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ZQGame Acquires Mobile, Browser Gaming Firms

DoNews, 3/19/11

Shenzhen-based online game developer and operator ZQGame (Zhongqingbao Interaction Network) (300052.SZ) has announced that its investment subsidiary, Zhongqing Jubao Information Technology, has completed two acquisitions, valued at RMB 39.13 mln, that bring the company's operations into both the mobile gaming and browser gaming markets.

ZQGame acquired a 51.1% stake in Shenzhen-based online game developer Shenzhen Huanyou Science & Technology Co., Ltd. for RMB 3.13 mln, and a 43.3% stake in Beijing-based mobile phone and web game developer and operator Beijing Skylink Information Technology for RMB 36 mln.

Keywords: M&A Shenzhen Huanyou Skylink mobile gaming ZQGame Internet 300052.SZ online gaming browser game

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