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Venture Capital
by Greg Cruey on May 30, 2007
HiPiHi hopes to launch a virtual world for China that would be similar to Second Life, "a 3-D virtual world entirely built and owned by its residents," according to that company's website. Virtual worlds are generally seen as the next step in online gaming, a move away from multiplayer online role-playing games (or MMORPGs) that have usually been fantasy based sword-and-sorcery games.
The landscape is becoming crowded in the race to launch a virtual world in China. The Financial Times reported earlier this month that Shanda Interactive Entertainment (Nasdaq: SNDA) was also interested in developing and marketing a virtual world game similar to Second Life for China. Shanda is China's leading online gaming company with an market share of about 19 percent and is seen as having an advantage because it already has a large community of users. In addition to Shanda, HiPiHi will have to compete with Ambient Sound Investments (ASI) and their Hong Kong-based Frenzoo virtual world. ASI, owned by former co-founders of Skype, recently bought into Frenzoo.
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/72769
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Vote for HiPiHi Gets VC Funds, but Can They Beat Shanda?:
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Rating: 8.33 out of 3 vote(s) cast.
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Response from:
SuezanneC Baskerville
(06/22/07 1:10am)
Is anyone able to get the Hipihi beta running successfully on Windows XP English version?
Response from:
SuezanneC Baskerville
(06/25/07 12:34pm)
The Hipihi beta test is proceeding on schedule, and from what I've seen it looks like they have a nice product on it's way.
Is there in fact a Shanda virtual world or is it still just in the discussion or complete stealth phase?
If it does exist what does I have to do to try it out?
Is there in fact a Shanda virtual world or is it still just in the discussion or complete stealth phase?
If it does exist what does I have to do to try it out?
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