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Online Entertainment Firm Perfect World to Raise RMB 1 Bln for Film Investment
Perfect World, 6/04/18
Chinese online entertainment firm Perfect World (002624.SZ) has announced plans to raise up to RMB 1 bln in funding through a non-public offering. Read More
Rumor: Perfect World Purchases Baidu's Online Literature Division for RMB 1 Bln
NetEase Tech, 6/20/16
Beijing-based online game developer and operator Perfect World has reportedly purchased the online and mobile literature business belonging to internet company Baidu (Nasdaq: BIDU) for RMB 1 bln, according to a source familiar with the matter. Read More
Ali Sports Launches E-sports Competition, E-sports Open Platform
Ali Sports, 3/31/16
Chinese e-commerce conglomerate Alibaba Group's (NYSE: BABA) sports subsidiary Ali Sports has announced the establishment of an e-sports tournament and an e-sports business division, as well as the launch of an open platform for e-sports. Read More
Gaming Firm Perfect World Returns to China A-shares via TV Studio Affiliate
Perfect World Pictures, 1/07/16
Chinese television and production company Perfect World Pictures (002624.SZ) will buy all assets of its online gaming affiliate Shanghai Perfect World Network Technology, a company previously listed on the Nasdaq stock exchange, for a total price of RMB 12 bln. Read More
Rumor: Perfect World to Repurchase Baidu Literature for RMB 1.2 Bln
DoNews, 11/12/15
Beijing-based online game developer and operator Perfect World will reportedly spend RMB 1.2 bln to acquire internet company Baidu's (Nasdaq: BIDU) "Baidu Literature" online and mobile literature business division, according to a source familiar with the matter. Read More
Perfect World to Invest RMB 1 Bln on Mobile Game Development
Sina Tech, 6/19/14
Beijing-based game developer and operator Perfect World (Nasdaq: PWRD) recently signed a strategic framework agreement with the Chongqing municipal government, pursuant to which Perfect World will invest RMB 1 bln to establish a "Perfect World-Chongqing Program" to develop mobile internet products and services in Chongqing, particularly mobile gaming. Read More
Mobile Gaming Portal Joyme Lands RMB 130 Mln Funding
Tencent Tech, 2/11/14
Beijing-based online entertainment company Lexiang Fangdeng (EnjoyFound), operator Joyme.com, a web-based vertical portal focused on mobile gaming, has announced the completion of RMB 130 mln in new funding. Read More
Rumor: Baidu to Launch Independent Mobile Literature Brand
National Business Daily, 1/09/14
According to an industry insider, Chinese internet company Baidu (Nasdaq: BIDU) is preparing to establish an independent "Baidu Literature" brand, a subsidiary of the company's mobile cloud business division. Read More
Rumor: Perfect World Considers 'Going Private' Transaction
DoNews, 12/03/13
According to industry sources, Michael Chi, founder and CEO of Beijing-based online game developer and operator Perfect World (Nasdaq: PWRD), has been in contact with major investment banks regarding a transaction to take Perfect World private at a valuation of USD 1.2 bln. Read More
Rumor: Baidu Acquires Perfect World Literature Subsidiary
TechWeb, 11/21/13
A source close to Chinese Internet firm Baidu (Nasdaq: BIDU) has revealed that the company is in final negotiations to acquire Chinese literature, comics, and animation website Zongheng.com, which is owned and operated by Huanxiang Zongheng Network Technologies, a subsidiary of Perfect World (Nasdaq: PWRD). Read More
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