On Monday evening SIG analyst Zhao Chunming downgraded Tencent from positive to neutral over concerns about its valuation in the face of a slowdown in the Chinese online game market. 48% of Tencent’s revenue comes from online gaming, and in the last several weeks Perfect World, Shanda Games, Giant Interactive and Netease have all issued [...]
Ku6, acquired by Shanda (Nasdaq:SNDA) controlled Hurray Holdings (Nasdaq:HRAY) in November 2009, is now poised to become the first US-listed pure play Chinese online video site. I have written extensively about China’s online video business. To date more than $500M has been invested into various Chinese firms, with the field effectively winnowed down to four standalone [...]
Inside Social Games reports on a couple of rumors making the rounds recently: Social Rumors about Chinese Gaming Companies: Tencent Looked at CrowdStar, Shanda Going for RockYou?. I doubt either of these transactions will occur; Tencent is said to have backed away from Crowdstar when the price approached $200m, and Rockyou, which has raised $117M, is [...]
Niko Partners, run by a good friend, has released its latest survey of the China Game Market. Per the release: Niko Partners, the leading market intelligence firm on China’s video game industry, today announced preliminary results from its upcoming Annual Review & Five-Year Forecast on China’s video game industry, citing $3.57 billion in revenue from [...]
Shanda Games ($GAME) purchased Mochi Media, a flash game distribution and advertising platform, for a reported $80m. It is Shanda’s first move into the US market. Several of the other leading Chinese game firms are already operating in the US or have announced plans to enter the market. Perfect World ($PWRD) operates English versions of some [...]
Items of Interest