Archive for Game News

Softstar's Scar of the Sky OL to fail again in China

August 4, 2011 3D MMORPG Scar of the Sky OL, which was developed by Softstar Inc and operated by Shanghai Ferry Game, will cease operations soon. The game, like XianJian QiXia Zhuan OL (also known as The Legend of Sword and Fairy), has been online for less than half a year; both games are Softstar's products and both have failed in the China market. Though Softstar keeps failing in the online games industry, its PC game XianJian QiXia Zhuan 5 is a big success in China and has al ...... More

Valve confirms to release DOTA 2 this year

August 4, 2011 Valve will finally lift the lid on DOTA 2 during a tournament at Gamescom later this month, with the game due on shelves “later this year”. Sources have confirmed that some Chinese e-sports teams had received DOTA 2 clients to test the game. Insiders believe there are 5 million DOTA players in China and most of them are young gamers. Several DOTA type games have emerged in recent years, like LOL , Three Countries for Commandeer and Dream of Three Ancient Kingdoms, whic ...... More China Social Games Monthly Report [July 2011]

August 4 , 2011 Tencent's popular games this month According to statistics from Tencent, Zynga's CityVille has performed well since it launched on July 26 and it now ranks 6. GameLook believes Tencent will do everything to make CityVille a big success to attract more foreign games giants. Kunlun has three TOP10 games on Pengyou last month. Hoolai's Hoolai Three Kingdoms ranks the third. ismole's Ninja Village ranks the forth and it will en ...... More China MMO Game Monthly Report [July 2011]

Research China's Online Games Publishing Industry to Reach 57.8 Billion Yuan in 2015 iResearch: 2011Q2 China's customer online game market size arrived 9.48 billion Yuan CNNIC: China's online gamers stood at 311 million in June, 2011 Analysys: China's net client games revenue reached 8.7 billion RMB in 2011Q2 ChinaJoy2011 ChinaJoy2011: Viewpoints of First Day Summit Forum ChinaJoy2011: Viewpoints of First Day Summit Forum 2 South Korean Games Companies Made ...... More

Perfect World to Launch Unlimited Closed Beta Testing for “Heaven Sword and Dragon Saber” on August 18

August 5, 2011 Perfect World Co., Ltd. (NASDAQ: PWRD) recently announced it will launch unlimited closed beta testing for Heaven Sword and Dragon Saber, the company's 2D martial arts MMORPG, on August 18, 2011 . Heaven Sword and Dragon Saber is Perfect World's first 2D martial arts MMORPG. Adapted from Louis Cha's acclaimed novel of the same name and based on Perfect World's “AX” technology, the game will present gamers with an exciting and sophisticated world of ...... More

Giant Appoints New Chief Financial Officer

Giant Interactive Group Inc. (NYSE: GA), one of China's leading online game developers and operators, today announced the appointment of Jazy Zhang as chief financial officer effective August 9, 2011. Ms. Zhang replaces Eric He, who has decided to leave Giant to pursue other opportunities. Ms. Zhang brings with her over seventeen years of extensive experience in executive management, finance and accounting roles including significant positions at a big four accounting firm and seve ...... More

UltiZen Games Aligns with GREE

Today UltiZen Games Limited Shanghai (Headquarters: China Shanghai; CEO: Lan Haiwen; “UltiZen”),  China browser and smartphone game developer and publisher announced the alliance with GREE, Inc. (Headquarters: Minato-ku, Tokyo; Founder and Chief Executive Officer: Yoshikazu Tanaka; Listed in the First Section of Tokyo Stock Exchange; Code: 3632; “GREE”). GREE aspires to offering the “No.1″ community service which is widely utilized by the people all over the world by providing good qual ...... More

Giant Interactive Announces Second Quarter Fiscal 2011 Results

Giant Interactive Group Inc. , one of China's leading online game developers and operators, announced today its unaudited financial results for the second fiscal quarter ended June 30, 2011. Second Quarter 2011 Highlights: Net revenue was RMB436.2 million (US$67.5 million), an increase of 8.2% from the first quarter 2011 and an increase of 35.6% from the second quarter 2010. Gross profit was RMB372.8 million (US$57.7 million), an increase of 9.5% from the first quarter 2011 and a ...... More

Shanda Games' “Dragon Nest” was Recognized With Three Major 2011 Asia Online Game Awards

August 10, 2011 Shanda Games Limited (“Shanda Games”) (Nasdaq: GAME), a leading online game developer, operator and publisher in China, announced today that one of its leading games, Dragon Nest, received “China Most Popular Online Game Award”,“Asia Best Design Award”, and “Asia Best Technology Award” at the Asia Online Game Awards Ceremony organized by the Hong Kong Game Industry Association on August 2, 2011, in Hong Kong. The Asia Best Design Award recognizes the best game system ...... More

Tencent Announces 2011 Second Quarter and Interim Results

Tencent Holdings Limited (“Tencent” or the “Company”, SEHK 00700), a leading provider of Internet and mobile & telecommunications value-added services in China, today announced the unaudited consolidated results for the second quarter and the first half year of 2011 ended June 30, 2011. Highlights of the First Half of 2011: Total revenues were RMB13,077.5 million (USD2,020.7 million(1)), an increase of 47.0% over the first half of year endedJune 30, 2010 (“YoY”). Revenues from In ...... More

NetDragon Announces 2011 Second Quarter and Interim Results

NetDragon Websoft Inc. (“NetDragon”; Stock Code: 777), a leading developer and operator of online games and mobile Internet applications in China, today announced its unaudited interim financial results for the period ended June 30, 2011. Additionally , a management conference call and live webcast is scheduled at 7:00 PM Hong Kong time, August 25, 2011 to review financial results and recent business developments. Second Quarter 2011 Financial and Operational Highlights Net Revenue wa ...... More

Perfect World completes acquisition of Cryptic Studios

Chinese MMO developer Perfect World has completed its acquisition of Cryptic Studios from Atari. The deal was announced in M​​ay, with Perfect World paying around €35​​ million ($50.2m/£30m) in cash for the company. “This strategic acquisition will add attractive game titles to our portfolio, which will help us further penetrate into the US and global online game markets,” Michael Chi, chairman and CEO of Perfect World, said at the time. “More importantly, Cryptic Studios' highly ...... More

Asia's Leading Social Game Developer Happy Elements Raises $30 Million

BEIJING – October 17, 2011 – Top global social gaming developer Happy Elements today announced that it has raised $30 million in a Series B funding round. Led by Legend Capital with participation from existing investor DCM, the new funding will be used to expand more aggressively in Western markets and to make an entry into the mobile entertainment marketwith the launch of several new smartphone games in 2012. The capital will also be used to aggressively recruit diverse talent from acro ...... More

Shanda Announces Receipt of Non-Binding Proposal to Acquire All Outstanding Public Shares at $41.35 per ADS in Cash

SHANGHAI, October 17, 2011 /PRNewswire-Asia/ — Shanda Interactive Entertainment Limited, incorporated in the Cayman Islands (“Shanda” or the “Company”) (Nasdaq: SNDA), a leading interactive entertainment media company in China, today announced that its Board of Directors has received a preliminary non-binding proposal letter from Mr. Tianqiao Chen, Chairman of the Board, Chief Executive Officer and President of Shanda, to acquire all of the outstanding ordinary shares of the Company not ...... More

COG will present at Gstar with nearly 10 games including 'Soul of Iron' and 'War of Glory'

G-star will be open on Nov 10, 2011 at Busan. COG, as the professional platform for publishing China's top online games, will present at Gstar BTB exhibition area with 8 games such as 'Soul of Iron' and 'War of Glory' to end the world tour of 2011. Gstar attracts a lot of exhibitors for its magnificent scale and unique business opportunies. e. This year 380 companies from 28 countries all over the world will be engaged in the Gstar. And all the exhibition booths ...... More