August 3, 2011
Mobile games developer Glu Mobile (Nasdaq: GLUU) announced a partnership with Chinese media company TOM Group (HKEx stock code: 2383) in “a strategic partnership that will include the development of a smartphone storefront community for the Chinese market.”
This cooperation will combine Glu’s high-quality social mobile games with TOM Group’s mobile internet cloud experience and e-commerce infrastructure. Both companies will bring unique assets to the partnership which is focused on building glu.cn into a leading smartphone community portal in China, which is scheduled to launch in the fourth quarter of 2011.
“This partnership with TOM Group is a significant step in our global strategy and will accelerate our smartphone growth in China,” said Glu President and CEO Niccolo de Masi. “Glu.cn is scheduled to launch in Q4 2011 and we believe it will become quickly recognized by the Chinese gaming community as the leading destination for high quality smartphone and tablet games.”