As social network hi5 refocuses on gaming , president and chief technology officer Alex St. John has been happy to criticize his giant competitor, Facebook. He elaborated on that criticism today at our GamesBeat@GDC event, where he shared the stage with Facebook platform manager Gareth Davis . St
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hi5 CTO: Facebook’s game strategy is schizophrenic
Beijing-based mobile Internet company KongZhong said today it is buying Shanghai Dacheng Network for $80 million. Shanghai Dacheng Network is a developer of 3-D massively multiplayer online (MMO) games where thousands of people play together in online virtual worlds. The transaction shows that online gaming, on its way to $3.8 billion in revenues in China, remains a hot market. The aim is to combine KongZhong’s mobile game business with Dacheng’s 3-D game engine and development skills to create a multi-platform digital entertainment and gaming company, focused on both PC MMOs and mobile games. The deal is expected to close in the first quarter and payment will be spread out over time, with the total paid contingent on performance. The financing includes a mix of cash and stock. Dacheng’s newest game is Loong , which just enjoyed a strong launch
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Chinese mobile Internet firm buys game maker for $80M