On June 29, China Ruyi (00136.HK) rose 5.19% in regular trading, trading at HK$1.43/share, with turnover of approximately HK$19.54 million.

On the news front, reports emerged that Alibaba is planning to sell its gaming brand Lingxi Interactive as a whole package, with an estimated valuation of RMB 7 billion to 9 billion. China Ruyi is reportedly among the potential acquirers currently in contact with Alibaba. Given that gaming revenue already accounts for 64.3% of the company's total revenue and the firm previously signed a gaming cooperation framework agreement with Tencent covering 12 titles for launch through 2027, a successful acquisition of Lingxi Interactive would fill its SLG self-development gap and complete its full-chain entertainment ecosystem.

Additionally, the company announced on June 25 the appointment of Gong Qiao as executive director, signaling continued management optimization. Since May, China Ruyi has conducted cumulative share buybacks exceeding HK$367 million, consistently reinforcing confidence in the company's intrinsic value.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)