A raft of A-share companies has made ambitious moves to acquire mobile gaming companies in the burgeoning nascent market. Investors saw opportunities in the industry which boasted 286 million subscribers (source in Chinese) as of the end of 2012, boosting the performance of shares related to the sector.

Ourpalm (SZ:300315) announced recently that it would acquire a 100 percent stake in Dovo Technology Inc., a game developer, with 810 million yuan (source in Chinese). Dovo Technology generated 57.08 million yuan of net profit in 2012. Ourpalm is seeking for another acquisition target to expand its gaming empire.

Zhejiang Daily Media Group (SH:600633) acquired two gaming subsidiaries under Shanda Group; Datang Telecom (SH:600198) merged Yaowan.com; B-Ray Media (SH:600880) acquired Gamegoo Information Technology and Huayi Brothers (SZ:300027) merged Yinhan Technology.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.