In this week's video, KraneShares Cultural Analyst Xiabing Su explores the groundbreaking release of Black Myth: Wukong, China's first AAA game that's taking the global gaming industry by storm. This epic adventure, inspired by the classic Chinese novel “Journey to the West,” has captured players' imaginations and has had a positive impact on gaming stocks.
With an investment exceeding 300 million yuan, Black Myth: Wukong sold over 4.5 million copies on its first day, generating more than 1.5 billion yuan in sales. This remarkable success has driven a surge in gaming-related stocks, highlighting the growing influence of China's creative sector in the global market.
Xiabing delves into the technological advancements powering this cultural phenomenon, featuring insights from Tujiao Technology, a key contributor to the game's production. The video explores how cutting-edge techniques, such as on-site scanning of real-world locations like the Yuhuang Temple, blur the lines between reality and the virtual world. This fusion of authentic Chinese style with advanced digital technologies is creating extensive digital asset libraries, potentially opening new avenues for investment in the tech and entertainment sectors.
As China paves the way for gaming industry innovation, investors are noticing companies that blend real and virtual worlds. Black Myth: Wukong's success not only marks a milestone for China's gaming sector but also signals the potential for future growth and investment opportunities in this rapidly evolving market.
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Originally Posted August 30, 2024
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