Hong Kong-listed AGTech Holdings has reported a 20 per cent increase in full-year revenue to HK$302.2m (€31.2m) in 2017, with growth driven by the development of the company’s Games and Entertainment business.

The company said that it devoted significant time and energy during the year to integrating resources and identifying ways to leverage and complement Alibaba Group and Ant Financial Group’s products and services.

Its new Games and Entertainment division contributed revenue of $93.9m during the year following the successful launch of its casual games platform on Taobao’s mobile channel.

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