Ourpalm (SZ: 300315), an A-share gaming company, invested a total of 2.55 billion yuan ($416.51 million) to acquire a 100% stake in Playcrab (1.74 billion yuan) and a 70% stake in Shanggame (814 million yuan) via cash payment and private placement after three months of suspension (report in Chinese).

Playcrab, a leading domestic game developer, generated 96.69 million yuan in 2013 H1. It ranked the fifth in domestic gaming market with a market share of 3.8%, according to 2013 H1 research conducted by Enfodesk. The company’s flagship games are Kung Fu mobile game Big Head and Ninja, a strategic mobile game.

Shanggame attracted more than 43 million registered players after opened up to Tencent platform one year ago, recording over 149 million of recharging fees. The company’s premium product is Tafangsanguo.

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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.