may 1, 2018 - CMGE Technology acquired a 51% stake in Beijing Softstar.

Description:

CMGE Technology (China Mobile Games and Entertainment Group: 中手游科技集团有限公司) was listed on NASDAQ on September 25, 2012, becoming the first Chinese mobile game company to enter the U.S. stock market. The company completed privatization in August 2015 and was later listed on the Main Board of the Hong Kong Stock Exchange on October 31, 2019 (Stock Code: 0302.HK).

As a global IP-based game operator, CMGE has developed a highly competitive IP gaming ecosystem that integrates “IP resources — independent and joint development — global publishing — proprietary IP operations — and a Chinese-style metaverse platform.”

Apart from Tencent Games, CMGE holds the largest IP portfolio among Chinese game companies, totaling 123 IPs, including 55 licensed IPs and 68 proprietary IPs.

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