In 2016, the world’s computer game operating revenue exceeded USD100 billion for the first time and China exceeded America to …
Chinese online game developer and operator Changyou recently announced that the board of the company has received an initial non-binding …
The Chinese gaming market scale will reach USD26 billion by the end of 2017 and mobile games will continue to …
China’s Tencent Games achieved operating revenue in 2016 of USD10.2 billion, a year-on-year increase of 17%, which makes it the …
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Kingsoft Corporation Limited signed a joint operation framework agreement for games with Huaduo Group.
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 […]
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 […]
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 […]
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 […]
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.
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.
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.
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.
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.
Chinese Internet company Renren Inc. will adjust its organizational structure and business clusters, and establish an independent wireless business division.