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Angry Birds Taking Off in China, with First Partner MadHouse for Mobile Ads
[Translate] Once again, Angry Birds are overwhelmed by meetings/events/conferences in China. The difference, compared with the April at GMIC, is that at that time only Peter Vesterbacka was the super star, but this week in Shanghai, Angry Birds’ new appointed leader for China/Asia, Henri Holm also showed up together with his China team. They came...
Yahoo!, Alibaba and Softbank Come to Agreement over Alipay Dispute
[Translate] Alibaba Group, Yahoo! Inc and Softbank reached agreement over the controversial transfer of Alipay to a company controlled by Jack Ma, the founder and CEO of Alibaba. Under the agreement, Alibaba will receive no less than $2 billion and no more than $6 billion in proceeds from an IPO of Alipay or other liquidity...
iResearch Values China Online Game Market at 9.48bn Yuan
[Translate] From Thursday to Sunday this week, the Shanghai ChinaJoy Game Expo is on. The Expo is a big opportunity for companies to showcase their new titles to a mass gathering of hardcore Chinese gamers. Like car enthusiasts being wooed by gorgeous car models, gaming companies are using an arsenal of attractive female models, dressed...
Korean AR Company, Mobile Bus to Release 3 Kingdoms Game
[Translate] A few months ago, there were a few augmented reality conferences in Beijing. So while in Seoul, Korea recently I paid a visit to one of the companies I met here – MobileBus. Established in 2006, MobileBus started with two people as a 3D gaming studio but now has over sixty people across Korea...
Weibo, the Infomation Center or Game Center?
[Translate] Together with Weibi, the virtual currency, the Game Center of Sina Weibo was launched early this week. The first invitation I got was from Season Xu, the co-founder of Five Minutes which is the producer of Happy Farm that really smashed Chinese social gaming industry back in 2009. Five Minutes is the first to...
Gaopeng Lay offs in Tier2 and Tier3 Cities
[Translate] Gaopeng, the Chinese subsidiary of Groupon has been drastically cutting staff in tier3 cities with people from operating and administration division were affected, and the layoff plan will be expanded into tier2 cities as well, according to people familiar with the situation. Since its founding in the March of this year, Gaopeng, the...
UMeng Raise ~$10M from Matrix Partners, Targeting at Mobile Advertisement Market
[Translate] We reported the rumor 2 months ago saying UMeng, the Innovation Works portfolio company was to close its serial A funding. Today, the news has been confirmed by UMeng team: around $10 millions has been raised for this round and Matrix Partners is the lead. UMeng helps developers analyzing and making sense of all...
Japanese DeNA Launched Mobage, the Mobile Social Game Platform for China
[Translate] DeNA entered Chinese mobile market by acquiring the local mobile social network Tianxia back in July 2009. It’s been two years, we’ve been wondering how DeNA would bring its popular mobile games into Chinese mobile market. Finally today DeNA released its Chinese version of Mobage, the mobile social game platform which has ~30 millions...
QQ Now Leads Group Buying Market with 10%, Lashou Drops to 10th Position
[Translate] Just last month, we reported Lashou was the leading group-buying site in China accounting for 14.4% of market share in terms of revenue. Just one month later, the fierce group-buying battle field shows that QQ now dominates the market with 10% market share (up from 6th place) and Lashou has dropped to the 10th...
Tencent Zynga Team up to Launch Localized CityVille Game
[Translate] The leading social game vendor Zynga has teamed up with Tencent to bring its popular title CityVille into Chinese game market. The Chinese version of CityVille will be rebranded as Zynga City, The title will first be made available in beta version on Pengyou, Tencent’s latest approach to social networking site, and then...
Airbnb Raises US$212m in Series B, Giving US$1.3bn Valuation
[Translate] In a press release yesterday, Airbnb announced “Airbnb, the leading online community marketplace that lets anyone discover and book unique spaces from people around the world, today announced that it has received $112 million in Series B financing from Andreessen Horowitz, DST Global, and General Catalyst, bringing the company’s total funding to $119.8 million....
Baidu Releases 3RD Party Login Service Baidu Connect
[Translate] Baidu, the largest search engine in China, has just released its own third party login service Baidu Connect. Many Chinese internet initiatives such as QQ, Sina Weibo, Renren and Kaixin001 had already offered such service for quite some time. Baidu Connect is built on the basis of its Developer Open Platform, which is...
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