This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Perfect World Reports Steady Overseas Revenue With Initial Success Of PWIN

Stocks in this article: PWRD

BEIJING, June 4, 2014 /PRNewswire/ -- Perfect World Co., Ltd. (Nasdaq: PWRD) on May 20 announced its unaudited financial results for the first quarter ended March 31, 2014. Its first-quarter revenues reached 891.1 million yuan ( 143.3 mln USD), marking a yearly rise of 44.2 percent. Overseas markets contributed to about one quarter of the company's total revenues.

CNG statistics show that Perfect World has been the largest Chinese game exporter for seven straight years, with its game exports accounting for 40 percent of China's total. The favorable first-quarter results have largely met previous expectations. According to Perfect World CEO Robert Xiao, "The overseas development continued with good momentum, which suggests an initial success of the PWIN project launched last July."

The global investment arm of Perfect World, PWIN mainly targets PC games and mobile games. To date, the company has launched several investment programs in the mobile Internet sector in markets like Europe, the United States, Japan and South Korea. It has invested in 21 game-developing companies and studios focused on foreign markets while operating 16 games via partnership.

The 21 companies have received Perfect World investment for their outstanding performances in sectors of mobile games, smart equipment, web games or console games. They boast cutting-edge technologies, talented teams or experience in developing hit games. Among them are Guangzhou-based Burstyx Studio, which owns an Open Source UI framework AsWing and an indigenously-developed Flash 3D engine, and Changsha-based Letong Digital Technology, whose very first little-advertised mobile game once rose to 22 nd place on the RPG chart of the iOS APP Store in the Chinese mainland, the 11th in South Korea and 13th in Taiwan.

PWIN operates in the forms of investment and partnership. Via PWIN, Perfect World has operated numerous Chinese and foreign games. There are also other games operated by Perfect World that will soon begin making a contribution.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs