On March 12, 2026, WANKA ONLINE (01762) announced that it has secured a strategic investment of HK$350 million from prominent investors Gong Hongjia and Li Ying. The share placement is progressing according to the agreement terms. The two investors will be subject to a two-year lock-up period for the acquired shares. The high placement price and extended lock-up period reflect strong confidence from top-tier capital markets in WANKA ONLINE's mobile game distribution ecosystem and its global AI application strategy, marking a new phase of resource integration and high-quality growth for the company.
Following the capital raise, 60% of the funds will be allocated to strategic investments, mergers, and acquisitions at the group level; 30% will be used to upgrade AI applications and accelerate the expansion of overseas operations; and the remaining 10% will support business operations and sustainable growth.
Gong Hongjia, a highly influential technology entrepreneur and angel investor often referred to as the "Godfather of AI Investment in China," has long focused on cutting-edge hard technology sectors through Jiadao Private Capital, with strategic positions in artificial intelligence, semiconductors, and healthcare. His deep insight into technology trends and long-term investment philosophy have consistently identified standout opportunities and set benchmarks in the venture capital industry. WANKA ONLINE's focus on AI applications, mobile ecosystems, AI data standardization, generative engine optimization (GEO), and AI agents aligns closely with Gong's investment principles of foundational technological innovation, long-term partnership, hard-tech infrastructure, and contrarian positioning. This collaboration may become another landmark investment in his portfolio.
According to public records, Li Ying previously held key executive roles at ByteDance and its affiliated companies. Her strategic investment in WANKA ONLINE is based on her forward-looking assessment of global AI-driven marketing transformation and strong endorsement of the company's dual-strategy approach combining AI and international expansion.
WANKA ONLINE, listed on the Hong Kong Stock Exchange in 2018 (stock code: 01762), is a leading self-developed AI advertising platform and mobile game distributor in China. It is the only company covering iOS, Android, and HarmonyOS, and holds core game agency qualifications from six top-tier mobile manufacturers: Apple, Huawei, Xiaomi, OPPO, Vivo, and Honor. As a dominant yet low-profile player in game advertising across app stores and browser channels, the company has built a strong competitive moat with significant growth potential.
In its positive profit alert released in February 2026, WANKA ONLINE projected revenue of RMB 4.0 to 4.4 billion for the 2025 fiscal year, representing year-on-year growth of 52.2% to 67.5%. Net profit is expected to reach RMB 60 to 68 million, surging by 690.3% to 795.7% compared to the previous year, demonstrating the robust cash flow capability of its business model. Overseas revenue grew more than fourfold year-on-year. As Chinese game developers accelerate their global expansion, WANKA ONLINE, through its deep collaboration with Apple and global Android manufacturers, offers a one-stop overseas solution, positioning itself as the preferred partner for Chinese game companies going global.
Leveraging its strong organic growth capability from its core mobile ecosystem and game advertising business, WANKA ONLINE is further strengthened by the strategic involvement of Gong Hongjia and Li Ying. This partnership brings not only capital but also industrial resources, strategic vision, and innovative thinking, empowering the company to seize opportunities in the AI industry transformation and enter a new stage of rapid development.
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