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An Honor of Kings IP Caused Alpha Group’s Stock to Gain for Three Consecutive Days

By Weilin Li
May. 18, 2022 updated 10:57

Chinese animation and toy company Alpha Group saw consecutive three-day stock price gains on May 13th, May 16th, and 17th.

The company clarified that this was possible because a collaborative project with Honor of Kings is developing. They plan to release a series of Chibi capsules for the game in the fourth quarter. But the specific release date is to be decided.

The company also clarified that there were no milestone events to be announced despite fluctuating stock prices.

Source: Alpha Group