Game developer Perfect World benefits from Shanghai FTZ
October 31, 2013 Category Uncategorized
Perfect World, a leading developer and operator of online games in China, is expected to benefit from the plan to lift a 13-year ban on foreign video game console sales via the newly launched Shanghai Free Trade Zone (FTZ). The Beijing-based company signed a strategic cooperation agreement last month to pre-install its “massively multiplayer online” (MMO) games in a new line of internet-linked set-top boxes from Chengdu Geeya Technology, a domestic manufacturer of digital television equipment. “As a result, game players would be able to play Perfect World’s MMOs from television screens and enjoy a console game-like experience on current MMOs,” Barclays said in a research note. Nasdaq-listed Perfect World and Geeya, which is listed on the Growth Enterprise Market (GEM) board of the Shenzhen stock exchange, will jointly market the products. Microsoft’s Xbox, Sony’s PlayStation and Nintendo’s Wii game consoles have already been available to consumers in China through the grey market, where – according to Niko Partners – about one million game consoles are sold each year. Microsoft and BesTV New Media announced a deal to invest up to USD237 million in a joint venture in the Shanghai FTZ. It is expected to develop new games and services for Microsoft’s Xbox games to be played on the internet protocol television network of BesTV, which has about 18 million subscribers. China’s video gaming market grew 36.4% year-on-year to reach CNY33.9 billion in the first half this year.
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world