← Beijing Kunlun Tech overview

Beijing Kunlun Tech vs Capcom Co.: 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.

Capcom Co., Ltd. (9697.JP)

Q3 2026
▲4

Capcom's record Q1, new game hits, and Nikkei inclusion drive gains

  • Record Q1 earnings beat expectations Capcom reported a record first quarter with revenue up 54% and operating profit up 67%, beating market expectations by about 12 billion yen. This strong financial performance shows the company is growing faster than expected, which pushes the stock price up.

    This is the core financial result that directly drove the stock's sharp rise and limit-up move.

  • New game Onimusha sells 1 million on day one Capcom's new game Onimusha: Way of the Sword sold over 1 million units on its first day, showing strong player demand. Successful new titles boost revenue and reassure investors that Capcom can keep making hit games, supporting a higher stock price.

    It demonstrates fresh demand for Capcom's products, a key driver of future earnings.

  • Added to Nikkei Stock Average index Capcom will join the Nikkei Stock Average on October 1, replacing Konica Minolta. Index funds that track the Nikkei must buy Capcom shares, creating automatic demand that can lift the stock price.

    Index inclusion is a concrete event that forces passive funds to buy the stock, directly affecting demand.

  • Share buyback and dividend signal confidence Capcom repurchased about 8 million shares for 31.6 billion yen and kept its annual dividend at 50 yen per share. Buybacks reduce the number of shares, which can raise earnings per share, and show management's confidence in the company's future.

    Buybacks and stable dividends are capital returns that support the stock price and investor confidence.

August 2026
▲4

Capcom's record Q1, new game hits, and Nikkei inclusion drive gains

  • Record Q1 earnings beat expectations Capcom reported a record first quarter with revenue up 54% and operating profit up 67%, beating market expectations by about 12 billion yen. This strong financial performance shows the company is growing faster than expected, which pushes the stock price up.

    This is the core financial result that directly drove the stock's sharp rise and limit-up move.

  • New game Onimusha sells 1 million on day one Capcom's new game Onimusha: Way of the Sword sold over 1 million units on its first day, showing strong player demand. Successful new titles boost revenue and reassure investors that Capcom can keep making hit games, supporting a higher stock price.

    It demonstrates fresh demand for Capcom's products, a key driver of future earnings.

  • Added to Nikkei Stock Average index Capcom will join the Nikkei Stock Average on October 1, replacing Konica Minolta. Index funds that track the Nikkei must buy Capcom shares, creating automatic demand that can lift the stock price.

    Index inclusion is a concrete event that forces passive funds to buy the stock, directly affecting demand.

  • Share buyback and dividend signal confidence Capcom repurchased about 8 million shares for 31.6 billion yen and kept its annual dividend at 50 yen per share. Buybacks reduce the number of shares, which can raise earnings per share, and show management's confidence in the company's future.

    Buybacks and stable dividends are capital returns that support the stock price and investor confidence.

Latest
▲4

Capcom's record Q1, new game hits, and Nikkei inclusion drive gains

  • Record Q1 earnings beat expectations Capcom reported a record first quarter with revenue up 54% and operating profit up 67%, beating market expectations by about 12 billion yen. This strong financial performance shows the company is growing faster than expected, which pushes the stock price up.

    This is the core financial result that directly drove the stock's sharp rise and limit-up move.

  • New game Onimusha sells 1 million on day one Capcom's new game Onimusha: Way of the Sword sold over 1 million units on its first day, showing strong player demand. Successful new titles boost revenue and reassure investors that Capcom can keep making hit games, supporting a higher stock price.

    It demonstrates fresh demand for Capcom's products, a key driver of future earnings.

  • Added to Nikkei Stock Average index Capcom will join the Nikkei Stock Average on October 1, replacing Konica Minolta. Index funds that track the Nikkei must buy Capcom shares, creating automatic demand that can lift the stock price.

    Index inclusion is a concrete event that forces passive funds to buy the stock, directly affecting demand.

  • Share buyback and dividend signal confidence Capcom repurchased about 8 million shares for 31.6 billion yen and kept its annual dividend at 50 yen per share. Buybacks reduce the number of shares, which can raise earnings per share, and show management's confidence in the company's future.

    Buybacks and stable dividends are capital returns that support the stock price and investor confidence.