According to an industry source, Beijing-based browser game developer and operator Gamewave Interactive is considering a U.S. IPO on the Nasdaq stock exchange, but no details have been confirmed.
Gamewave Interactive, formerly known as Beijing-based Changyou Interactive Technology Co., Ltd., was established in December 2008, and owns five browser game platforms including Ju95.com, Game2.cn, Niua.com, Game5.com and 5ding.com. The company operates approximately 50 browser games, 10 of which it exclusively operates, including licensed game Aojian, the PC browser version of PearlinPalm's Ming Zhu San Guo and Yayatou Entertainment's Xianyu. Gamewave Interactive's games have over 100 mln total registered users. Xianyu exceeded RMB 10 mln in monthly revenue shortly after its release in 2009. Gamewave Interactive has opened over 800 server groups.
Gamewave Interactive has offices in Xiamen, Chengdu, Wuxi, and Xi'an and has begun building an office in Shenyang. Gamewave also has an overseas strategy, with wholly owned subsidiaries in Japan, Korea, Taiwan, and Germany, with establishment of a subsidiary in North America currently under consideration.
The company predicts it will establish a global network of browser game operators by 2011.