Perfect World might be the next publicly traded Chinese online games operator to go private, following similar moves by Shanda Games and Giant Interactive. Perfect World’s chairman of the board, Chi Yu Feng, offered $3.49/share for the company. The news pushed the stock price up 22% on NASDAQ.
The Vietnam Trans-Pacific Internet cable has ruptured again – this is at least the third time in recent months that this has happened and has caused a reduction in broadband capacity. It seems remarkable that such an important cable keeps rupturing. Vietnam has a vibrant online games culture and reduced broadband speeds and capacity will impact online games usage.
According to Marbridge Daily, Kingsoft announced that it will partner with Guangzhou-based online game operator Huaduo Group to jointly operate games developed and owned by Kingsoft or licensed by Kingsoft. Huaduo will provide operational services. Huaduo is also the PRC operating entity for YY Inc’s (NASDAQ: YY) browser gaming portal duowan.com.
Xiaomi’s hugely successful sales of smartphones in China and beyond as well as Alibaba’s giant IPO made it into Techcrunch’s Top 10 Biggest Tech Stories in Asia in 2014. We would also include IDC’s prediction that Chinese consumers will purchase 50% of all smartphones globally in in 2015.