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Tom Online To Stop Karma Online Game
March 21, 2005 |
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Tom Online (TOMO) plans to soon stop offering users the ability to play "Karma Online", a South Korean game that the China web portal runs, and instead offer leisure games. Tom Online has run the game for 15 months.
In Hong Kong media reports, Tom Online's CEO Wang Leilei says the reason for withdrawing "Karma Online" is that it is no longer able to meet users' increasing demands for good Internet game playability. The company will replace it with 11 types of leisure games, most of which have been purchased from local Chinese developers for costs ranging from CNY100,000 to CNY700,000.
Wang says the company will target the entertainment and sport sectors for future acquisitions. He has not disclosed the detailed schedule or budget for any acquisitions.
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