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China Online Gaming Roundup: FunPlus, RMB57.7B, Consolidation
Social Games Vendor FunPlus Raising US$12M from GSR: Social gaming developer FunPlus Game announced raising US$ 12 million in Series A round of funding from GSR Ventures.
Founded in H1 of 2010 with headquarters in both Silicon Valley and Beijing, the company earned its credit as the largest Asia social gaming vendor in terms of daily active user numbers on Facebook platform.
China Online Gaming Market to Reach RMB57.7B in 2012: China’s online gaming market size will reach RMB 57.7 billion in this year, according to a report out last month by Beijing-based market researcher Analysys International, up 20.7% from last year, while webpage games will account for RMB 7.882 billion.
Another report conducted by 17173.com, the gaming portal of Sohu, has found that more than 96% of gamers are willing to pay for online games.
China Mobile Gaming Market Size: According to a report by Analysys International, China mobile gaming market size stood at RMB 370 million in the fourth quarter of last year with 30.28 million mobile gamers. The market is picking up as the result of proliferation of smartphones and emergence of attractive mobile games.
Webpage Gaming Market Needs a Consolidation: As “associated operation” has became the sorta norm of webpage gaming operational model, it served as one of the major revenue sources or even a cash cow for many Chinese Internet companies like VeryCD (game.verycd.com), Qihoo 360 (wan.360.cn), Sogou (wan.sogou.com), 37wanwan.com (a Chanyou subsidiary), Duowan (web.duowan.com) and 178 (game.178.com).
For instance, Qihoo 360 noted in its 3rd quarter 2011 financial results report that the company’s “Internet value-added service revenues, which are mainly derived from web game operations, were $12.1 million, up 198% from the same period last year and 49% from the prior quarter. The year-over-year and sequential growth was mainly driven by the accelerated growth of the games’ user base.”
However, sometimes the more fruitful the market is, the more chaos it brings. Numerous website which are not specializing in online gaming flocked into the market to grab something from gamers’ pocket. A consolidation is required for long-term development.
360 Gaming Center
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