Hurray, a subsidiary of the Chinese media and game company Shanda Interactive Entertainment Limited, has announced that it will sell its music and wireless value-added businesses to the parent company.
Chinese mobile services and Internet portal company NetEase.com Inc. announced its unaudited financial results for the first quarter ended March 31, 2010, and stated its total revenues for the first quarter of 2010 were CNY1.2 billion, compared to CNY1.3 billion and CNY781.7 million quarter-on-quarter and the first quarter of 2009, respectively.
Utan.com, a new website launched by Shanda Games’ former CEO Li Yu, has recently started beta tests and is focused on the Chinese youth market.
Chinese online game developer Giant Interactive Group Inc. announced its unaudited financial results for the first fiscal quarter ended March 31, 2010.
The glow for online games in China might be dimming, as SeaRainbow Holding Corporation Limited, the owner of the Chinese online leisure game platform Ourgame, has revealed the financial statistics of Ourgame for the year of 2009, stating that the company lost over CNY34.48 million in 2009.
Chinese Internet portal Sohu.com Inc. says its revenues rose by 12% year-over-year as it reported unaudited financial results for the first quarter ended March 31, 2010.
Chinese online gaming firm Changyou.com Limited today announced its unaudited financial results for the first quarter ended March 31, 2010.
According to Wang Donghui, chief financial officer of Kingsoft, the company plans to enter the European and the North American game markets with two online games in 2011, and the company predicted its revenue from the overseas markets will account for 20% of its total revenue in the next two years.
Following the cooperation with Taiwan-based King Rex Hi Media for the operation of Gold Land in Hong Kong, Macau, and Taiwan, the Chinese mainland online game developer and operator Giant Interactive Group has recently reached agreements with six other companies to jointly operate this webgame on Chinese mainland.
Chinese online game developer and operator Perfect World has signed an agreement to acquire a 100% stake in C&C Media, a Japanese online game operator, for USD21 million.
Days after Chinese online game developer and operator The9’s president announced her departure from the helm of the company, the company has now gone ahead with plans for expansion with the acquisition of an American company.
Chinese Internet and online game services provider NetEase.com has launched its first free-of-charge voice software “NetEase CC”, which is currently undergoing beta tests.
Chinese online game developer The9 Limited announced that its president will not have her employment contract extended.
Chinese online game developer and publisher Shanda Games Limited announced its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2009, and stated net revenues increased 39% year-over-year and 5% quarter-over-quarter to a record high of CNY1.33 billion.
Chinese Internet company NetEase.com Inc. announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009, and showed large annualized and sequential revenue increases.
9you.com, one of the top ten online games operators in China, said that it will operate ten new computer games in 2010.
According to ifeng.com, an initiative has been launched in China to enable parents to supervise computer games that their children play.
Chinese Internet media company NetEase.com Inc. now has approval to run its World of Warcraft expansion game in China.
Chinese online game operator 9you.com has announced that the company has gained an Information Network Communicated Audio-Video Program License, with the license number of 0910541, enabling it to operate online video businesses in China.
Chinese online media company Sohu.com Inc.’s revenues rose 12% year-on-year in the last quarter, according to its newly-reported unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009.
Chinese online game developer Changyou.com Limited today named a new president and announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009.
Chinese software and game developer Kingsoft has established a new business department and the company has launched a new online game client platform service.
Shanda Games Limited announced over the weekend that Diana Li has resigned as the company’s chief executive officer and a member of the board of directors to pursue other interests.
China’s Ministry of Culture has published “2009 China Online Game Market White Paper”, which reviews the general development and management of China’s online game industry in 2009 and reveals authoritative data for the industry.
Two of Shanda Interactive Entertainment Limited’s subsidiaries have been busy this week doing an acquisition and hiring a new executive, respectively.
