Whole Network Entrepreneurshi... Innovation IPOs News Policy Private Equity Venture Capital

 

More Games: Coming Soon to a Stock Market Near You...

Filed in archive Venture Capital by Greg Cruey on June 11, 2007

Coming soon... Chinese MMORPG's, to Your Stock Market
With all the recent activity to start a virtual world for China's Internet audience and with companies like The9 getting large chucks of venture capital money to bring Chinese gamers a higher quality of product, it's no surprise to hear from Gareth Powell at China Economic News on Friday that more of China's online gaming companies are looking at floating IPO's in markets outside China in the next year.

China has become the world's second largest Internet marketplace. Internet use in China actually surpassed American Internet use sometime last year. There are now between 150 and 200 million Internet users in China. Forbes reported last year that American users spent about 130 million hours per week on the Internet, while Chinese users spent a whopping two billion hours per week at their terminals.

Online gaming has become a preoccupation in Communist China. Take, as an example, the story that Luke Razzell blogged last month about the Chinese couple fighting for custody of their online identities in divorce court. The estranged husband and wifelinks jointly owned more than 10 ZhengTU Online accounts - each representing an online identity. Because of the level of success they had achieved through the game, each identity, according to Razzell, is worth about RMB 10,000 (around $1,300). The husband wants to keep all ten online identities and let the wife have their newly renovated apartment. The wife wants to split the real stuff and the virtual stuff down the middle. The story was also covered by Pacific Epoch.

So with such enthusiasm for its product in the Chinese market place, ZhengTU is one of the companies looking at floating an IPO in the next year. At the moment ZhengTU is China's third place gaming company and has about a 15% market share in China. Also looking at an IPO next year: 9you and Kingsoft, both in the gaming company top ten in China...






Permalink: More Games: Coming Soon to a Stock Market Near You...
Tags: Shanda  NetEase  The9  Zhengtu  9you  Kingsoft  China  online  games 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/74654





RSSrss   | See all blog subscribe options
Google google   |   What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter
Grouptivity

Use the search to look for other interesting posts

  • ChinaVentureNews seeks news contributions



    If you are an analyst, tech company, private equity firm, service provider or entrepreneur with news to share related to China venture capital send us your relevant news release.

    CVN will post it to our site. We reserve the right to edit the copy because of space limitations, and to make summaries of the release when appropriate-- although a full copy of the release will always be linked to.

    Thank you!

    Please simply use our form here.


 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give us a call at +1 (650) 331 4900.


  • Testimonials

  • 'Exactly what I am looking for.'

    "One of my favorite blogs."


  • Other blogs in the same channel in the Creative Weblogging Network







 

Tagcloud: Agreement Blogs Book review Commodities Conferences Entrepreneurship Incubators and Science Parks Information Sources Innovation Internet IPOs Law M&A Mergers and Acquisitions News Outsourcing Policy Private Equity Sovereign Wealth Funds Sponsored Post Stocks Studies Technology Report VC and PE: education and training Venture Capital Yuan Renminbi