← Beijing Kunlun Tech overview

Beijing Kunlun Tech vs G-bits Network Technology Xiamen: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Beijing Kunlun Tech Co Ltd (300418.CS)

Q3 2026
▲3▼1

AI product launches and short-drama boom offset by first-half loss

  • Tiangong Short Drama Workbench upgrade Kunlun Tech launched a dual-track AI creation mode for its Tiangong Short Drama Workbench, solving character face-swapping and chaotic shot issues. A short drama made with it earned million-dollar revenue in seven days, showing the platform can drive real money-making content.

    This new product directly boosts the company's AI content creation capabilities and revenue potential.

  • Major AI model upgrades announced Kunlun Tech unveiled Matrix-Game 3.5 world model, Mureka v9.5, and O3 music model at the World AI Conference. The CEO called 2026 the inaugural year of world models, positioning the company as a leader in AI and opening new markets in gaming and physical intelligence.

    These upgrades strengthen the company's technology leadership and future growth prospects.

  • Short-drama market boom and cost cuts The global micro-drama market is surging, with revenue projected to hit $26 billion by 2030. Kunlun Tech uses AI to cut production costs by over 90%, from $200,000 to under $20,000 per title, making its content far more profitable as demand grows.

    This shows a large and growing market where Kunlun Tech has a cost advantage.

  • First-half non-GAAP net loss Kunlun Wanwei reported a non-GAAP net loss of 458 million yuan in H1 2026, despite revenue rising 43.55%. Profit came from a one-time investment gain, and operating cash flow was negative. The equity incentive plan only targets revenue, raising investor concerns about profitability.

    This is a key financial counterweight that could pressure the stock price.

August 2026
▲3▼1

AI product launches and short-drama boom offset by first-half loss

  • Tiangong Short Drama Workbench upgrade Kunlun Tech launched a dual-track AI creation mode for its Tiangong Short Drama Workbench, solving character face-swapping and chaotic shot issues. A short drama made with it earned million-dollar revenue in seven days, showing the platform can drive real money-making content.

    This new product directly boosts the company's AI content creation capabilities and revenue potential.

  • Major AI model upgrades announced Kunlun Tech unveiled Matrix-Game 3.5 world model, Mureka v9.5, and O3 music model at the World AI Conference. The CEO called 2026 the inaugural year of world models, positioning the company as a leader in AI and opening new markets in gaming and physical intelligence.

    These upgrades strengthen the company's technology leadership and future growth prospects.

  • Short-drama market boom and cost cuts The global micro-drama market is surging, with revenue projected to hit $26 billion by 2030. Kunlun Tech uses AI to cut production costs by over 90%, from $200,000 to under $20,000 per title, making its content far more profitable as demand grows.

    This shows a large and growing market where Kunlun Tech has a cost advantage.

  • First-half non-GAAP net loss Kunlun Wanwei reported a non-GAAP net loss of 458 million yuan in H1 2026, despite revenue rising 43.55%. Profit came from a one-time investment gain, and operating cash flow was negative. The equity incentive plan only targets revenue, raising investor concerns about profitability.

    This is a key financial counterweight that could pressure the stock price.

Latest
▲3▼1

AI product launches and short-drama boom offset by first-half loss

  • Tiangong Short Drama Workbench upgrade Kunlun Tech launched a dual-track AI creation mode for its Tiangong Short Drama Workbench, solving character face-swapping and chaotic shot issues. A short drama made with it earned million-dollar revenue in seven days, showing the platform can drive real money-making content.

    This new product directly boosts the company's AI content creation capabilities and revenue potential.

  • Major AI model upgrades announced Kunlun Tech unveiled Matrix-Game 3.5 world model, Mureka v9.5, and O3 music model at the World AI Conference. The CEO called 2026 the inaugural year of world models, positioning the company as a leader in AI and opening new markets in gaming and physical intelligence.

    These upgrades strengthen the company's technology leadership and future growth prospects.

  • Short-drama market boom and cost cuts The global micro-drama market is surging, with revenue projected to hit $26 billion by 2030. Kunlun Tech uses AI to cut production costs by over 90%, from $200,000 to under $20,000 per title, making its content far more profitable as demand grows.

    This shows a large and growing market where Kunlun Tech has a cost advantage.

  • First-half non-GAAP net loss Kunlun Wanwei reported a non-GAAP net loss of 458 million yuan in H1 2026, despite revenue rising 43.55%. Profit came from a one-time investment gain, and operating cash flow was negative. The equity incentive plan only targets revenue, raising investor concerns about profitability.

    This is a key financial counterweight that could pressure the stock price.

G-bits Network Technology Xiamen Co Ltd (603444.CG)

Q3 2026
▲3

G-bits H1 profit jumps 69%, big dividend and overseas surge

  • H1 profit up 69% on strong game revenue G-bits reported first-half 2026 revenue up 48% to 3.73 billion yuan and net profit up 69% to 1.09 billion yuan. Long-running games like Wen Dao and newer titles drove growth, showing the core business is healthy and profitable.

    This is the main new financial result that directly explains the stock's positive momentum.

  • Large cash dividend of 100 yuan per 10 shares The company plans to pay 718 million yuan in cash dividends, about 66% of first-half profit. This returns real cash to shareholders and signals management confidence, which can attract income-focused investors and support the share price.

    The dividend is a new capital return event that directly boosts investor appeal.

  • Overseas revenue more than triples International sales jumped 201% to 607 million yuan, driven by new launches in Hong Kong, Macau, Taiwan, Japan, and Korea. This opens a much larger market and reduces reliance on China, though new Western launches are not yet profitable.

    Overseas expansion is a key new growth driver with a clear positive impact on future earnings.

  • New Western game launches still losing money The European and American versions of Staff and Sword Legend launched in May 2026 but are not yet profitable due to heavy initial marketing spending. This is a real counterweight: overseas growth is strong but costly, and future profits depend on these games eventually paying off.

    It provides the necessary balance, showing that not all overseas expansion is immediately profitable.

July 2026
▲3

G-bits H1 profit jumps 69%, big dividend and overseas surge

  • H1 profit up 69% on strong game revenue G-bits reported first-half 2026 revenue up 48% to 3.73 billion yuan and net profit up 69% to 1.09 billion yuan. Long-running games like Wen Dao and newer titles drove growth, showing the core business is healthy and profitable.

    This is the main new financial result that directly explains the stock's positive momentum.

  • Large cash dividend of 100 yuan per 10 shares The company plans to pay 718 million yuan in cash dividends, about 66% of first-half profit. This returns real cash to shareholders and signals management confidence, which can attract income-focused investors and support the share price.

    The dividend is a new capital return event that directly boosts investor appeal.

  • Overseas revenue more than triples International sales jumped 201% to 607 million yuan, driven by new launches in Hong Kong, Macau, Taiwan, Japan, and Korea. This opens a much larger market and reduces reliance on China, though new Western launches are not yet profitable.

    Overseas expansion is a key new growth driver with a clear positive impact on future earnings.

  • New Western game launches still losing money The European and American versions of Staff and Sword Legend launched in May 2026 but are not yet profitable due to heavy initial marketing spending. This is a real counterweight: overseas growth is strong but costly, and future profits depend on these games eventually paying off.

    It provides the necessary balance, showing that not all overseas expansion is immediately profitable.

Latest
▲3

G-bits H1 profit jumps 69%, big dividend and overseas surge

  • H1 profit up 69% on strong game revenue G-bits reported first-half 2026 revenue up 48% to 3.73 billion yuan and net profit up 69% to 1.09 billion yuan. Long-running games like Wen Dao and newer titles drove growth, showing the core business is healthy and profitable.

    This is the main new financial result that directly explains the stock's positive momentum.

  • Large cash dividend of 100 yuan per 10 shares The company plans to pay 718 million yuan in cash dividends, about 66% of first-half profit. This returns real cash to shareholders and signals management confidence, which can attract income-focused investors and support the share price.

    The dividend is a new capital return event that directly boosts investor appeal.

  • Overseas revenue more than triples International sales jumped 201% to 607 million yuan, driven by new launches in Hong Kong, Macau, Taiwan, Japan, and Korea. This opens a much larger market and reduces reliance on China, though new Western launches are not yet profitable.

    Overseas expansion is a key new growth driver with a clear positive impact on future earnings.

  • New Western game launches still losing money The European and American versions of Staff and Sword Legend launched in May 2026 but are not yet profitable due to heavy initial marketing spending. This is a real counterweight: overseas growth is strong but costly, and future profits depend on these games eventually paying off.

    It provides the necessary balance, showing that not all overseas expansion is immediately profitable.

© 2026 MarketIVWhy