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Article: CDC Games Studio to Invest in Leading Developer of Online 3D Games in China Including Beijing Olympic Museum Interactive Sports Games for Global Distribution.
- Article from:
- Business Wire
- Article date:
- August 14, 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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Well Known Developer of Leading-Edge Online 3D Games and Technologies to Become Fourth Investment of CDC Games Studio
BEIJING -- 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 that it has entered into an agreement with Xiakexing Network Technologies Co, Ltd. ("XNet"), to invest in the company through the CDC Games Studio program. XNet is a leading China-based developer of online games and innovative games technologies. The investment in XNet is structured in multiple tranches with the valuation at each tranche based on the achievement of certain ...