BAIOO (HKG:2100) has renewed its cloud services agreement with Tencent Cloud, a unit of Tencent Holdings (HKG:0700), for one year, with a proposed annual cap of 20 million yuan, according to a Thursday Hong Kong bourse filing.
Shares of BAIOO were down about 7% in Friday's recent trade.
The new deal, effective July 25, replaces the prior agreement expiring the same day and will support BAIOO's server and infrastructure needs, particularly for new game launches.
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