The Zhitong Finance App learned that China Mobile Games (00302) rose nearly 6% in the afternoon. As of press release, it had risen 4.76% to HK$1.1, with a turnover of HK$14.9751 million.
According to the news, China Mobile Games announced that it has reached a strategic cooperation with Hashkey Group to jointly promote the development of the Web3 game and game platform business. China Mobile Games will use its accumulated product and technical experience in the gaming field to collaborate with Hashkey Group to promote Web3 games and popularity.
SDIC Securities previously stated that China Mobile Games has a rich product line. Using its IP to efficiently export game matrices globally, the major IP game “Fairy Sword World” is scheduled to be officially launched within 2024, and billing tests are scheduled to be carried out in May. Currently, the number of game reservations has also exceeded 4 million. In addition, the company also has a number of blockbuster IP games that are expected to be launched in '24.