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Guangzhou, May 13, 2013 - (ACN Newswire) - A leading Chinese webgame company, Forgame Holdings Limited ("Forgame"), today announced the completion of a strategic minority investment in Appionics Holdings Limited, the holding company of Animoca(TM) ("Animoca"), a cross-platform app developer and publisher for smartphones and tablets for a global audience. Terms of the investment were not disclosed.
Animoca has published over 300 innovative casual and mid-core games across multiple mobile platforms including Apple iOS and Android, reaching 130 million unique users around the world. In February 2013, Animoca served 158 million game sessions. Animoca titles include the highly acclaimed Pretty Pet Series, Star Girl, Robo5 and Thor: Lord of Storms among many others. Animoca was named one of the PocketGamer.biz Top 50 Mobile Developers of 2013, and won two Gold Awards at the Hong Kong ICT Awards 2013 for Best Business and Best Digital Entertainment Software.
"Mobile games and overseas markets are two important strategic directions of Forgame's future development," said Mr. Kevin Wang, Chief Executive Officer of Forgame, "Animoca is our ideal partner as it has rich experience in publishing mobile apps in overseas markets such as the US, the European countries, Korea, Japan and most of Asia."
"With its proven track record in developing highly engaging and monetizing games, and an extensive publishing network in China, Forgame is a highly complementary partner to Animoca," said David Kim, Chief Executive Officer of Animoca. "We are excited about the opportunity to work closely with Forgame both in China and overseas markets as we expand Animoca's portfolio into new gaming categories".
About Forgame Holdings Limited
Forgame is a leading developer and publisher of webgames in China with a fast growing mobile game business. Founded in 2009, Forgame has successfully developed and launched over 25 easy-to-access, highly engaging and popular titles such as "Soul Guardian 2" and "Charmed Westward Journey", published through its own gaming platform 91wan and a network of over 300 publishing partners. 91wan also operates over 45 licensed games and has over 141 million registered users. The company is headquartered in Guangzhou, China. For more information, please visit http://www.forgame.com/.
About Animoca(TM)
Animoca(TM) is a cross-platform app developer and publisher for smartphones and tablets for a global audience. Animoca has launched over 300 apps for Google Android, Apple iOS and other platforms. Founded in Hong Kong in 2011, Animoca games have been played by over 130 million unique users. The company launched the highly acclaimed Pretty Pet Salon series, Star Girl, My Car Salon, Robo5, Thor: Lord of Storms and many other leading titles that have accrued hundreds of Top 10 Charts entries around the world. For more information and to see a list of apps, please visit http://www.animoca.com/.
Topic: Investment
Source: Forgame Holdings Limited
Sectors: eSports, Gaming, Wireless, Apps
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From the Asia Corporate News Network
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