With so much business wheeling and dealing, sometimes it’s easy to forget that China is a nation enshrouded in communist principles. This week’s Chinese gaming news brings a subtle reminder of that – though it certainly brings a fair share of capitalism-loving financial actions too.
Thanks to our friends at Beijing-based Laohu.com for sharing this news round-up with our Western readers. If you’re looking for Chinese gaming news daily, be sure to give them a look.
Representatives attending China’s National People’s Congress (NPC) and Chinese People’s Political Consultative Conference (CPPCC) have been seen fiddling with their phones. State media People’s Daily responded with a diatribe against “representatives who fiddle with phones, microblog live or play games on sessions,” describing such behavior as inactivity and unforgivable dereliction of duty. (Laohu.com)
Sources say Linekong, whose business has transformed to mobile gaming, will list on the Hong Kong Stock Exchange by September. Linekong has been selecting underwriters from a number of investment banks. Apart from its IPO, Linekong plans to expand to the console game market. The company announced an $80m financing deal earlier this year. (Laohu.com)
Japanese consultancy Kantar published a nine country survey of mobile OS market share. In Japan, 68.7% of new mobile phones run iOS, the highest number among all nine countries. iOS only accounts for 17.4% of new mobile phones in China, which ranks sixth out of nine. (Laohu.com)
Forgame acquired 21% of Magic Feature Inc. (20% if fully diluted) with $70m (HKD 543m). Hong Kong-based Magic Feature develops and publishes mobile games, with major works including Tower of Saviors (????). (Laohu.com)