Like the mobile payment industry, China’s gaming market is a highly cleaned-up field, where Tencent and NetEase take a dominating 70% of the market. Instead of diving into the competitive market, increasing domestic internet companies are turning their sights to Southeast Asia (SEA), a relatively untapped region that not only shares a similar culture with […]
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Why Intellectual Property Is Now Hot Property In China Tech
The term ‘IP’ has emerged from general obscurity in the Chinese tech market to become one of the hottest buzzwords over the past few years. While China has historically been notorious for weak intellectual protection, tech giants and startups alike are beginning to tap into the all-valuable IPs behind gaming, film, TV and a wealth of other copyrighted content. It’s […]
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Chinese Online Gaming Firm Giant Interactive Gets into Pictures
Chinese online game developer and operator Giant Interactive Group is getting into China’s booming movie business, local media reports said. According to the reports on Monday, the company has formed a new subsidiary called Giant Pictures (Jùrén Yǐngyè / 巨人影业) It is the first major move Giant has made since it was privatized in 2014 […]
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Another Homegrown Chinese Console Is On Its Way, With $60M In Backing
Fuze Entertainment, a Chinese game console maker founded by Wang Feng, CEO of game developer LineKong, has announced $60 million USD in funding from a consortium including IDG Capital, Northern Light Venture Capital, Fosun Ventures and LineKong. The company has a core team coming from Huawei, NVIDIA, Microsoft, TCL and Tencent. The new funding is primarily earmarked for new gaming content and user […]
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Chinese Gaming Company Linekong Entertainment Files for IPO on HKEx GEM
Linekong Interactive Co. Ltd., a Chinese online game developer and distributor, has filed for IPO on HKEx Growth Enterprise Market. Founded in 2007 and starting with PC-based games, Linekong shifted focus to mobile games in 2013. Update: Linekong launches IPO on December 30, 2014 to raise HKD720 million (about US$93mn). Different from most mobile gaming businesses […]
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Mobile Game Developer LineKong Rakes in $80 Million of Series C Funding
Wang Feng, CEO of mobile game developer LineKong, confirmed today the company had secured $80 million of Series C funding from consortium consisted of Orchid Asia, SAIF Partners, Starwish Global Limited, Profitable Century International Limited. The company has received overall $35 million of investments from IDG Capital Partners, Northern Light Venture Capital, NEA in previous rounds of […]
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China’s Budding Android Console Market Is Already Getting Very Crowded
In July this year China completely lifted a 15 -year-old ban on gaming consoles, and the country’s budding developers have already tapped into the fastest way to the market: Android-based consoles. Producing an Android-based solutions, similar to Ouya’s US$99 console, allows companies to enter the market without waiting to develop their own systems, while maximizing China’s powerful manufacturing capabilities […]
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China’s Tech Giants Taking On the Domestic Entertainment Industry
Until quite recently, online video streaming sites purchasing copyrighted content from film and television producers was the only connection between internet companies and the entertainment industry. But now this case is changing. A flock of Chinese internet companies are making major pushes into the entertainment industry to take a piece of China’s booming online consumption […]
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Game Developer LineKong To Go Public in Hong Kong: CEO Wang Feng
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 […]
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Cursed? China’s Smart Hardware Shipping Strife
One headache haunting smart hardware manufacturers able to convince customers to pre-order their products is to meet the shipping schedule as promised. Unfortunately, the problem often affects most Chinese smart device makers, both big companies developing products with their own capital and small hardware makers raising money from crowdfunding sites. T-watch, a smartwatch developed by Tomoon […]
