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ChangYou.com Ltd, a leading developer and operator of online games in Mainland China, opened its office in Hong Kong today (May 18) to capitalise on the city's diversified online games market in its overseas expansion.
The newly set up office in Hong Kong, ChangYou.com Gamepower (HK) Ltd, mainly provides operational and marketing functions in the Hong Kong and Macau markets. It is the company's major foray in developing its overseas markets.
General Manager of ChangYou.com Gamepower (HK) Ltd, Mr Wang Zheng, said, "Hong Kong contains a wide range of game players which can provide significant information for analysing different market segments. The result is extremely useful for us to develop new products and enhance our overseas markets strategy.
"After developing a professional team in Hong Kong, we will continue to introduce new products into the Hong Kong market. We will also extend our operational scale in the city as we have confidence in doing business here. Our goal is to establish a high quality online entertainment brand and reach out to more overseas markets," he added.
Associate Director-General of Investment Promotion, Mr Andrew Davis, welcomed ChangYou.com setting up its office in Hong Kong. "The digital entertainment market in Hong Kong is growing fast. Also keen competition in the city's wireless market is resulting in faster and cheaper online services and creating more opportunities for online gaming and other content providers."
About ChangYou.com
ChangYou.com is a leading developer and operator of online games in Mainland China. It began operations as a business unit within Sohu.com Inc in 2003, before it was carved out as a separate, stand-alone company in December 2007 and subsequently listed on the NASDAQ Global Select Market in April 2009. It operates one of the most popular massively multiplayer online games and one of the top-ranking web-based games in Mainland China which brought strong growth in user data and revenues. ChangYou.com also owns and operates the website of 17173.com, a leading game information portal in Mainland China. For more information, please visit www.changyou.com.
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. In its 12th year of operation, Invest Hong Kong has completed over 2,400 investment projects, creating more than 29,000 new jobs in the first year of operation or expansion and HK$62 billion of investment. For more information, please visit www.investhk.gov.hk.
For photo, please visit: www.flickr.com/photos/investhk/sets/72157629766647848/.
Ends/Friday, May 18, 2012
Issued at HKT 11:59
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