Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

China Telecom's Dazzle Interactive Seeks Funding

Sohu IT, 1/03/14

China Telecom (NYSE: CHA; 0728.HK) recently announced that the company is seeking investors for its wholly-owned independent subsidiary, Dazzle Interactive, operator of mobile gaming portal E-Game ("Ai Youxi"). The company plans to raise RMB 300 mln for Dazzle product development, promotion, and operation, as well as mergers and acquisitions.

China Telecom is seeking domestic enterprise investors primarily involved in the internet, gaming, and entertainment-related industries. The company will give priority consideration to listed companies valued at more than RMB 5 bln. Financial institutions that wish to invest must also be domestic enterprises with rich industry resources and assets under management of no less than RMB 2 bln.

Dazzle Interactive, established in September 2012, has registered capital of RMB 200 mln. The E-Game portal has a registered user base of 120 mln mobile gamers, with an active user base of 30 mln.

Editor's Note: For more background on this topic, please see "China Telecom Spins Off Gaming Base" MD 8/13/12 issue.

Keywords: wireless mobile gaming China Telecom funding 0728.HK CHA e-Game Dazzle Interactive registered users active users


Please note, all fields are required.
None of your personal information will be shared with third parties.



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 Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports