The Casual Games Association, the international trade organization of the casual games industry, announced that Casual Connect, the world’s largest mass market games conference series, will take place July 24-26, 2012, in Seattle, Washington. Content for the 2012 event will focus on emerging trends for the casual games industry and outline opportunities on online, social and mobile platforms. A full listing of content can be found online: http://seattle.casualconnect.org/content.html.
ddmap.com, a lifestyle information website in China, recently announced it has raised more than US$40 million in a new round of financing led by F&H and joined by CID and Middle East sovereign funds. 90% of the money raised will be used to develop its mobile internet business across forty urban markets, with a focus on promoting ddcoupon, a mobile app owned by ddmap.com.
Broadband has passed another major milestone, according to the latest figures published by the Broadband Forum. The global total of broadband subscribers soared to over 600 million in the first quarter of 2012, indicating a further acceleration in growth as over 100 million new lines were added (20% of the total) in less than 18 months.
Nexon said that it has purchased a stake in NCsoft Corporation. Nexon today acquired 3,218,091 shares of NCsoft in a private transaction from Chairman, CEO, and Founder Taek Jin Kim at a price per share of KRW 250,000 in cash, for a total acquisition cost of KRW 804,522,750,000 or $685 million.
Leading market research firm Pearl Research will be attending the E3 Expo in Los Angeles, June 4th to June 6th. While E3 is primarily a show for consoles, we'll also examine other platforms. Besides the console market, we'll be covering topics such as online, mobile and free-to-play games.
Pearl Research and its sister site Redline is reporting that registration for the LOGIN conference is open at http://login2012.eventbrite.com/. There is a discount for early bird registerations. The LOGIN conference has a new venue this year at the Bently Reserve in San Francisco and will occur September 26 and 27.
Giant is developing six new webgames and will release them in the second half of 2012. Xuefeng Ji, who is the vice president of Giant, said that these six webgames may either operate by itself or operate together with other operators.
Venture capital equity financing of Chinese companies fell to its lowest level in more than five years in the first quarter of 2012, according to Dow Jones VentureSource, which tracks venture-backed companies. During the quarter, 45 deals raised US$745 million, a 39% decline in deals and a 56% decline in capital invested compared to the first quarter of 2011. This marks the lowest quarterly volume since the first quarter of 2006.
SanGuo (Three Kingdoms) is a popular material for webgames. Almost every game platform has its own profitable game about SanGuo. RenRen Game officially released the mobile game “JueZhanSanGuo” iOS version in Appstore on May 3.
GREE, announced the acquisition of Funzio, Inc., which is known for developing mid-core mobile game titles. Funzio - creator of successful titles “Crime City,” “Modern War,” and “Kingdom Age” - said it has more than 20 million game downloads.