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Installment Plan E-tailer Qufenqi Lands USD 9-digit Series C

Sina Tech, 12/02/14

Beijing-based Kuaile Shidai, operator of online shopping site Qufenqi.com, recently completed USD 9-digit Series C funding from previous investors BlueRun Ventures and Source Code Capital. Read More

Tencent's 'Huanle Majiang' Registered Users Reach 100 Mln

Tencent Games, 3/04/14

According to Pu Yanli, GM of Chinese internet and mobile services firm Tencent's (0700.HK) gaming division, the total number of users of the company's self-developed mobile mahjong game Huanle Majiang, launched on Tencent's mobile gaming platform in January, has surpassed 100 mln. Read More

Rumor: Sina to Operate Card and Board Games

Tencent Tech, 1/11/13

An industry source revealed today that Chinese internet company Sina (Nasdaq: SINA) is in talks with a number of domestic card and board games companies regarding the upcoming launch of new games. Read More

Ourgame Applies for Domestic Listing

Oriental Morning Post, 10/12/12

Beijing-based online game operator Globallink Computer Technology (Ourgame) has recently begun an official application for an A-shares IPO listing, after first announcing its intention to list in 2007. Read More

China Telecom Mobile Literature User Base Reaches 50 Mln

Tencent Tech, 5/17/12

Xiao Wei, general manager of China Telecom's (NYSE: CHA; 0728.HK) E-Surfing mobile literature base, has disclosed to Tencent Tech in an exclusive interview that China Telecom has reached 50 mln mobile literature users, with 18 mln monthly active users and daily pageviews reaching 40 mln. Read More

Rumor: Netease to Launch Ad Union

Netease Games, 3/15/12

Advertisements for Netease's (Nasdaq: NTES) new Netease Union (http://union.163.com) have begun appearing on the Chinese internet company's homepage and other website properties, and Netease has begun seeking website partners for the ad union. Read More

Netease Q1 2011 Profit Up 63% YoY

PR Newswire Asia, 5/19/11

Chinese internet company Netease (Nasdaq: NTES) today announced its unaudited financial results for the first quarter ended March 31, 2011. Read More

Netease MMO Project Director and Chief Designer Resigns

17173.com, 5/05/11

Ni Ning, director of Chinese online game developer and operator Netease's (Nasdaq: NTES) self-developed 3D turn-based MMORPG Westward Journey: Genesis (Chuangshi Xiyou), recently resigned and has been replaced by Tian Luo, deputy GM of Netease's gaming division and former director of another self-developed 3D MMORPG from Netease, Tianxia II. Read More

Rumor: Ourgame Completes Management Buyout

Sina Tech, 12/22/10

An industry source revealed today that Wu Guoliang, CEO of Chinese online game operator Ourgame, announced at the company's annual meeting that Ourgame had finished its management buyout (MBO) on December 8, buying back all the shares previously held by SeaRainbow Holding Corporation (000503.SZ) and Korean gaming company NHN, making Ourgame a wholly domestically owned enterprise once again. Read More

NHN Divests 55% Stake in Ourgame

17173.com, 10/29/10

Korean gaming company NHN recently announced it will sell its 55% stake in Chinese online gaming company Ourgame to Beijing-based Wei De Wo Fu Investment Advisors for an unknown sum. Read More