LineKong, an online game developer, planned to launch IPO in Hong Kong in 9 months, according to Wang Feng, CEO of the company. Wang said that the company has recorded profits, satisfying the conditions to go public in Hong Kong market (report in Chinese).
Excalibur
This decision is driven by the favorable performance of Excalibur (formerly known as The Legend of King), a mobile RPG released by LineKong after the firm shifted focus to mobile gaming sector in April. Excalibur has recorded a monthly turnover of 45 million yuan, gaining access to 120 gaming platforms and being downloaded for more than 20 million times, according to Wang. The company planned to launch the testing of another mobile game Sword of Heaven in September. Furthermore, LineKong also made headways into game publishing arena by establishing a publication center headed by the company’s president Liao Mingxiang.
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