【Economic Intelligence News, Nov 14】AI short drama concept heats up. Reading Group (00772) rises 5.3% to HK$22.84. The stock has risen for five consecutive days, accumulating a gain of 16.8%. The stock's turnover is about 12.34 million shares, involving HK$278 million.

    The trend of AI short drama development continues to gain momentum, with multiple platforms now investing in the AI short drama sector. On the news front, Reading, whose main business is online reading, is accelerating its expansion from text to visual content such as film and television, animation, short dramas, AI comics, and derivatives. As of the first half of this year, Reading's revenue from short dramas and AI comics exceeded RMB 430 million, a year-on-year increase of 2.3 times.

    Guoyuan International stated that it is optimistic about Reading's IP business model monetization driven by its platform, content, and the AI industry, and believes that Reading's businesses in short dramas, AI comics, and IP have now entered a stage of scaled monetization.

    Currently, the Hang Seng Index stands at 24,376, up 31 points or 0.1%, with nearly HK$83.4 billion traded on the main board. The H-share Index is at 8,191, up 17 points or 0.2%. The Hang Seng Tech Index is at 4,200, up 63 points or 1.5%. (am)