This article only represents the author's own views.
CMGE Technology Group Ltd. (0302.HK) is placing a big bet on e-sports, hoping a related new tie-up can bring some “game” back to its sagging stock.
Investors seemed to like the idea, with CMGE shares jumping 3.2% on Monday after the company, one of China’s many mid-sized game operators, announced its new tie-up with e-sports specialist Guangzhou Chaojing Investment Co. Ltd. The gain extended a rally that has seen CMGE’s stock jump 30% over the last week, riding a sudden broader rally that saw the Hang Seng China Enterprises Index rise nearly 10% last week.
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