Perfect World to Invest RMB 1 Bln on Mobile Game Development

Sina Tech, 6/19/14

Beijing-based game developer and operator Perfect World (Nasdaq: PWRD) recently signed a strategic framework agreement with the Chongqing municipal government, pursuant to which Perfect World will invest RMB 1 bln to establish a "Perfect World-Chongqing Program" to develop mobile internet products and services in Chongqing, particularly mobile gaming.

Perfect World will build two platforms and one gaming base in Chongqing, namely a "gaming media platform," a "mobile game global publishing and operation platform," and a "mobile gaming industry base." The mobile game publishing and operation platform will be jointly built by Perfect World and Chinese internet services and security software provider Qihoo 360 (NYSE: QIHU).

Keywords: mobile gaming Perfect World wireless PWRD Qihoo 360 QIHU

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