Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
ZX Inc. ( (HK:9890) ) has provided an announcement.
Tanwan Inc. has expanded its stake in China’s online gaming market by acquiring 35% of Shanghai Yuelong Zhiyu Cultural Technology for RMB15 million, gaining closer ties to a leading developer licensed to remake and operate games based on Jin Yong’s classic ‘The Demi-Gods and Semi-Devils’ IP. In parallel, Tanwan’s Jiangxi Tanwan unit has secured exclusive operation and distribution rights for both the app and H5 mini-program versions of ‘The Demi-Gods and Semi-Devils 2: Flying Dragon Battles against the Heavens’ in mainland China, agreeing to pay a RMB30 million royalty and share future gains, a move that consolidates control over a key title and could bolster its content portfolio and revenue streams in the competitive domestic games sector.
The most recent analyst rating on (HK:9890) stock is a Hold with a HK$20.50 price target. To see the full list of analyst forecasts on ZX Inc. stock, see the HK:9890 Stock Forecast page.
More about ZX Inc.
Tanwan Inc., incorporated in the Cayman Islands and listed in Hong Kong, operates in the online gaming industry through its subsidiaries and PRC operating entities. The group focuses on developing and publishing multiplayer online games for the Chinese market, leveraging well-known intellectual properties to strengthen its position among domestic game publishers.
Average Trading Volume: 2,889,769
Technical Sentiment Signal: Buy
Current Market Cap: HK$10.33B
For an in-depth examination of 9890 stock, go to TipRanks’ Overview page.