BEIJING, March 5, 2013 /PRNewswire/ -- Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today announced that one of its consolidated entities has recently entered into a definitive agreement to invest an additional RMB396.0 million as a limited partner into a venture capital fund (the "VC Fund"), of which one of Perfect World's consolidated entities is an existing limited partner. The VC Fund intends to invest the additional capital received into another private equity fund (the "PE Fund") as one of its limited partners. To the knowledge of the Company, the PE Fund will primarily focus on investing in mature companies in the consumer and retail, financial services, health care, TMT, energy and natural resources, and high value-added manufacturing industries in China. The core team managing the PE Fund consists of former senior members of global private equity and financial services firms and a former senior executive of a Fortune 500 company. These core team members in the past have managed private equity investments of nearly three billion U.S. dollars in aggregate. (Logo: http://photos.prnewswire.com/prnh/20090416/CNTH023LOGO)"We are very pleased that the VC fund we have invested in has the opportunity to participate in this private equity investment focusing on later stage companies," commented Mr. Michael Chi, Chairman and Co-CEO of Perfect World. "We are confident about the leadership of this private equity fund and believe this investment diversifies and complements the VC fund's other targeted investments in the high-growth TMT sector."
About Perfect World Co., Ltd. ( http://www.pwrd.com)
Perfect World Co., Ltd. (NASDAQ: PWRD) is a leading online game developer and operator based in China. Perfect World primarily develops online games based on proprietary game engines and game development platforms. Perfect World's strong technology and creative game design capabilities, combined with extensive knowledge and experiences in the online game market, enable it to frequently and promptly introduce popular games designed to cater changing customer preferences and market trends. Perfect World's current portfolio of self-developed online games includes massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of
Martial Arts," "Perfect World II," "Zhu Xian," "
Chi Bi," "Pocketpet Journey West," "Battle of the Immortals," "Fantasy Zhu Xian," "Forsaken World," "Dragon Excalibur," "Empire of the Immortals" and "Return of the Condor Heroes;" an online casual game: "Hot Dance Party;" and a number of web games and social networking games. While a substantial portion of the revenues are generated in
China, Perfect World operates its games in
Japan through its own subsidiaries. Perfect World's games have also been licensed to leading game operators in a number of countries and regions in
New Zealand, and the
Russian Federation and other Russian speaking territories. Perfect World intends to continue to explore new and innovative business models and is committed to maximizing shareholder value over time.