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
China's Tencent Becomes Largest Gaming Company In The World
28 March 2017
China's Tencent Games achieved operating revenue in 2016 of USD10.2 billion, a year-on-year increase of 17%, which makes it the …
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 …
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 Bustling Instant Messaging World Adds New Entrant
08 March 2016
Chinese instant messaging cloud service provider RongCloud has completed its first round financing of CNY50 million, which was led by …
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 […]
China's Tencent Invests In Another American Mobile Game Firm
18 May 2015
Tencent reportedly invested USD60 million in the acquisition of a 20% stake in Pocket Gems, a start-up mobile game company in America. Tencent will gain one position on the board of directors at Pocket Gems, according to reports in foreign media. Founded in 2009, Pocket Gems is headquartered in San Francisco and the company is […]
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 […]
BesTV Posts 26.91% Revenue Increase And Preps Microsoft Gaming Surge
29 August 2014
Chinese media platform BesTV published its semi-annual performance report for 2014 and said the company's operating revenue increased by 26.91% year-on-year to CNY1.429 billion; and its net profit attributable to shareholders increased by 20.75% year-on-year to CNY388 million. At the same time, BesTV announced that the company will invest nearly USD100 million in the mobile […]
Diandian Interactive Sold By Parent For USD960 Million
26 August 2014
Chinese game developer and operator Diandian Interactive was reportedly sold by its parent company FunPlus to Shanghai Zhongji Investment Holding for USD960 million, which is reportedly the largest acquisition in the Chinese gaming industry. According to reports in foreign media, this is also one of the largest acquisitions of an unlisted gaming company in the […]
Leap Motion Enters Chinese Market With Digital China Partnership
22 August 2014
American sensing controller manufacturer Leap Motion announced that the company will cooperate with Digital China to develop retail and other sectors in the Chinese market. The sensing controller product launched by Leap Motion has a camera and other sensors which can track users' finger and arm movements. It can be connected to both PC and […]
China's Alibaba Invests USD120 Million In American Mobile Game Company
04 August 2014
American mobile game developer Kabam announced that the company has gained a USD120 million investment from Alibaba Group. Kabam said in a statement that the funding will help the company realize growth and Alibaba will assign an executive to join the board of directors at Kabam. Kabam's valuation reached over USD1 billion during this round […]
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 […]
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 To Operate Japanese Mobile Game In China
11 December 2013
Chinese online game developer and operator Shanda Games announced that the company reached an agreement with Japanese mobile game publisher and developer Sega Networks to operate the latter's latest card RPG mobile game named Chain Chronicle in mainland China, Taiwan, Hong Kong, Macau, and South Korea. Chain Chronicle will be simultaneously available for iOS and […]
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 […]
Giant Cooperates With South Korean Game Developer For New Product Launch
05 July 2013
Chinese online game developer and operator Giant Interactive Group and South Korean game developer and operator Ntreev Soft Company Ltd. signed an agreement in Shanghai for the launch of a new product in China. Under the agreement, the two parties will cooperate in the development and operation of mobile game products. Their first product Project […]