Tencent has invested additional USD90 million into the American gaming company Pocket Gems, and is increasing its stake in the …
Tencent Invests Additional USD90 Million In Pocket Gems
16 May 2017
Shareholders Of KongZhong Approve Privatization Deal
23 March 2017
Nasdaq is losing its status in China. KongZhong, which went public as a mobile value-added service company in 2004, is …
Alibaba's Chief Bets Big On Internet Gambling, Which Is Banned In China
01 August 2016
Don't believe anyone who says Alibaba.com's founder Jack Ma doesn't intend to upset the status quo and sense of stability …
Chinese Firm Buys Into Mobile Game Data Analytics
20 July 2016
Chinese mobile marketing platform Mobvista announced that the company will invest USD11.72 million to acquire a 90.01% stake in GameAnalytics, …
China's Youzu.com Acquires German Game Maker For CNY580 Million
28 March 2016
Youzu.com announced that its wholly-owned subsidiary Yousu GmbH signed a share purchase agreement with Germany's Bigpoint Investments GmbH, aiming to …
China's Gaming Market Revenue Reached CNY140.7 Billion In 2015
22 December 2015
China's online gaming users reached 534 million in 2015, a year-on-year increase of 3.3%, according to the latest report from a trio of game watchers. During China's Game Industry Annual Conference 2015, the Game Publishers Association Publications Committee of the China Audio-video and Digital Publishing Association, Gamma Data, and IDC jointly published their "2015 Report […]
NetEase Invests USD25 Million In Finnish Gaming Start-up
17 November 2015
NetEase has invested USD25 million in a Finnish gaming start-up named Reforged Studios, which has not yet officially published any product. According to reports in Chinese local media, NetEase said in a report that they implemented the investment via NetEase Capital Venture; however, the company did not reveal its equity stake. Headquartered in Helsinki, Reforged […]
Linekong's Chinese Online Game Net Profit Down 44%
16 August 2015
Chinese game developer and publisher Linekong recently released its semi-annual financial report ended June 30, 2015, stating that its net profit decreased by 44% compared with the same period of last year. Linekong's operating revenue for the second quarter of 2015 was CNY187 million, which decreased by 65% over the first quarter. From January 1 […]
Ourpalm Invests USD2.3 Million In Hong Kong Mobile Game Developer
16 July 2015
Chinese web game and mobile game developer Ourpalm announced plans to invest USD2.3 million in Animoca Brands, which is known for developing Garfield-themed mobile game. According to the agreement signed between Ourpalm and Animoca Brands, Ourpalm invested USD2.3 million in Animoca Brands and Animoca Brands will issue 11.11% shares to Ourpalm. With this transaction, Animoca […]
SinoCom Software Buys Mobile Gaming Manufacturer Heroic Coronet
16 December 2014
SinoCom Software announced plans to acquire the entire stake in Heroic Coronet Limited, a game designer and operator, for HKD260 million, which is about CNY210 million. SinoCom Software will reportedly pay HKD200 million in cash; while for the remaining HKD60 million, the company will issue 75 million new shares at the price of HKD0.8 per […]
NQ Mobile CFO Resigns
25 August 2014
NQ Mobile, a Chinese provider of mobile Internet services, announced that its chief financial officer KB Teo departed the company last week. According to NQ Mobile, Teo's resignation became effective from August 22, 2014. Before the determination of a replacement, Shi Wenyong, co-founder and chief operating officer of NQ Mobile, will act the CFO role. […]
Baidu Integrates Mobile Game Businesses
27 March 2014
Zhang Dongchen, vice president of Baidu, announced at the 9th Global Mobile Game and Channels Conference that Baidu will integrate its Duokoo mobile game business with its 91 Wireless game business to formally establish a Baidu-branded mobile game division. Zhang said that following the integration, Baidu will assign staff to take charge of mobile game […]
Giant Sets Up Mobile Game Publishing Company
18 March 2014
Chinese online game developer and operator Giant Interactive Group confirmed that they have established a mobile game publishing company. Ji Xuefeng, president of Giant, has taken the president role of the new company; while Xu Bo is vice president of the company and responsible for the mobile game publishing business. Xu has nearly ten years' […]
Kunlun.com Announces CNY1 Billion Mobile Game Publishing Plans
27 February 2014
Kunlun.com, which claims to be one of the largest mobile game development and operating platforms in China, announced plans to invest CNY1 billion to promote its mobile game publishing in 2014. The CNY1 billion plans will cover worldwide acquisitions, high-quality mobile game operations, and purchase of game copyrights. Kunlun.com said that apart from reinforcing its […]
Shanda Games' New Mobile Platform Gives Developers Up To 90% Cut
26 August 2013
Chinese online game developer and operator Shanda Games launched a new mobile game operating platform G.sdo.com aimed at the mobile game distribution market. The G.sdo.com app store also integrates content, services and users. In the next 12 months, G.sdo.com will publish 36 products and open an API to third-party developers. According to Qian Donghai, president […]
Tencent Eyes Integrated Mobile Gaming Platform
10 May 2013
Ma Xiaoyi, vice president of Tencent, said during the Global Mobile Game Congress in Beijing this week that Tencent plans to launch an integrated mobile gaming platform, covering Tencent's major mobile applications and quality products developed by third-party mobile game developers. Ma said the development of Chinese game industry started in 2001 and the user […]
Renren Forms Independent Wireless Business Division
24 January 2013
Chinese Internet company Renren Inc. will adjust its organizational structure and business clusters, and establish an independent wireless business division. After the adjustments, the Chinese company will reportedly have five major business divisions, including the social networking website Renren.com, a wireless division, a game division, the group buying website Nuomi.com, and the video website 56.com. […]
China's Online Game Industry Sales Reached CNY60.28 Billion In 2012
11 January 2013
China's Game Industry Annual Conference 2012 was just held in Suzhou and the comprehensive Chinese game industry report for 2012 was released during the conference. According to the report, the Chinese gaming market achieved actual sales of CNY60.28 billion in 2012, a year-on-year increase of 35.1%. The sales were contributed by online games, mobile games, […]
Japanese Social Networking Site Enters China Unicom App Store
14 March 2012
The Chinese subsidiary of the Japanese social networking game platform operator DeNA has signed a strategic cooperation agreement with China Unicom's Wostore, and the two parties will jointly establish a Mobage games special zone for smartphones. With the cooperation, DeNA China will open a Mobage special zone on the PC, WAP and smartphone clients of […]
The9 Will Operate Sony Ericsson's PlayNow App Store In China
16 January 2012
Chinese online game developer and operator The9 has announced with smartphone maker Sony Ericsson that starting this month The9 will be the exclusive operator and technical supporter for Sony Ericsson's PlayNow application store in China. PlayNow application store provides mobile application programs as well as entertainment resources like ringtones and themes for users of Sony […]