Posts Tagged ‘MMORPG’

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 […]


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 […]


China’s Tencent, Kingsoft Form Game Alliance

Chinese tech titans Tencent and Kingsoft will soon begin operating their online games together. Kingsoft and Tencent are reportedly planning to jointly operate JX3 Online, the flagship game product of Kingsoft. JX3 Online started public beta test in August 2009 and has been jointly operated by Kingsoft and Shanda since May 2010. Previously, Tencent and […]


Qihoo 360’s Safebox Software Will Integrate With Uuu9.com

Chinese Internet security software provider Qihoo 360 announced that its 360Safebox software will be integrated into Uuu9.com, a Chinese portal for gaming information. According to Qihoo 360, the new company established after the integration will be positioned as an open gaming platform that uses 360Safebox for Internet security protection. Liu Liang, chief executive officer of […]


China’s Kingsoft Net Profit Up 26% In 2009

Chinese software and online game provider Kingsoft has published its annual financial report for 2009, stating that its total operating revenue for 2009 increased by 25% year-on-year to CNY1.022 billion, including 67% contributed by the online game business and 32% from software.
Kingsoft said that the operating revenue of its online game sector was CNY684.2 million […]


Initiative Launched For Parents To Supervise Online Games In China

According to ifeng.com, an initiative has been launched in China to enable parents to supervise computer games that their children play.
The first batch of six online game operators who joined the initiative are Wanmei.com, Tencent, Shanda, Netease, Changyou and Giant Interactive. As initiators of the self-discipline program, the parties will arrange a special webpage on […]


NetEase Gains Chinese Government Approval To Operate Online Game

Chinese Internet media company NetEase.com Inc. now has approval to run its World of Warcraftmore….


Investors Attack The9 For Alleged Inaccurate Financial Statements About Chinese Online Games

A law firm in the United States is going after Chinese online gaming firm The9 in a new class action lawsuit claiming that The9’s executives made inaccurate statements about the company’s financial situation.
Coughlin Stoia Geller Rudman & Robbins LLP announced that a class action has been commenced in the United States District Court for the […]


Chinese Game Regulations Cause Giant Interactive’s Revenue To Fall

Taking advantage of the weeklong national holiday in China, online game development company Giant Interactive Group Inc. has tried to sneak through a press release that should cause alarm for investors.
Giant Interactive announced that after a preliminary review of its third quarter 2009 performance, it expects third quarter 2009 revenue to be between CNY272.0 million […]


China Implements Stricter Management Of Virtual Currency

China’s Ministry of Culture and Ministry of Commerce have jointly focused on the management of virtual money for online games with a new regulation which states that virtual currency should not be used in trade of real goods and services.
According to the regulation, the enhanced management of online games focuses on four aspects: the issuers […]