Chi Yufeng, chairman and CEO of the Chinese online game operator Perfect World, has confirmed with local Chinese media that the company has invested CNY15 million in a webgame company in Chengdu to extent its online community business.

Chinese online game developer Perfect World Company Ltd. has entered into a publishing agreement with Runic Games Inc. ("Runic Games"), a specialized developer of PC-based entertainment software in the United States, for the exclusive rights and license to publish "Torchlight," a massively multiplayer online role-playing game that is still under development.

According to the latest statistics published by China's General Administration of Press and Publication, China's Internet game publication industry achieved actual sales of CNY18.38 billion in 2008, a year-on-year increase of 76.6%, and it brought CNY47.84 billion direct income to China's telecommunications and technology industries.

Chinese online game developer and operator Perfect World Company Ltd. announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2008, and has proven that its business model is currently not feeling so many the strains of the global financial crisis, though it did post a quarterly net income fall.

Chinese online game developer Perfect World (PWRD) says its game "Chi Bi" is heading to South Korea via a new licensing agreement.

The situation has been less than perfect in recent days at Chinese online game company Perfect World (PWRD) as it now fights rumors that its CEO is planning to depart the company.

Seven Chinese online game operators, including Shanda (SNDA), NetEase (NTES), Giant (GA), The9 (NCTY), Perfect World (PWRD), Ourgame and Holdfast, have jointly announced plans to cooperate with the Chinese security software provider 360 to fight game identity theft trojan viruses.

Chinese online game developer Perfect World (PWRD) will repurchase 18,750,000 shares of its Class A ordinary shares for approximately USD56.6 million from SB Asia Investment Fund II, L.P., and an affiliate of SAIF.

Chinese online game development firm Perfect World (PWRD) has released its results for the third quarter ended September 30, 2008.

Chinese online game developer Perfect World (PWRD) has reported its unaudited financial results for the second quarter ended June 30, 2008, saying total revenues were CNY334.4 million, an increase of 10.3% from the first quarter of 2008.

Chinese online game company Perfect World (PWRD) says its game Zhu Xian has now been launched in Taiwan through Game Flier.

Chinese online game developer Perfect World (PWRD) has inked a new licensing agreement with Malaysia's Cubinet Interactive to license the "Chi Bi" game in Vietnam, Thailand, Malaysia and Singapore.

A Chinese government call for suspension of economic activities surrounding online games in China in deference to the dead and injured of last week's earthquake has closed the games for China's top online game firms.

Chinese game operator Perfect World (PWRD) has announced a strategic investment in Chengdu Seasky Digital Entertainment.