China Console Firms Merge

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SEPT. 5, 2014 • Last month Chinese president Xi Jinping called on the business community to create powerful media groups that possessed credible mainstream media assets as well as media based on new technology. Now one of the huge state-run entertainment enterprises, Shanghai Media & Entertainment Group, has finalized an asset restructuring to create just ...Continue Reading

New Xbox One Markets

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SEPT. 3, 2014 • September was already an important month for launching the Xbox One in new markets with China, Japan and India already announced. But this week Microsoft Corp. firmed up another 25 nations that will get the console. The new markets getting the Xbox One this week are: Belgium, Chile, Colombia, Czech Republic, ...Continue Reading

GameFly Unloads Direct2Drive

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AUG. 25, 2014 • Three years after digital distributor Direct2Drive was acquired from News Corp by GameFly, Inc., the service has been sold to Taipei-based AtGames Digital Media Inc. Terms of the acquisition were not disclosed. GameFly announced the agreement on its website via a note to its customers stating the game retailer will continue ...Continue Reading

Xbox One Pre-Orders in China

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JULY 29, 2014 • JD.com Inc., the second largest e-commerce player in China after Alibaba Group Holding Ltd., is taking 500 yuan ($81) pre-orders for the Xbox One between July 28 and July 30. In a nod to the popularity of online chat services in the country the pre-orders are being taken via Tencent Holdings ...Continue Reading

China Mobile Growth

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JULY 21, 2014 • For the first time Chinese who use their smartphones to access the internet (83.4%) outnumber PC users (80.9%). As of June 30 total internet users in China had reached 632 million, of which 527 million were mobile users. At the end of 2013 there were 618 million internet users. The figures ...Continue Reading

Digital Extremes Targeted

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JULY 8, 2014 • In a disclosure with the Hong Kong Stock Exchange, Sumpo Food Holdings Ltd. has outlined its intent to partner with Perfect Online Holding Ltd. to acquire Ontario, Canada-based developer Digital Extremes Ltd. The Chinese firms have entered into a non-binding term sheet with the studio under which Digital Extremes agrees not ...Continue Reading

PS4 Heads to China

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MAY 27, 2014 • Sony Computer Entertainment has set up two joint ventures with state-owned Shanghai Oriental Pearl Co. Ltd. to bring the PlayStation 4 to China. One of the joint ventures will be responsible for console hardware manufacturing and sales; while the other is concerned with software development, distribution, marketing, and network services. The ...Continue Reading

Tencent Mobile Take Triples

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MAY 15, 2014 • In first quarter financial reporting Tencent Holdings Ltd. announced that revenue generated by its smartphone games tripled from 600 million yuan ($96.3 million) to 1.8 billion yuan ($289 million) from the previous quarter. During the period the paying player base for this mobile content more than doubled. For the quarter ending ...Continue Reading

China Carriers Publish Games

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MAY 5, 2014 • The three major mobile carriers in China – China Mobile Ltd., China Telecom Corp., And China Unicom Ltd. – have agreed to jointly publish 100 smartphone games by the end of the year. The three telecoms will set up a panel to weigh submissions from game studios and will then manage ...Continue Reading

China Online Games at $13.1B

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MAY 1, 2014 • China's Ministry of Culture released its annual report noting that the domestic online games industry generated 81.9 billion yuan ($13.1 billion) in revenue during 2013, an increase of 36.3% over 2012. Giant Interactive Group Inc., Kingsoft, Netease, Perfect World Entertainment Inc., SNDA, Sohu Changyou.com, and Tencent Holdings Ltd. accounted for 54.4 ...Continue Reading