Investment Summary
A diversified gaming company
The company develops and operates quality games in China and overseas. According to Frost & Sullivan, among PRC game operators who earned a majority of game operating revenue overseas in 2018, the company ranked fifth in terms of revenue from mobile games in 2018. The company has a diverse portfolio of games across different genres. As of December 31, 2019, its game portfolio consisted of 38 online games and 11 premium games. The company also operates TapTap, a leading game community and platform in China. According to the Frost & Sullivan, TapTap was the largest game community and platform in China in terms of average MAUs in 2018.
The company’s abundant game reserve
The company has an abundant game reserve and is expected to launch multiple online games in 2020, including 3 self-developed games, Fantasy World (創想世界), Torchlight: Infinity (火炬之光：無限) and Project A (tentative name). Project A, the largest game project invested by the company since Ragnarok M, has been prepared for more than a year and is a Japanese girl-style MMORPG. Its liquidity is expected to reach Ragnarok M’s relative high level. In terms of premium games, the company will launch multiple premium games in 2020 including Human: Fall flat (人類：一敗塗地) , which is a game with a huge fan base around the globe and has already achieved incredible results in the Client game sector. The company’s abundant game serve has laid a solid foundation for the company’s future growth.