Tag: "online game"

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Nintendo, Tencent Reach Deal For Arena Of Valor

Japan’s Nintendo reached an agreement with China’s Tencent to launch Tencent’s popular game “Arena of Valor” on Nintendo’s Switch this …

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China Still World’s Largest Gaming Market With USD24.6 Billion Operating Revenue

In 2016, the world’s computer game operating revenue exceeded USD100 billion for the first time and China exceeded America to …

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Changyou Receives Non-binding Privatization Offer From Chairman

Chinese online game developer and operator Changyou recently announced that the board of the company has received an initial non-binding …

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China’s Gaming Market Scale To Reach USD26 Billion In 2017

The Chinese gaming market scale will reach USD26 billion by the end of 2017 and mobile games will continue to …

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China’s Tencent Becomes Largest Gaming Company In The World

China’s Tencent Games achieved operating revenue in 2016 of USD10.2 billion, a year-on-year increase of 17%, which makes it the …

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Chinese Firm Buys Into Mobile Game Data Analytics

driver in car on mobile phoneChinese mobile marketing platform Mobvista announced that the company will invest USD11.72 million to acquire a 90.01% stake in GameAnalytics, …

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China’s Youzu.com Acquires German Game Maker For CNY580 Million

FarmeramaYouzu.com announced that its wholly-owned subsidiary Yousu GmbH signed a share purchase agreement with Germany’s Bigpoint Investments GmbH, aiming to …

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Linekong Grabs Hong Kong Mobile Game Stake

HKD investmentChinese mobile game developer and operator Linekong announced a strategic investment in Hong Kong mobile game developer and distributor Gameone. …

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China’s Gaming Market Revenue Reached CNY140.7 Billion In 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 […]

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Heyi Group Forms Entertainment JV With The9 In China

Heyi Group, formerly known as Youku Tudou Group, and The9 announced that the two parties had signed an agreement to build a joint venture. With the name of “Jiuhe Digital Entertainment Company”, the new JV will be engaged in the development, production and distribution of gaming-related cultural entertainment content, including movies, Internet shows, Internet entertainment […]

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Linekong’s Chinese Online Game Net Profit Down 44%

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 […]

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China’s Changyou Sells Subsidiaries For USD205 Million

Chinese Internet portal Sohu.com recently submitted a regulatory filing in the U.S. for its online gaming subsidiary Changyou.com to sell hree subsidiaries, including two overseas subsidiaries, to third-party buyers for USD205 million. According to the file, Changyou signed decisive agreements in April 2015 to transfer a series of assets. Based on the agreements, Changyou will […]

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China’s Tencent Invests In Another American Mobile Game Firm

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 […]

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Game Over For Zynga’s Beijing Office

American game developer Zynga announced that the company will close its office in Beijing. Zynga announced the decision while publishing its performance report for the fourth quarter of 2014. The company said that they will cut the 71 jobs in Beijing office and the related expense of USD7 million will be included in the first […]

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Kingsoft, Huaduo Group Sign Online Game Cooperation Agreement

Kingsoft Corporation Limited signed a joint operation framework agreement for games with Huaduo Group.

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Renren Kills Non-core Chinese Internet Businesses

Chen Yizhou, chief executive officer of Renren, says the company is planning to sell some non-core businesses to improve their profitability and they are also considering investment and expansion opportunities in America and Hong Kong. Chen revealed during an interview with local Chinese media that under the current model it is hard for the company […]

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China’s Alibaba Invests USD120 Million In American Mobile Game Company

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 […]

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Alibaba’s Cloud Gaming Platform Hopes To Foster Family Values

Even though its founder pledged to avoid online gaming because his son developed an online game addiction, Alibaba has now launched its own cloud gaming platform. Cloud gaming at Alibaba aims to merge game interaction and data operation on cloud servers and transmit the real-time pictures back to the TV screens of users. With this […]

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Is China’s Ban On Gaming Consoles Finally Lifting?

China’s BesTV says it will team with Microsoft to invest USD79 million in the establishment of a joint venture named Shanghai Baijiahe Information Technology Development Company Limited for the creation of China-made gaming consoles. With USD40.29 million cash investment, BesTV will hold a 51% stake in the joint venture; while Microsoft, with USD38.71 million cash […]

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Shanda Games Acquires Two Companies From Parent

Shanda Games Limited has signed a final agreement with its parent company Shanda Interactive Entertainment Limited to acquire two subsidiaries from the latter.

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Giant Cooperates With South Korean Game Developer For New Product Launch

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.

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Japan’s Gree Closes Chinese Social Gaming Office

Japanese social game giant Gree announced the future strategy for its overseas offices, and the company said it will close the office in China.

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Tencent Cuts Staff In North American Game Studio

Chinese Internet company Tencent recently completed its staff layout in its North American office, and about 20 employees were dismissed during this adjustment, accounting for 40% of its total employees in North America.

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Tencent Eyes Integrated Mobile Gaming Platform

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.

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Changyou Acquires Remaining Stake In 7Road For USD78 Million

Changyou.com, the online game subsidiary of Sohu.com, reached an agreement with all minority shareholders of 7Road aiming to acquire the remaining 28.074% stake from these shareholders for about USD78 million.

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China’s Giant Appoints New CEO

Chinese online game developer and operator Giant Interactive Group Inc. announced that its board of directors has appointed Liu Wei, former president of Giant, as new chief executive officer; and appointed Ji Xuefeng, former senior development vice president, as new president.

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Renren Forms Independent Wireless Business Division

Chinese Internet company Renren Inc. will adjust its organizational structure and business clusters, and establish an independent wireless business division.

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China’s Online Game Industry Sales Reached CNY60.28 Billion In 2012

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.