Rumor: Kingsoft to Develop Games for Tencent

DoNews, 3/07/12

Following Chinese internet giant Tencent's (0700.HK) investment in software developer and game operator Kingsoft (3888.HK), the two companies plan to expand their partnership to first include co-operation of games, followed by Kingsoft developing games for Tencent to operate, according to an industry insider.

The source added that Kingsoft's self-developed martial arts MMORPG JX Online 3 will be one of the games co-operated.

Tencent is reportedly undergoing corporate restructuring, including major changes in its gaming business planned for this year that may include partnerships with other companies.

Editor's Note: For more information on this topic, please see "Tencent to Acquire 16% Stake in Kingsoft," MD 7/06/11 issue.

Keywords: JX Online 3 Kingsoft corporate restructuring Internet MMORPG Tencent 0700.HK 3888.HK online gaming

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