Internet

Linekong's Operating Revenue Down 11.5% In H1 2017

Chinese interactive entertainment content platform Linekong published its semi-annual report for the first half of 2017, stating that its operating revenue was about CNY292.1 million, a year-on-year decrease of 11.5%; and it made losses of about CNY50.36 million.

The company's losses were about CNY50.55 million in the same period of last year. After adjustments, Linekong's net losses during the reporting period were about CNY42.15 million, while its net losses in the same period of last year were about CNY33.89 million.

In the first half of 2017, the revenue contribution of Linekong's online games business decreased by about 18.4% compared with the same period in 2016, due to less publishing of new games. The company implemented new strategies to reserve more time for enhancing the quality of game development and to launch competitive game products.

During the reporting period, Linekong continued to develop in overseas gaming markets like South Korea and America and the company achieved revenue of about CNY72.7 million in those marketplaces, representing a year-on-year increase of 65.2%. Its mobile game "Day Break" saw good performance in South Korea by taking the first position of the free download list of the Apple App Store.

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend