According to Interface News, the setback in the game stock may be related to a rumor - the news circulating on multiple social platforms said that there will be no new game version number in 2022. A number of game stocks, including HK), NetEase, were frustrated. Just on February 21, the Hang Seng Technology Index of Hong Kong stocks continued to fall, including Heartbeat Company (02400. According to the Economic Observer Network, it was learned from several people close to Baidu Games that Baidu Games has not yet completely laid off employees, and employees have not received formal notices, but have been interviewed in installments. HK) also reported a wave of layoffs in the game division. According to the surging news, Huang Yimeng, CEO of Heartbeat, admitted on social media that there are indeed team adjustments, increasing or decreasing according to actual business needs, but 'there is no so-called one-size-fits-all'. In addition to Perfect World, TapTap's parent company Heartbeat Network was also exposed at the end of January. The employee said: 'The departments in Shanghai and Fuzhou have laid off some people, and the projects going to sea have not been affected.' The employee also mentioned: 'It is normal for the current game circle to lay off employees. Internal employees of IGG Games confirmed the layoffs to Red Star Capital. The insider said: 'The company made an overall assessment of these projects and chose to stop losses in a timely manner. The above-mentioned insider mentioned that the reason for the cut may be related to the version number.Īnother insider from NetEase Games told Red Star Capital Bureau that as early as August 2021, after the wind of tightening the version number came out, some of the research projects of NetEase Games have been suspended, the project teams in Hangzhou and Guangzhou have been involved, most of the employees have transferred to other project groups, and a small number of employees have chosen to jump jobs or leave.

It is understood that the 'Apocalypse of Eden' is still in the state of development and has not yet been officially launched. On February 22, Red Star Capital learned from Lilith Game insiders that Lilith had indeed cut the two-dimensional game project 'Apocalypse of Eden', and the project team had already transferred employees internally. Well-known game companies such as HK), Lilith, and IGG (00799.HK) have cut down self-developed projects or laid off employees. Red Star Capital Bureau noted that the network news said that NetEase (09999.

Recently, a news that 'the entire Shanghai game industry is laying off employees' has been circulated on the Internet.

The project lilith