Discover the latest innovative investment research assistant and immediately experience Tencent’s major game products that have obtained approval numbers. On October 25th, the National Press and Publication Administration’s website announced the approval information for domestic online games in October 2024, with a total of 113 domestic online games receiving approval numbers. Concurrently, the approval numbers for imported online games were updated, with 15 imported online games receiving approval numbers, including Tencent’s key products such as ‘Victory Goddess: New Hope’ and ‘Burst Squad’.
This year, the number of approval numbers for domestic online games has surpassed a thousand, with 113 games released this time, including 104 mobile games (including 50 mobile casual puzzle games), 5 mobile and client games, 2 client games, 1 mobile and web game, and 1 mobile and client and gaming console (XBOX) game.So far this year, the issuance of approval numbers for domestic online games has been steadily increasing. Except for April and May, the approval numbers for domestic online games issued per month have always been over a hundred. According to statistics, 959 approval numbers for domestic online games have been issued in the first nine months of this year. Including the 113 issued in October, the total number of approval numbers for domestic online games this year has reached 1072, significantly exceeding the same period last year. Additionally, with the issuance of 15 new approval numbers for imported online games, the total number of approval numbers for imported online games this year has increased to 90.
Several listed gaming companies’ products have also received approval numbers this time. Examples include ‘There Must Be a Demon Here’ by 37 Interactive, ‘Black Dragon Storm’ by Kaiying Network, ‘Convenience Store Opening Diary’ by Thunder Network under Gibit, ‘Once Upon a Time There Was a Mountain of Flowers and Fruit’ by FunPlus, ‘Three Kingdoms Look at the Divine Land’ by Kuaishou, ‘Brave to the Peak’ by Chanyou Technology, ‘Bright Memory: Infinity’, ‘Vital Hundred Sounds’, and ‘Yuan Tour Army Chess’ by Zhongqingbao. On the evening of October 25th, many gaming companies announced the news of obtaining approval numbers through social platforms, with some game companies even feeling quite surprised. For instance, Guangzhou Tianti Network’s highly anticipated game ‘Mimimimihar’ started testing on October 24th, and the game’s official statement mentioned receiving the news of the approval number being issued during the ‘test unexpectedly’.
According to the ‘China Game Industry Quarterly Report for July-September 2024’ published by Gamma Data, the actual sales revenue of the Chinese game market in the third quarter of 2024 reached 91.766 billion yuan, with a quarter-on-quarter increase of 22.96% and a year-on-year increase of 8.95%, setting a historical record. The rich supply of game products is expected to further boost the game market. Among the products approved this time, there are also many highly anticipated products such as ‘Victory Goddess: New Hope’. The publisher and operator of this game are both Migu Interactive Entertainment Co., Ltd.
Victory Goddess: New Hope is a new dimension idle shooter game set in the realm of anime-style gaming. Players assume the role of a commander, leading a team composed of Nijis to combat external invading forces and reclaim the earth that rightfully belongs to humanity. Previously, the game was launched overseas under the name Victory Goddess: Niji. Developed by Shift Up, a South Korean studio invested in by Tencent, Victory Goddess: Niji has been mentioned multiple times in Tencent’s financial reports. In the 2022 Q3 report, Tencent highlighted the launch of a sci-fi themed role-playing shooter game infused with anime elements, Victory Goddess: Niji, which ranked first globally in terms of revenue among all mobile games after its release. Tencent stated that this demonstrated the company’s ability to leverage its publishing expertise and resources to support small creative teams. In the 2022 annual report, Tencent mentioned a 3% increase in international gaming revenue to 46.8 billion yuan, primarily due to the sustained strength of VALORANT, the successful launch of Victory Goddess: Niji, and the incremental revenue brought by Nightfall. In the 2023 annual report, Tencent once again reported a 14% increase in international gaming revenue to 53.2 billion yuan, or an 8% increase excluding the impact of exchange rate fluctuations. This growth was attributed to the strong performance of VALORANT, the recent release of Victory Goddess: Niji and Triple Match 3D, and the recovery of PUBG MOBILE in the second half of the year. After passing the review, Migu Quick Play announced on October 25th via its official Weibo that Victory Goddess: New Hope, a product of the renowned South Korean game development company Shift Up, officially obtained the mainland China version number. The domestic version will be jointly published by Migu Quick Play and Tencent Games. The domestic version is currently being actively prepared. In addition to Victory Goddess: New Hope, Tencent also obtained the domestic online game version number for Dragon Stone War, a Western fantasy-themed strategy game, and the imported game version number for the multiplayer fun party mobile game, Blast Squad, launched by Tencent’s Supercell. The game has already been launched overseas and achieved remarkable results. On the evening of October 25th, the game’s official announcement showed that it had obtained the version number and was currently being fully prepared, with over 2 million players pre-registered through official channels and a total of over 3.5 million players pre-registered across all channels.