AppChina.com, a third-party Android app store, claims it has recorded remarkable profits, maintaining sustainable growth momentum this year, the company’s CEO Yuan Cong said at an interview. Yuan added that more than 50 percent of the company’s revenue was attributed to mobile games (source in Chinese).

As one of the incubation projects in Kai-Fu Lee’s Innovation Works, AppChina.com was founded in 2010 and finalized Series A financing in 2012. It hosts more than 640,000 apps and has well over 30 million users.

The company’s commercialization model has been questioned for mimicking the App Store model in Chinese market. It has tried nearly all the business models available in the startup period, such as software distribution, Advertising SDK, paid electronic books, app campaigns for brands, among others. But none of them proved to be successful.

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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.