Comprehensively layout the meta universe, focus on the configuration of virtual human / virtual community and NFT, and focus on two aspects
With the arrival of the performance disclosure period in mid January, or due to the changes in the macroeconomic environment, geopolitical events and liquidity outside China, the market is worried about the overvalued value of some related targets of yuancosmic. The overall valuation of the targets in related fields of yuancosmic has fallen significantly in recent two months, but the commercialization of some tracks of yuancosmic is still advancing, Clear product forms and business models have gradually emerged in virtual human / virtual community, NFT and other tracks. For example, baidu released the multi person interactive virtual world app “Baidu xirang” at the end of 2021, which is considered to be Baidu’s meta universe product. Since then, Shanghai Fengyuzhu Culture Technology Co.Ltd(603466) , Bluefocus Intelligent Communications Group Co.Ltd(300058) have reached partnership with Baidu xirang, and Shanghai Fengyuzhu Culture Technology Co.Ltd(603466) undertook to build 3D virtual buildings in Baidu xirang, Bluefocus Intelligent Communications Group Co.Ltd(300058) announced through official wechat on March 30 that its “blue universe” marketing space was officially launched and settled in Baidu xirang, becoming China’s first “meta universe marketing space”. Companies such as Bluefocus Intelligent Communications Group Co.Ltd(300058) , Zhewen Interactive Group Co.Ltd(600986) , Beijing Quanshi World Online Network Information Co.Ltd(002995) and others have created the image of virtual digital people with their own IP and carried out the commercial operation of virtual people. On March 21, Beijing Quanshi World Online Network Information Co.Ltd(002995) announced through the official wechat that the “infinite box” experience version of virtual digital commercial products was officially launched, opening the exploration of virtual community operation; In addition, since the fourth quarter of 2021, Visual China Group Co.Ltd(000681) , Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) and other listed companies have issued digital collections based on blockchain NFT technology, and have formed a C-end distribution business model of “IP Party (content company, Advertiser) – Marketing Party – distribution platform”, or made a positive contribution to the performance. We believe that metauniverse may be the development direction of digital economy. Based on people’s cognition, technological development, supervision and other reasons, its business model and commercialization process will continue to be clear in the long-term development process. While actively embracing the technological development trend, it is currently the first choice for the track with rapid commercialization and performance. In addition, it is suggested to pay active attention to two catalytic events. One is the global meta universe conference jointly hosted by the Shanghai municipal government and China Mobile Communication Federation to be held in Shanghai on April 20, or further point out the direction of the development of meta universe; Second, the progress of meta universe related projects of Internet head companies such as Tencent Zplan, or build a better infrastructure for the promotion of meta universe. To sum up, combining performance trends and the valuation margin, we continue to suggest that we continue to suggest, combining with performance trends and the valuation margin, we continue to suggest, combining with performance trends and the valuation margin, we continue to suggest that we increase the allocation of virtual people / virtual communities in the cosmic universe universe, and NFT tracks, with the combination of performance trends and the assessment of the safety margin, we continue to suggest that the configuration of virtual people / virtual communities, and NFT tracks, and we continue to suggest that we increase the allocation of the configuration of virtual people / virtual communities, virtual communities, and NFT track tracks in the cosmic universe universe universe’s realm of the cosmic universe, and NFT racetracks, with 3 Beijing Telesound Electronics Co.Ltd(003004) 1 Mango Excellent Media Co.Ltd(300413) 0041 Mango Excellent Media Co.Ltd(300413) Mango Excellent Media Co.Ltd(300413) \ , Beijing Fengshangshiji Culture Media Co.Ltd(300860) , Zhewen Interactive Group Co.Ltd(600986) .
Confidence may be boosted again, continue to counter attack and actively allocate high-quality Internet companies in Hong Kong stocks
On April 2, the official website of China Securities Regulatory Commission released the provisions on strengthening the confidentiality and archives management related to overseas securities issuance and listing (Exposure Draft) and relevant revision instructions, which mentioned “amending the provisions on overseas inspection”, Specifically include “Make it clear that if overseas securities regulatory authorities and relevant competent authorities propose to investigate, collect evidence or inspect domestic enterprises and securities companies and securities service institutions that provide relevant securities services for such enterprises with respect to the activities related to the overseas issuance and listing of domestic enterprises, it shall be carried out through the cross-border regulatory cooperation mechanism, and the CSRC or relevant competent authorities shall provide necessary assistance according to the bilateral and multilateral cooperation mechanism to provide safe and efficient development “Providing institutional guarantee for cross-border regulatory cooperation, including joint inspection”. We believe that this may further boost the market’s confidence in the positive promotion of China US cross-border audit and supervision cooperation, and the market’s concerns about the delisting risk of zhonggai shares caused by the foreign company Accountability Act of the CSRC may be further alleviated. The main reason is that this worry led to a sharp decline in valuation and the strong underlying Internet quality of Hong Kong stocks. It should be firmly laid out, with the emphasis on fast -W, heartbeat, Kwai Wen group and volume technology.
Risk tip: there is uncertainty in the commercialization progress of metauniverse, and the financial results of relevant companies are lower than expected
