Forbes China just released the mainland China’s most promising small businesses list for 2014. Boyaa Interactive International and Shanghai Kingnet Technology Co., both being gaming companies, top the most promising listed and privately held small businesses, respectively.
Gaming has been one of the most popular services and the lucrative in China Internet market. In the past year Chinese gaming industry saw good money began coming in from mobile games. A wave of investments and consolidations happened in the sector in 2013. It is expected mobile gaming will be the revenue driver for China’s mobile Internet market in 2014 and beyond.
Boyaa Interactive International, a game developer and operator, went public on the Hong Kong Stock Exchange in late 2013. Two more Chinese gaming companies, IGG and Forgame, launched IPOs in Hong Kong in the year.
Shanghai-based Kingnet was founded about five years ago. The company became the top third-party developer in terms of revenue on Tencent’s open platform in 2012. In 2009 it received funding from Kleiner Perkins Caufield Byers.