Another Chinese gaming company squeezed into the Hong Kong Stock Exchange this month, but it didn’t seem to make a very good start. FriendTimes, a Chinese mobile company that produce role-play games, sufferer a 30% price drop in three days after it went public on October 8.
There are 19 Chinese companies listed on Hong Kong Stock Exchange that are doing the gaming-related business. But most of these gaming-related companies are suffering from a revenue decrease in the first half of 2019 apart from Tencent, Kingsoft, iDreamSky, NetDragon and Zen Game.
FriendTimes’ stumbling start is also expected. People may still have a linger fear...