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Hangzhou-based webgame company Joyport recorded revenues of RMB 250 million from its webgame Kingory (“Rexue Sanguo”) in 2009, 163.com reported May 29 citing an interview with company Vice President Chang Sheng. Chang said Kingory is unlikely to repeat the explosive growth in earnings this year and expects Joyport’s business revenues this year will come...
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Japanese mobile social networking service (SNS) company Gree (3632.TYO) is planning to set up a Chinese subsidiary in either Beijing or Shanghai, 163.com reported May 31 quoting company chief financial officer (CFO) Naoki Aoyagi. The company is also looking for partners in the country, said the report. The company mainly generates revenue from mobile...
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Beijing Capital Land’s (2868.HK) acquired game subsidiary Shanghai Lianyou Network Technology (known as “Conngame”) is expected to issue an initial public offering (IPO) on the Nasdaq within the next three months, 163.com reported May 29 citing an interview with Beijing Capital Land President and CEO Tang Jun. Conngame currently has two in-house developed game...
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Shanda Interactive (Nasdaq:SNDA) game subsidiary Shanda Games (Nasdaq:GAME) plans to begin large-scale closed beta testing of its licensed Dungeons and Dragons-themed 3D action MMORPG Dragon Nest on June 17, according to a posting on the game’s official site on May 26. The company also said it will start open beta testing after the 2010...
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Kingsoft (3888.HK) generated net income of RMB 89.74 million in the first quarter of 2009, down 26% quarter-on-quarter and 11% year-on-year, the company reported May 25. Revenues for the quarter decreased 18% sequentially and increased 4% annually to RMB 245.70 million, of which entertainment software business revenues declined 19 % sequentially and 1% annually...
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Beijing-based online game company Perfect World (Nasdaq:PWRD) plans to release “Xin Shi Jie” (roughly: “New World”), a new version of its in-house developed MMORPG Zhu Xian 2 on June 10, according to a posting on the company’s website. The version features new clan systems, characters, maps and improved graphics, according to an earlier posting...
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Shanda Interactive (Nasdaq:SNDA) game subsidiary Shanda Games (Nasdaq:GAME) expects to release its in-house developed 2D MMORPG fantasy novel adaptation Legend of Immortal to go online late June or early July, 17173.com reported May 26. The company plans to begin open beta testing of Dragon Nest, its licensed “Dungeons and Dragons”-themed 3D action MMORPG, during...
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China’s telecommunications industry recorded operating revenues of RMB 284.55 billion in the first four months of 2010, up 5.7% year-on-year, the country’s Ministry of Industry and Information Technology (MIIT) Telecom Development announced on its site on May 25. Mobile communications generated revenues of RMB 193.88 billion, or 68.14% of the total revenues in the...
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Shanda Interactive (Nasdaq:SNDA) game subsidiary Shanda Games (Nasdaq:GAME) expects its overseas revenue growth to double this year, Reuters China reported May 25 citing an interview with company Chairman and Chief Executive Officer Tan Qunzhao. The company hopes to expand its earnings from overseas markets to approximately 10% of total revenue within two years, according...
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Tencent (0700.HK) plans to begin open beta testing on its version of Giant Interactive’s (NYSE:GA) in-house developed 2D MMORPG ZT Online “Green Edition” on May 28, qq.com reported May 25. The Tencent- and Giant- co-operated version of the game entered unlimted testing in January. Tencent also plans to release “Always Be With You,” the...
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