Rumor: Giant Interactive Invests in Mobile Gaming Firm

DoNews, 6/17/13

According to an industry source, Beijing-based mobile game developer Royal River Network Technology has won funding from online game developer and operator Giant Interactive's (NYSE: GA) "Win@Giant" angel investment plan, becoming the first mobile game developer to win funding from the plan.

Royal River's first product is a 2D mobile strategy game called Hanmo Qunxiong, which has begun open beta testing on numerous Android gaming platforms. An average of 8% of players on each platform charged their game accounts on the first day of open beta testing, and the game had been downloaded over 50,000 times on some of the platforms after a few days of open beta testing.

Royal River was founded in 2012 by former employees from such companies as internet and mobile services firm Tencent (0700.HK), Sohu's (Nasdaq: SOHU) online game developer and operator Changyou (Nasdaq: CYOU), and Japanese online game developer Koei.

Keywords: Royal River Hanmo Qunxiong Giant Interactive mobile gaming funding wireless GA Win@Giant

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily