7Road Holdings Limited (HK:0797) has released an update.
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7Road Holdings Limited reported a significant decline in revenue and a shift from profit to loss for the first half of 2024, with revenue dropping by 62% and losses around RMB 6.0 million. The company’s performance contrasts with the broader gaming industry, which continues to grow, as evidenced by a 4.5% increase in global gamers and a steady rise in the global gaming market’s value, projected to reach US$213.3 billion by 2027. Despite the downturn, China’s gaming market saw modest growth, with mobile games and overseas sales of Chinese-developed games contributing positively.
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