China Mobile Games (00302) rose by more than 5%, rising more than 30% in the past five trading days. As of press release, it rose 4.76% to HK$1.32, with a turnover of HK$8.5492 million.
The Zhitong Finance App learned that China Mobile Games (00302) has risen by more than 5%, and has increased by more than 30% in the past five trading days. As of press release, it rose 4.76% to HK$1.32, with a turnover of HK$8.5492 million.
According to the news, on April 28, China Mobile Games and Super Gaming Group announced that they had officially reached a strategic cooperation, further strengthening the depth and breadth of cooperation between the two sides. This also means that after Mr. Jiang Yukai of Pearl River Investment Management joined the board of directors of China Mobile Games as a non-executive director, Mr. Zhu Yihang, the actual controller of Pearl River Investment Management and the chairman of Super Gaming Group, further deepened the all-round cooperation between its e-sports game pan-entertainment industry and China Mobile Games.
According to reports, the current cooperation between the two sides includes capital and business aspects. Among them, at the capital level, Chaojing Group or its related parties intend to subscribe or purchase shares in China Mobile Games. China Mobile Games also intends to cooperate at the equity level with the MCN organization under Chaojing Group to further strengthen the strategic partnership between the two sides. At the business level, the agreement states that in combination with IP resources and promotion channels such as EDG and animation under the Super Gaming Group, the game development and distribution capabilities of Chinese mobile games will be used to jointly integrate e-sports fan traffic, expand the business of WeChat and Douyin mini game terminals, and at the same time create a new model for the commercialization and monetization of the e-sports industry.