Understanding the Market | FEIYU rises over 10%, up more than 3 times since early July. The company recently signed a game development agreement with Tencent
FEIYU rose over 10% again, with a cumulative increase of over 300% since early July. As of the time of writing, it rose %, reported at 2.2%, and traded at HKD 0.93, with a transaction volume of HKD 22.285 million. In terms of news, FEIYU announced that the company has signed a game development agreement with Tencent Computer. According to this agreement, Xiamen FEIYU has been commissioned by Tencent Computer to develop a mini-game based on the intellectual property owned by Tencent Computer. Tencent Computer will pay Xiamen FEIYU a production fee of RMB 12.5 million for the development of this mini-game. The announcement stated that the game development agreement aligns with the group's business strategy regarding mini-games and is part of it. Being commissioned by Tencent to develop this mini-game will allow the company to understand the standard development processes of technology giants like Tencent, thereby enhancing the team's technical capabilities and expertise, as well as accumulating and strengthening experience in mini-game development. Additionally, given Tencent Group's strong position in the Chinese mini-game market, the board believes that developing this mini-game will help the company establish industry reputation and promote long-term cooperation with Tencent
According to Zhitong Finance APP, FEIYU (01022) has risen over 10% again, with a cumulative increase of over 300% since early July. As of the time of writing, it rose by %, reported at 2.2%, and at HKD 0.93, with a transaction volume of HKD 22.285 million.
In terms of news, FEIYU announced that the company has signed a game development agreement with Tencent Computer. According to this agreement, Xiamen FEIYU has been commissioned by Tencent Computer to develop a mini-game based on the intellectual property owned by Tencent Computer. Tencent Computer will pay Xiamen FEIYU a production fee of RMB 12.5 million for the development of this mini-game.
The announcement stated that the game development agreement aligns with the group's business strategy regarding mini-games and is part of it. Being commissioned by Tencent to develop this mini-game will allow the company to understand the standard development processes of technology giants like Tencent, thereby enhancing the team's technical capabilities and expertise, as well as accumulating and strengthening experience in mini-game development. Additionally, given Tencent Group's strong position in the Chinese mini-game market, the board believes that developing this mini-game will help the company establish industry reputation and promote long-term cooperation with Tencent
