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Games & Commerce

Existing IPs, not new releases, to divide Korean game makers\' Q2 results

South Korean game makers\' second-quarter results are expected to diverge based on profits generated by existing intellectual property rather than whether they released new titles. Krafton and NC, which own PUBG and Lineage, are forecast to post sharp gains helped by new titles and acquisitions. Netmarble is expected to see weaker profitability due to marketing and IP fees, while Nexon expects a pause as some key titles soften despite stable live services.

Industry

China\'s CXMT surges 470 percent in Shanghai debut, valued at 715 trillion won

Chinese memory chipmaker ChangXin Technology Group (CXMT) surged about 470 percent on its first day of trading on Shanghai\'s STAR Market, becoming China\'s most valuable listed company. The Hefei-based firm priced its IPO at 8.66 yuan per share and raised 57.92 billion yuan, described as Asia\'s largest IPO this year. Its market value rose to about 3.3 trillion yuan. CXMT plans to invest proceeds in memory wafer production and R&D.

Crypto

Chinese AI chip stocks trade first on crypto exchanges as overseas funds seek access

Overseas investors are effectively investing early in Chinese AI semiconductor companies through perpetual futures on cryptocurrency exchanges, an analysis said. With direct access to mainland Chinese equities limited, investors are betting on pre-listing prices via crypto derivatives. Trading has surged ahead of ChangXin Memory Technologies\' planned STAR Market listing. The products allow round-the-clock trading without owning shares and are seen as a way to bypass China’s foreign investment restrictions and perform price discovery before IPO pricing.