Feirre wrote a post · Feb 23, 2023 01:38

China Ruyi and Tencent Join Forces in Multi-Billion Yuan Gaming Partnership

The partnership includes a three-year agreement for Beijing Jingxiu, a subsidiary of $CHINA RUYI (00136.HK)$ China Ruyi, and Tencent to collaborate in various aspects of the gaming industry.

The partnership aims to leverage the strengths of both companies to increase market share and drive growth.

Under the agreement, China Ruyi will pay RMB1 billion each year to Tencent, while receiving RMB700 million in return. This strategic partnership is expected to have a significant impact on both companies' financial performance and attract attention from investors in the gaming industry.

$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $China Concept Stocks (BK2517)$ $Hang Seng TECH Index (800700.HK)$

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Feirre

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