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Gaming Giants Battle for Intellectual Property in Global Acquisition Race

Gaming Giants Battle for Intellectual Property in Global Acquisition Race

SEOUL, Dec. 6 (Korea Bizwire) – Major gaming companies worldwide are intensifying their competition to secure valuable intellectual property through aggressive mergers, acquisitions, and investments, with Asian technology giants leading the charge. Tencent, China’s largest gaming and technology company, has recently acquired domestic game developer Kuro Games, the studio behind Wuthering Waves, adding to its growing portfolio [...]

Korean Videogame Industry Less Appealing to Chinese Investors

Korean Videogame Industry Less Appealing to Chinese Investors

SEOUL, Sept. 9 (Korea Bizwire) – A recent report by the Korea Creative Content Agency (KOCCA) revealed that the volume of Chinese capital invested in the Korean videogame industry – apart from back-door listings and securing intellectual property purposes – has plummeted to almost zero, after years of aggressive M&A efforts that shook up Korean [...]

Coexistence or Encroachment? Chinese Capital Rushes into Korean Game Industry

Coexistence or Encroachment? Chinese Capital Rushes into Korean Game Industry

SEOUL, March 10 (Korea Bizwire) – Big-spending Chinese game companies armed with significant financial resources are rushing into the Korean market. As the ‘allies’ are engaged in strategic collaboration followed by equity acquisition, some industry officials are concerned that Korean game developers might fall into the hands of Chinese gaming companies. However, some consider the [...]

PATI Games Receives Huge Capital Infusion from China’s Tencent

PATI Games Receives Huge Capital Infusion from China’s Tencent

SEOUL, Sept. 3 (Korea Bizwire) – A Korean mobile game producer, PATI Games, announced it has successfully secured 20 billion won (US$19.7 million) of capital investment from Tencent, China’s largest Internet service provider. PATI Games announced on September 1 that Tencent would invest the amount through the third-party allocation of new shares. With this capital [...]

Chinese Money Rushing into Korean M&A Market

Chinese Money Rushing into Korean M&A Market

SEOUL, July 30 (Korea Bizwire) — When President Xi Jinping of China visited South Korea earlier this month, around 200 business delegates, including CEOs of major Chinese IT companies like Alibaba, Baidu, Huawei and China Telecom, accompanied him on the trip. All of the Chinese companies are reportedly, gearing up to push deeper into Korean market with [...]