fibaqualifiersasia| China's Confucianism is now up by more than 5% and spends 259 million yuan to acquire Beijing Youai Mutual Entertainment Company, which has many IP resources

Zhitong Financial APP learned that China Ruyi (00136) is now up more than 5%, up 5% as of press time.Fibaqualifiersasia.56% to HK $2.09, with a turnover of HK $23.1271 million.

On the news side, China Ruyi announced that its subsidiary Beijing Ruyi had acquired a 100% stake in Beijing Youai Mutual Entertainment Technology from an independent third party, whose core asset was the R & D assets of the "command & conquer：red alert ol" game at an initial cost of 259 million yuan. Based on the simulation game life cycle, the company believes that the "command & conquer：red alert ol" project will still have considerable benefits in the future.

In addition, Citic Capital said that in December 23, Ruyi invested in Wanda Film to become the real controller. Recently, the company completed the management change of Wanda Film one after another, and Ms. Chen Xi took over as chairman and president. Ruyi officially took over the operation of Wanda.FibaqualifiersasiaWe believe that the combination of Ruyi and Wanda is expected to achieve full-link synergy. In addition, as an important strategic shareholder of Ruyi, Tencent continues to deepen the depth and breadth of cooperation with it, becoming the exclusive Tencent dual-platform strategic partner in the industry, covering more than 800 million users. We believe that in addition to short-term games to contribute new business increment, in the long run, the company is expected to further extend the IP life cycle, tap copyright value, and enhance the company's film and television intellectual property realization ability through film and game linkage.