Changes in Hong Kong stocks | Zupa (09890) rose by more than 7% in a month, and joined hands with COEXIST to expand the layout of the trendy gaming industry

The Zhitong Finance App learned that Zupo (09890) rose more than 7% in early trading, and the cumulative increase during the month had already exceeded 30%. As of press release, it rose 7.4% to HK$17.56, with a turnover of HK$24.48,800.

According to the news, on November 27, TANWAN, a wholly-owned subsidiary of TANWAN, which focuses on the Chaowan business, signed a “Cooperation Agreement on the Development of Artist Works” with COEXIST Group. The two sides brought together over 200 trendy artists to develop, sell and promote derivative works of art. The cooperation period is five years. This cooperation means relying on digital entertainment accumulation, expanding the layout of the trendy game industry, improving the business ecosystem, and opening a new chapter of trendy games integrating “classic IP+artist IP”.

Cathay Pacific Haitong Securities previously stated that Zoufan has multiple IP resources including “Legends,” “Doulo,” and “Legend of Hot Blood,” and has been actively expanding new tracks in recent years. Looking forward to the future, the company still has many product reserves in IP such as Legend, Miracle, Hot Blood, Douro Land, and Jin Yong Martial Arts, which is expected to lead to subsequent performance growth.