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CHINA RUYI Wanes 4%+ After Acquiring Stake in Tencent's 'QQ Dance' Game Developer
Recommend 18 Positive 34 Negative 17 |
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CHINA RUYI (00136.HK) has announced an acquisition of a 30% stake in Beijing Yonghang Technology, the developer of TENCENT (00700.HK)'s "QQ Dance". After opening flat today (14th), CHINA RUYI faltered to bottom at $2.38. It last printed at $2.39, down 4.4%, on a volume of 25.878 million shares, involving $64.0836 million. CHINA RUYI acquired a 30% stake in Beijing Yonghang Technology for a total consideration of RMB830 million. The core assets of Beijing Yonghang Technology encompass "QQ Dance", "QQ Dance II", "QQ Dance Mobile", and other games. CHINA RUYI hopes to obtain more attractive IPs and games through investment and business expansion, with the ultimate goal of constructing a diversified product matrix. AAStocks Financial News |
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