Rumor: SMEG Subsidiary Invests in Giant's Browser Game Subsidiary

National Business Daily, 5/17/11

Recent industry rumors hold that Shanghai Media Group (SMG) has begun its initial foray into the browser game market. The main subject of the rumors has been Shanghai Dashijie Investment Management, a subsidiary of SMG parent company Shanghai Media & Entertainment Group (SMEG).

A source inside Shanghai-based online game developer and operator Giant Interactive (NYSE: GA) said that Dashijie had acquired a stake in Shanghai Haoji Network Technology, a Giant subsidiary focused on browser game development and operation. Haoji's main product at present is the browser game Rongrong Dazhan.

Giant declined to reveal current details of Haoji stock ownership, but said that Giant Interactive remained the majority shareholder, with Dashijie holding the second-largest stake and Haoji management holding the remaining shares.

Editor's Note: For more background on this topic, please see "Rumor: SMG to Produce Online Games" MD 5/09/11 issue.

Keywords: Dashijie Investment browser game Giant Interactive Shanghai Media Group Internet GA SMEG Rongrong Dazhan Haoji Network online gaming

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