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.