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Article: CDC Games Invests in MGame, the Developer of the Blockbuster Hit Yulgang in China.
- Article from:
- Business Wire
- Article date:
- March 23, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Yulgang reaches record milestone of 46.5 million users in China
BEIJING, China -- CDC Games, a business unit of CDC Corporation (NASDAQ: CHINA) and pioneer of the "free-to-play, pay-for-merchandise" model for online games in China, announced today it has signed a definitive agreement to make a strategic investment in MGame Corporation, one of South Korea's leading developers of online games including Yulgang, CDC Games' hugely popular licensed free-to-play game in China.
CDC Games will be the company's largest external shareholder and John Lee, president of CDC Games Corporation, will serve as a board observer of MGame.
Through this equity ...