CHINA LIT's stock price soared 7.57% during intraday trading on Tuesday, reflecting strong investor optimism.
The surge follows an internal Spring Festival letter from the company's CEO and President, which highlighted that the rapid development of AI significantly increases the value of original content and CHINA LIT's vast library of high-quality intellectual property (IP). The memo outlined the company's strategy to fully embrace AI across content incubation, premium production, IP development, and global expansion, with a specific focus on accelerating AI-powered comic series to enhance the efficiency and value potential of its IP.
Analyst sentiment supports this direction. BOC International referenced a report indicating CHINA LIT already has a strong portfolio of popular works. With the release of the Seedance2.0 AI tool, production costs for comic series are expected to decrease while quality improves, potentially accelerating growth for the company and the broader industry.