplay, and humorous style, "Shoot the Zombie - Zombie Apocalypse" has steadily increased its active users and revenue since its launch in January in China. In May, it has steadily held the top spot on the best-selling list of domestic iPhone leisure games. The corresponding income of Shengchang Network this period increased by 79% compared to the previous period, and for the first time entered the 25th place in China's mobile game publisher revenue rankings.
The card turn-based mobile game "Journey to the West: Hand-Drawn Western Journey" officially entered the public beta in mid-May. Based on the classic theme of Journey to the West, the game is innovative and brings players a brand-new experience through Chinese animation-style animations and post-Journey to the West storyline, with over 90% positive reviews. For the month of May, the publisher Changyou's income increased by 142% compared to the previous period, and ranked 36th in China's mobile game publisher revenue rankings.
Outside the list, the Chinese mobile game publishers that made it to the top 100 in global revenue rankings are, in order: Luzhu Games, Tap4Fun, Youku Shengshi, Jingsai World, Hortor Games, Changyou, Youka Network, Le Dou Games, Yalla Technology and Zhiming Star Communication, for a total of 40 companies.
Top 20 mobile game revenue rankings on the China App Store
Apart from the newly listed games in this period, "DNF: Origin" and "Shoot the Zombie - Zombie Apocalypse", as well as the greatly growing "Arknights" and "Journey to the West: Hand-Drawn Western Journey", other games that performed excellently this period are "The Chosen One Battle" and "Naruto".
"The Chosen One Battle" launched multiple mythical little heroes in May, and with the official return of "Double City Legend" on May 30, its monthly income increased by 16%, making it the second highest month in terms of revenue ranking since its listing, second only to January in this year.
"Naruto" released a brand new version on May 16. The rich content of new ninjas, new outfits, new psychic beasts, and new storylines effectively boosted the game's revenue. Its income in May increased by 54% compared to the previous period, the highest in revenue for the past 8 years.
Editor/Jadyen