Posts Tagged ‘Internet game’

Kingsoft Operating Revenue Up 69% While Profit Slides

KingsoftChinese software provider Kingsoft published its unaudited performance for 2015, stating that its operating revenue reached CNY5.676 billion, a year-on-year …

China’s To Invest USD3 Million In Canadian VR Gaming Company

virtual realityChinese browser and mobile game developer and publisher announced that its controlling subsidiary G-Mei Network will invest USD3.167 million …

Nothing Artificial About China’s Kalends Latest U.S. Investment

robotChinese Internet game distributor Kalends plans to invest USD800,000 into American new-generation robot company Woobo Inc. With this deal, Kalends …

Perfect World Former CBO Joins Qihoo 360

Xu Yiran, former senior vice president and chief business officer of Perfect World, has joined Chinese Internet security firm Qihoo 360. Xu will be president of Qihoo 360’s gaming business line. In this new role, Xu will be responsible for Qihoo 360’s existing gaming businesses, including client-based games, web games, and mobile games. And he […]

Kingsoft Teams With HP For Chinese Cloud Computing

Kingsoft Cloud has reached a deal with HP to provide medical, banking, and gaming industry customers with platform and application services based on private and mixed clouds. As both companies have private cloud businesses in China, Zhang Hongjiang, chief executive officer of Kingsoft, said HP has a deep understanding of the Chinese market. When launching […]

Qihoo 360, The9 Form Joint Venture In China

Chinese Internet security provider Qihoo 360 and online game developer and operator The9 will establish a joint venture. Meanwhile, Qihoo 360 will become the exclusive operator for The9’s online role-playing shooter game FireFall in China. FireFall is developed by the American online game development team Red 5 Studios. Founded in 2005, Red 5 Studios is […]

China Lifts Gaming Consoles Ban In Shanghai Pilot Free-Trade Zone

Partially ending a 13-year ban, the State Council of China has issued word that foreign companies are allowed to engage in gaming device production and sales in the Shanghai Pilot Free-Trade Zone. Those gaming products can then be sold to the Chinese market with the approval of the related culture administrative departments. According to the […]

Kingsoft Gained Net Profit Of CNY381 Million In H1 2013

China’s Kingsoft published its interim financial report and the financial report for the second quarter of 2013, stating that the company achieved operating revenue of CNY953 million in the first half of 2013, a year-on-year increase of 55%; and its net profit reached CNY381 million. Meanwhile, the company’s operating revenue for the second quarter of […]

Copyright Problems: Xunlei’s Terminates Chinese Search Service

Chinese Internet company Xunlei announced that its search service will soon terminate operations. The website’s notice stated will be shut down soon, at an indeterminate time. It also expressed its thanks to users and apologized for the inconvenience. However, the notice on the website was recently changed, stating that to coordinate with their […]

Kingsoft Net Profit Up 11.8% In Q2 2012

Chinese software provider Kingsoft’s performance report for the second quarter of 2012 shows that its operating revenue reached CNY320 million, a year-on-year increase of 23%; and its net profit was CNY120 million, a year-on-year increase of 11.8%. According to the report, Kingsoft’s entertainment software sector business contributed 65% of the total operating revenue while its […]