In unrelated announcements, Shanda (SNDA) and CDC Games, two of China's leading online gaming firms, have issued statements of new developments.
Shanda has entered into an agreement with South Korean online game developer Wise On, for a five-year exclusive license to operate FreeJack, an online free-running game, in mainland China, Hong Kong and Macao. FreeJack is expected to enter beta testing in China in the first half of 2008.
"Free-running is one of the most popular sports rising in recent years, and we believe as the first online game of this kind, FreeJack will become immensely popular when introduced in China," said Tianqiao Chen, chairman and CEO of Shanda. "Thus far into 2007, we have added several sports titles, including the previously announced X-Up and TalesRunner. We are confident that due to the excitement surrounding the 2008 Beijing Olympic Games and Shanda's expertise in operating casual games, these titles will achieve satisfactory results in China's market. "
CDC Games, a business unit of CDC Corporation (CHINA), has launched operations in the U.S. under a new business unit called CDC Games USA. CDC Games announced on August 28, 2007, the launch of CDC Games International to publish online games on a global scale. CDC Games USA, a subsidiary of CDC Games International, will focus on launching new games, both directly and through publisher partners. Already, the new business unit has established a memorandum of understanding with K2 Network, Inc., a leading publisher of online, free-to-play games in the western hemisphere.
"We are very excited about launching our new games in the U.S., a market that we expect will be an important part of our overall growth strategy going forward," said Peter Yip, CEO of CDC Games.