Ragnarok X: Next Generation Official Launching in China on September 13, 2024

Rhea-AI Summary

Gravity Co., (NASDAQ: GRVY) has officially launched 'Ragnarok X: Next Generation' in China on September 13, 2024. This 3D MMORPG mobile and PC game, published by ZLONGAME, expands on the original Ragnarok Online universe with enhanced graphics and gameplay features. The game has already achieved significant success in other Asian markets, reaching top grossing rankings in multiple countries.

The Chinese launch follows a successful pre-registration period and closed beta test, where it received high user ratings. The game is available for download through various local app markets, including the Apple App Store and Huawei AppGallery. Gravity has prepared special events and rewards for the Chinese version, including a unique theme song and animation.

Positive

• Official launch of 'Ragnarok X: Next Generation' in the large Chinese market
• Previously achieved top grossing rankings in multiple Asian countries
• High user engagement with pre-registration exceeding initial targets
• Positive reception during closed beta test with an 8.2 rating on Tap Tap
• Wide distribution through multiple major Chinese app stores

Negative

• None.

Insights

Market Research Analyst

The launch of 'Ragnarok X: Next Generation' in China marks a significant milestone for Gravity Co., With China being the world's largest mobile gaming market, this release could substantially boost Gravity's revenue and market presence. The game's previous success in other Asian markets, securing top grossing rankings, indicates strong potential for performance in China. However, investors should note that the Chinese gaming market is highly competitive and regulated. The game's 8.2 rating on Tap Tap and exceeding pre-registration targets are positive indicators, but long-term success will depend on user retention and monetization strategies. This launch represents a major growth opportunity for Gravity, potentially impacting its stock positively if the game performs well in this important market.

Financial Analyst

Gravity's expansion into the Chinese market with 'Ragnarok X: Next Generation' could significantly impact its financial performance. The game's success in other Asian markets, reaching top grossing positions, suggests strong revenue potential. However, investors should consider that initial success doesn't guarantee sustained performance. The Chinese gaming market's size offers substantial upside, but also intense competition. Gravity's Q3 and Q4 2024 financial results will be important to watch, as they'll reflect the game's initial performance in China. If successful, this launch could drive revenue growth and potentially improve profit margins. Investors should also monitor user acquisition costs and retention rates, as these factors will influence the game's long-term profitability in the Chinese market.

Tech Expert

The technical aspects of 'Ragnarok X: Next Generation' are noteworthy for investors. The game's 3D graphics and non-linear maps represent a significant upgrade from the original Ragnarok Online, potentially attracting both nostalgic fans and new players. The cross-platform availability on mobile and PC expands the potential user base. The game's feature allowing free trade of all in-game items could enhance player engagement and potentially drive in-game purchases. However, this also presents challenges in balancing the in-game economy. The game's availability across multiple Chinese app stores, including major platforms like Huawei AppGallery and Xiaomi App Store, ensures broad accessibility. Technically, the game seems well-positioned, but its long-term success will depend on regular updates and server stability to maintain user interest.

Seoul, Sept. 13, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd (NASDAQGM: GRVY) (‘Gravity’ or ‘Company’), a developer and publisher of online and mobile games, announced the official launch of ‘Ragnarok X: Next Generation (Chinese Title: 仙境传说：新启航)’ in China on September 13, 2024, at 10 a.m. (CST)

‘Ragnarok X: Next Generation’, a 3D MMORPG mobile and PC game, has been newly released in China. It continues the expansive world of the original Ragnarok Online while exploring new adventures as suggested in the subtitle. It is distinguished by its vibrant content experienced through 3D graphics and non-linear maps, and it enhances player interaction by enabling free trade of all in-game items.

This new launch in China intensified the anticipation of users with tremendous success achieved in previously launched regions, securing the 1st in top grossing ranking in both app markets, Apple App Store and Google Play, in Taiwan, Hong Kong and Macau, as well as being ranked 1st in the Apple App Store in Thailand, Indonesia, and the Philippines.

In addition to that, after obtaining the ISBN for ‘Ragnarok X: Next Generation’ in China in December 2023, the signed up number of Chinses users for pre-registration in May this year ahead of the official launch exceeded the company’s initial pre-registration targets. Also, during the closed beta test (CBT) in China held in June, ‘Ragnarok X: Next Generation’ received significant attention and high expectations from users, earning a rating of 8.2 on the local app market, Tap Tap.

The publisher of the game in China is ZLONGAME, and the game can be downloaded through various local app markets, including the official websites, Apple App Store, Tap Tap, Huawei AppGallery, Bilibili, and Xiaomi App Store.

Gravity stated, “Through the support shown during the pre-registration and the CBT, we have witnessed the strong popularity of ‘Ragnarok X: Next Generation’ in China. We are grateful to the users who have patiently awaited the official launch, and we have prepared special events featuring rewards, including the theme song and animation unique to the Chinese version, thus we look forward to your continued interest and support.”

[Gravity Official Website]

http://www.gravity.co.kr

[Ragnarok X: Next Generation Official Website in China]

https://ro.zlongame.com/index.html

[About GRAVITY Co., Ltd] . ---------------------------------------------------

Gravity is a developer and publisher of online and mobile games. Gravity’s principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 regions. For more information about Gravity, please visit http://www.gravity.co.kr.

Contact:

Mr. Heung Gon Kim
Chief Financial Officer
Gravity Co., Ltd.
Email: kheung@gravity.co.kr

Ms. Jin Lee
Ms. Yujin Oh
IR Unit
Gravity Co., Ltd.
Email: ir@gravity.co.kr
Telephone: +82-2-2132-7801

FAQ

When did Gravity (GRVY) launch 'Ragnarok X: Next Generation' in China?

Gravity (GRVY) officially launched 'Ragnarok X: Next Generation' in China on September 13, 2024, at 10 a.m. (CST).

What platforms is 'Ragnarok X: Next Generation' available on for Gravity (GRVY)?

Ragnarok X: Next Generation, developed by Gravity (GRVY), is available as a 3D MMORPG for both mobile and PC platforms.

Who is publishing 'Ragnarok X: Next Generation' for Gravity (GRVY) in China?

ZLONGAME is the publisher of 'Ragnarok X: Next Generation' for Gravity (GRVY) in China.

What rating did 'Ragnarok X: Next Generation' receive during its closed beta test in China for Gravity (GRVY)?

During the closed beta test in China, 'Ragnarok X: Next Generation' received a rating of 8.2 on the local app market, Tap Tap.