Hong Kong Stock Movement | IDREAMSKY (01119) Surges Nearly 10% in Morning Trading as "Delta Force" Becomes Top Evergreen Game, Company Recently Secured Strategic Investment from Playrix

Stock News

Aug 14

IDREAMSKY (01119) surged nearly 10% in morning trading. As of press time, the stock was up 8.74% to HK$1.12, with a trading volume of HK$14.2035 million.

On the news front, Tencent released its second-quarter earnings results. Huatai Securities noted that Tencent's gaming revenue accelerated in the second quarter, with "Delta Force" establishing itself as a leading evergreen game. The firm expects Delta Force's dual-platform annual revenue to potentially reach 10-13 billion yuan by 2026.

According to public information, "Delta Force" is a tactical shooting game jointly developed by Tencent's TiMi Studio Group's Linlang Tianshang team and IDREAMSKY, with exclusive distribution by Tencent.

Additionally, on July 29, IDREAMSKY announced signing a capitalization agreement with PLR Worldwide Sales Limited, a subsidiary of European casual gaming giant Playrix. The latter will subscribe to approximately 38.08 million shares of IDREAMSKY at HK$1.024 per share, representing a total investment of HK$39 million. Upon completion of the transaction, Playrix will hold approximately 2.11% of IDREAMSKY's shares.

Market observers suggest that the company's acceptance of Playrix's investment may be laying groundwork for the overseas distribution of "Kalpa of Universe."

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As of press time, the stock was up 8.74% to HK$1.12, with a trading volume of HK$14.2035 million.</p>\n<p>On the news front, Tencent released its second-quarter earnings results. Huatai Securities noted that Tencent's gaming revenue accelerated in the second quarter, with \"Delta Force\" establishing itself as a leading evergreen game. The firm expects Delta Force's dual-platform annual revenue to potentially reach 10-13 billion yuan by 2026.</p>\n<p>According to public information, \"Delta Force\" is a tactical shooting game jointly developed by Tencent's TiMi Studio Group's Linlang Tianshang team and IDREAMSKY, with exclusive distribution by Tencent.</p>\n<p>Additionally, on July 29, IDREAMSKY announced signing a capitalization agreement with PLR Worldwide Sales Limited, a subsidiary of European casual gaming giant Playrix. The latter will subscribe to approximately 38.08 million shares of IDREAMSKY at HK$1.024 per share, representing a total investment of HK$39 million. 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