This Day On The Street
Continue to site
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

Perfect World Reports Steady Overseas Revenue With Initial Success Of PWIN

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs