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Gaming SNS App 'Laoyuegou' Obtains RMB 200 Mln Series C Funding
36Kr.com, 2/26/18
Hainan-based Lexin Network Technology, operator of online gaming SNS app Laoyuegou, recently announced completion of RMB 200 mln in Series C funding from Tiantu Capital. Read More
Chemicals Maker Tianrun to Acquire Mobile Gaming Firm Diandianle
Tianrun, 4/01/15
Hunan-based chemical manufacturer and distributor Tianrun Enterprises Holding (002113.SZ) announced a plan today to raise RMB 900 mln through a private offering of an additional 76.12 mln shares priced at RMB 11.82 per share. Read More
Alibaba, Tencent to Increase Stakes in Huayi Brothers to 8% Each
Huayi Brothers, 11/19/14
Film and TV production firm Huayi Brothers (300027.SZ) announced today strategic partnerships with Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), internet firm Tencent (0700.HK), and investment firms Ping An Asset Management and China Securities Co., Ltd. Huayi Brothers' proposal calls for a private offering of an additional 144.986 mln company shares, with Tencent paying RMB 1.28 bln for 51.55 mln shares and Ali Venture Capital, an affiliated investment arm of Alibaba Group, paying RMB 1.533 bln for 61.756 mln shares. Read More
Chukong Technology to Delay Nasdaq IPO
China News, 5/22/14
Chen Haozhi, CEO of Beijing-based mobile game developer and operator Chukong Technology, revealed in an internal email yesterday that the company has decided to postpone its initial public offering due to a low valuation given to the company by the US capital market. Read More
China Mobile's Mobile Gaming MAUs Exceed 180 Mln
C114, 3/24/14
Duanmu Wenlin, assistant GM at China Mobile's (NYSE: CHL; 0941.HK) mobile gaming base, has announced that, as of February 2014, the company's "And Game" ("He Youxi") mobile gaming platform had achieved more than 180 mln monthly active users (MAU). Read More
Snail Game Announces Mobile Internet Strategy
DoNews, 1/08/14
Suzhou-based online game developer Snail Electronic (Snail Game) has announced the company's new mobile internet strategy, including a self-branded handset, game download platform, and targeted mobile data package. Read More
Rumor: Netease Invests in Game Developer S-Game
Gamelook, 8/12/13
According to an industry source, Chinese internet company Netease (Nasdaq: NTES) has invested a USD seven-digit figure in Beijing-based single-player game developer S-Game Network Technology. Read More
Tencent Gaming Division Introduces "Pan-Entertainment " Strategy
National Business Daily, 4/19/13
Shenzhen-based internet and mobile services company Tencent's (0700.HK) online gaming-focused interactive entertainment business group announced today that it is gradually broadening its focus from online games to encompass games, animation, literature, film and television, and other related interactive entertainment media as part of its "pan-entertainment" strategy. Read More
Huawei to Establish Mobile Game Open Platform
C114, 4/11/13
At the 8th annual Global Mobile Game and Channels Conference (GGCC) on April 10 in Beijing, Liu Cheng, VP of Huawei Device's cloud services business unit, said that the Chinese mobile device maker will establish a Huawei Device Developer Alliance in May 2013. Read More
Sina, Qihoo 360 Partner on Browser Gaming
Tencent Tech, 1/22/13
Chinese internet company Sina (Nasdaq: SINA) and Internet services and security software provider Qihoo 360 (NYSE: QIHU) signed a strategic browser game partnership agreement today for joint promotion of Sina Wanwan's Chuangshi Sanguo Online. Read More
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