{"id":5484,"date":"2023-08-17T10:41:27","date_gmt":"2023-08-17T10:41:27","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/08\/17\/allied-gaming-entertainment-acquires-majority-share-in-beijing-lianzhong-zhihe-technology\/"},"modified":"2025-07-06T15:19:03","modified_gmt":"2025-07-06T15:19:03","slug":"allied-gaming-entertainment-acquires-majority-share-in-beijing-lianzhong-zhihe-technology","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/08\/17\/allied-gaming-entertainment-acquires-majority-share-in-beijing-lianzhong-zhihe-technology\/","title":{"rendered":"<div>Allied Gaming &amp; Entertainment Acquires Majority Share in Beijing Lianzhong Zhihe Technology<\/div>"},"content":{"rendered":"<div>\n<p>Allied Gaming &#038; Entertainment has taken a big strategic move by purchasing a controlling investment in Beijing Lianzhong Zhihe Technology Co., a mobile games developer. According to the terms of the agreement, Allied will invest around $7.0 million to buy Ourgame International Holdings\u2019 investment, as well as a majority position in Zhihe\u2019s board. The transaction is expected to close by the end of September, subject to certain closing conditions.<\/p>\n<p>The acquisition of a controlling share in Beijing\u2019s Zhihe Technology by Allied marks a watershed moment in the company\u2019s strategic trajectory. The purchase, which comes with a majority stake on Zhihe\u2019s board, fits in well with Allied\u2019s larger goals and the development of its Allied Mobile Entertainment (AME) subsidiary.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Yinghua Chen, CEO of Allied, expressed enthusiasm for the strategic investment, emphasizing the synchronicity between Zhihe\u2019s accomplishments and Allied\u2019s overarching goals. Chen noted, \u201cZhihe brings a compelling library of popular mobile games that will bring significant traction to AME, while also providing distribution channels for our current portfolio of casual mobile games.\u201d The collaboration between the entities is envisioned to create value and unlock synergies that will further fortify both companies.<\/p>\n<p>The acquisition comes on the heels of Allied\u2019s recent release of its second-quarter and first-half financial results. The company reported notable revenue growth, with Q2 revenue surging by 182.3% to $3.3 million compared to the previous year, and a first-half revenue increase of 25.0% to $4.5 million.<\/p>\n<p>The acquisition of a majority share in Zhihe Technology demonstrates Allied\u2019s strategic evolution. In late 2022, the corporation started on a significant overhaul, widening its emphasis outside esports. As a result of this strategy shift, two companies were formed: AME and Allied Experiential Entertainment (AEE). 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Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The transition from Allied Esports Entertainment to its current name, Allied Gaming &#038; Entertainment, represents the company\u2019s evolution. The strategic purchase of Zhihe Technology demonstrates Allied\u2019s commitment to diversification and development, marking yet another milestone on its drive to reshaping the gaming and entertainment environment.<\/p>\n<p>With the transaction expected to close in the coming months, the gaming and entertainment sector is ready to benefit from Allied\u2019s partnership with Zhihe Technology. This collaboration offers innovation, value creation, and an exciting future for both companies as they negotiate the market\u2019s changing expectations.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/allied-gaming-entertainment-acquires-majority-share-in-beijing-lianzhong-zhihe-technology\/\">Allied Gaming &#038; Entertainment Acquires Majority Share in Beijing Lianzhong Zhihe Technology<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Allied Gaming &#038; Entertainment has taken a big strategic move by purchasing a controlling investment in Beijing Lianzhong Zhihe Technology Co., a mobile games developer. According to the terms of the agreement, Allied will invest around $7.0 million to buy Ourgame International Holdings\u2019 investment, as well as a majority position in Zhihe\u2019s board. The transaction [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5484","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=5484"}],"version-history":[{"count":1,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5484\/revisions"}],"predecessor-version":[{"id":9415,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5484\/revisions\/9415"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=5484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=5484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=5484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}