Mango Excellent Media Co Ltd

In early trading on September 1, major A-share indices opened mixed and were all slightly lower as of press time. Mango Excellent Media hit the 20cm daily limit-up for a second consecutive day, with more than 420,000 lots locked on the buy side at the limit-up price. On the news front, on August 31, China's first AI long-form drama to air on satellite TV, Journey to the West: The Later Story, officially premiered in Hunan TV's prime-time slot and on Mango TV. The drama is powered by Seedance 2.0 and Seedance 2.5 for AI technical support, uses AIGC for visuals and character performances, involves no human actors, and adopts an innovative model of producing, reviewing, and broadcasting simultaneously.

China's first AI long-form drama to air on satellite television, 'Journey to the West: The Sequel,' produced under the direction of Mango Excellent Media, has officially set its premiere date, triggering a strong market reaction as Mango Excellent Media locked in a 20-centimeter daily limit-up. By the midday close, China Television Media, H&R Century Union, and Decai Decoration had all hit their daily limit-up in succession, while ChineseAll and Liujin Technology and other AI short-drama concept stocks followed the upward trend. The drama is produced by Mango TV's AIGC Innovative Content Center, using AIGC technology to complete the visuals and character performances with no live actors involved. It will debut on Mango TV starting at 6 p.m. on August 31 and will land in the prime-time slot on Hunan Satellite TV at 8 p.m. the same day. This is also the first drama to adopt the innovative model of simultaneous production, review, and broadcast following the implementation of the National Radio and Television Administration's '21 Measures for Radio and Television,' marking the first time AI content has entered the mainstream television content system.