HK Stock Market Move | FEIYU (01022) has risen by more than 10% again. It has tripled since early July. The company recently signed a game development agreement with Tencent Computer.

FEIYU (01022) rose by more than 10%, with a cumulative increase of over 300% since early July. As of the time of the announcement, the stock rose by %, to 2.2%, amounting to 0.93 Hong Kong dollars, with a trading volume of 22.285 million Hong Kong dollars. On the news front, FEIYU announced that the company has entered into a game development agreement with Tencent Computer. According to this agreement, Xiamen Feiyu has been commissioned by Tencent Computer to develop an online game based on the intellectual property owned by Tencent Computer, as well as a small game. Tencent Computer will pay Xiamen Feiyu a production fee of 12.5 million RMB for developing this small game. The announcement stated that the game development agreement aligns with the group's business strategy related to small games and is an important part of it. Being entrusted by Tencent to develop this small game will allow the company to understand the standard development process of technology giants like Tencent, thereby enhancing the team's technical skills and expertise, as well as accumulating and strengthening experience in developing small games. In addition, as Tencent Group holds a strong position in the Chinese small game market, the directors believe that developing this small game will help the company establish industry reputation and promote long-term cooperation with Tencent.