Movement Alert|China Ruyi Rises 6% in Regular Trading, Market Eyes Its Bid for Alibabas Lingxi Interactive Entertainment

Market Focus07-06

On July 6, China Ruyi rose 6% in regular trading, trading at HKD 1.59 per share, with turnover of approximately HKD 82.19 million.

On the news front, market attention continues to focus on Alibaba's plan to sell its gaming brand Lingxi Interactive Entertainment in its entirety, with China Ruyi listed among multiple potential buyers. According to market sources, the transaction is valued at RMB 7 billion to 9 billion, covering Lingxi's five proprietary game studios along with two major platforms — 9Game and Jiaoyimao. The deal remains in progress with no final agreement reached.

Additionally, the company previously renewed a three-year cooperation framework agreement with Tencent covering both gaming and film content, with 12 collaborative titles expected to launch through 2027. The company also achieved a turnaround to profitability last year with net profit of approximately RMB 1.786 billion, reinforcing improving fundamental expectations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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