Cdc Corp. (MM) (NASDAQ:CHINA)
Historical Stock Chart
From Jul 2019 to Jul 2024
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, today announced Digimon, its upcoming online game, has
secured the No. 1 ranking for the last several weeks in Baidu, the top
search engine in China.
Digimon’s Number One ranking is from the “Gamers’
Recommendation List.” The rankings are listed
on http://g.baidu.com . Baidu allows
players in China to rank games based on factors like graphics, sound,
game play and other features. Since July 10, 2008, Digimon has held the
No. 1 ranking as interest has significantly increased regarding the
upcoming open beta testing and commercial launch of Digimon, expected
during the second half of 2008.
“We are very excited on completing our
successful closed beta test and especially proud of the high interest
level gamers have exhibited on Baidu for our upcoming Digimon release,”
said John Huen, chief operating officer, CDC Games. “We
believe the popularity will continue to increase as we launch this much
anticipated online game commercially in the next few months. We believe
that Digimon will help to fuel our continued rapid growth in our games
business in China and add to our existing diversified portfolio of five
exciting and entertaining online games in China.”
CDC Games licensed “Digimon RPG”
and “Digimon RPG2,”
from SK Telecom, a leading mobile telecommunications operator in South
Korea. Both of these online games are based on a widely popular Japanese
television animated series. Players collect and train virtual monsters
called Digimon and battle versus other players. Launched four years ago
in Korea by its developer DIGITALIC, Digimon is already a very popular
and mature game.
About CDC Games
CDC Games is one of the market leaders of online and mobile games in
China with more than 140 million registered users and approximately 11
million active users. The company pioneered the "free-to-play,
pay-for-merchandise" online games model in China with Yulgang and
launched the first free-to-play, pay for merchandise FPS (first person
shooter) game in China with Special Force. Currently, CDC Games offers
six popular MMO online games in China that include: Special Force,
Yulgang, Shaiya, Mir III, Shine and Eve Online. In March 2007, the
company announced the formation of CDC Games Studio to establish
strategic relationships with selected games development partners to
accelerate the development of new, original online games for China and
other targeted global geographies. Through its CDC Games International
(CGI) subsidiary, the company launched a long-term strategy to be a
global publisher of MMO games. As a part of this strategy, CDC Games has
partnered with MBC Group, a leading media company in the Middle East, to
launch the world's first online games web portal in the Middle East. For
more information on CDC Games, visit: www.cdcgames.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of
1995. These forward-looking statements include statements regarding the
popularity of Digimon in China, the ability of CDC Games to
complete open beta test for Digimon and launch and market Digimon, the
potential success of Digimon in the market; the success of the cartoon
series and other Digimon media, and other statements that are not
historical, the achievement of which involve risks, uncertainties and
assumptions. If any such risks or uncertainties materialize or if any of
the assumptions proves incorrect, our results could differ materially
from the results expressed or implied by the forward-looking statements
we make. These statements are based on management's current expectations
and are subject to risks and uncertainties and changes in circumstances.
There are important factors that could cause actual results to differ
materially from those anticipated in the forward looking statements,
including the following: (a) the ability to realize strategic objectives
by taking advantage of market opportunities in targeted geographic
markets; (b) the ability to develop and market successfully Digimon; (c)
the future growth of the online games industry in the China market; (d)
the possibility of development delays; (e) the development of competing
products and technology; and (f) the entry of new competitors and their
technological advances. Further information on risks or other
factors that could cause results to differ is detailed in filings or
submissions with the United States Securities and Exchange Commission
made by CDC Corporation in its Annual Report for the year ended December
31, 2007 on Form 20-F filed on June 30, 2008. All forward-looking
statements included in this press release are based upon information
available to management as of the date of the press release, and you are
cautioned not to place undue reliance on any forward looking statements
which speak only as of the date of this press release. The company
assumes no obligation to update or alter the forward looking statements
whether as a result of new information, future events or otherwise.