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Social Games Vendor FunPlus Raising US$12M from
GSR:
Social gaming developer
FunPlus
announced raising US$ 12 million in Series A round of funding from
GSR Ventures.
Founded in H1 of 2010 with headquarters in both Silicon Valley
and Beijing, the company earned its credit as the largest Asia
social gaming vendor in terms of daily active user numbers on
Facebook platform.
China Online Gaming Market to Reach RMB57.7B in
2012:
China's online gaming market size will reach RMB 57.7 billion in
this year, according to a report out last month by Beijing-based
market researcher AnalysysInternational, up 20.7% from last year,
while webpage games will account for RMB 7.882 billion.
Another report conducted by 17173.com, the gaming portal of
Sohu, has found that more than 96% of gamers are willing to pay for
online games.
China Mobile Gaming Market Size:
According to a report by AnalysysInternational, China mobile gaming
market size stood at RMB 370 million in the fourth quarter of last
year with 30.28 million mobile gamers. The market is picking up as
the result of proliferation of smartphones and emergence of
attractive mobile games.
Webpage Gaming Market Needs a Consolidation:
As "associated operation" has became the sorta norm of webpage
gaming operational model, it served as one of the major revenue
sources or even a cash cow for many Chinese Internet companies like
VeryCD (game.verycd.com), Qihoo 360 (wan.360.cn), Sogou
(wan.sogou.com), 37wanwan.com (a Chanyou subsidiary), Duowan
(web.duowan.com) and 178 (game.178.com).
For instance, Qihoo 360 noted in its 3rd quarter 2011 financial
results report that the company's "Internet value-added service
revenues, which are mainly derived from web game operations, were
$12.1 million, up 198% from the same period last year and 49% from
the prior quarter. The year-over-year and sequential growth was
mainly driven by the accelerated growth of the games' user
base."
However, sometimes the more fruitful the market is, the more
chaos it brings. Numerous website which are not specializing
in online gaming flocked into the market to grab something from
gamers' pocket. A consolidation is required for long-term
development.
