China · Crypto Briefing
Mango Excellent Media climbs 44% amid AI drama frenzy
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◌ Single Source
China's state-controlled broadcaster hit consecutive daily limit-ups after premiering the country's first fully AI-generated prime-time drama series.
Key facts
- The stock hit its 20% daily limit-up on August 31, closing at 16.98 yuan
- The cumulative gain over those 48 hours came in around 44%, adding more than 10 billion yuan to the company’s market capitalization
- The company reported 202 million yuan in profit for H1 2026, a 73.58% decline compared to the same period a year earlier
- Mango Excellent Media (300413.SZ), the state-controlled long-video platform behind one of China’s most-watched satellite channels, surged after premiering Journey to the West: The Later Tale
Summary
A Chinese media company became one of Asia’s hottest stocks this week, and all it took was teaching artificial intelligence to rewrite a 16th-century novel. Mango Excellent Media (300413.SZ), the state-controlled long-video platform behind one of China’s most-watched satellite channels, surged after premiering Journey to the West: The Later Tale on August 31. The stock hit its 20% daily limit-up on August 31, closing at 16.98 yuan. The cumulative gain over those 48 hours came in around 44%, adding more than 10 billion yuan to the company’s market capitalization.