CDC Corporation (NASDAQ: CHINA) announced financial results for the quarter ended March 31, 2010. For the first quarter of 2010, CDC Corporation reported Adjusted EBITDA from continuing operations of $8.4 million, a 17 percent increase year-over-year. For the first quarter of 2010, Non-GAAP revenue was $79.0 million compared to $78.8 million in the first quarter of 2009.

PlaySpan, which provides monetization solutions for online games, virtual worlds, and social networks, released new data of its digital goods purchasers from across the world. The information covers ARPPU, average revenue per paying user, and percentage breakouts of PlaySpan customers and revenue by country. According to the data, Australian gamers generate the highest ARPPU at $24.38. United States gamers place a close second with an ARPPU of $22.76. The Netherlands rounds out the top three with an ARPPU of $22.03. Of the top 20 countries, Chile places last with at $2.43.

Activision Blizzard, Inc. (Nasdaq: ATVI) announced better-than-expected financial results for the first quarter 2010. For the quarter ended March 31, 2010, Activision Blizzard’s GAAP net revenues were $1.3 billion, and its non-GAAP net revenues were $714 million.

Digital River, Inc. (NASDAQ: DRIV), a provider of e-commerce solutions, announced that it has acquired fatfoogoo, a Europe-based, in-game and online commerce service provider. The acquisition will offer game publishers and developers a, single e-commerce connection to manage their online product sales both in-store and in-game.  

On May 3th, Nexon announced it will acquire a 67 percent stake of NDOORS including the shares of the former chairman, Seong-Mun Kwon. NDOORS will be incorporated as a subsidiary of Nexon.

NDOORS was first established in 1999 and its main MMORPG titles are “Atlantica” and “GoonZu” Atlantica was awarded the “Korea Games Award First Prize” in 2008. In 2009, the consolidated revenue of NDOORS was 40.5 billion won and its operating profit was15.6 billion. Its overseas sales portion has accounted for 72% of its entire sales.

Pearl Research's "Phoenix Generation" study tracks the latest trends among Chinese youth. These primary research studies are based on interviews and surveys with first- and second-tier youth across the country. This update analyzes the growth of online game tournaments, the success of games such as Audition and the latest laws regarding virtual currencies. Please contact us for a sample of this study or visit this link for more information: http://www.pearlresearch.com/chinareports.html.

Apple today announced that it sold its one millionth iPad on Friday, just 28 days after its introduction on April 3. iPad users have already downloaded over 12 million apps from the App Store and over 1.5 million ebooks from the new iBookstore. Developers have created over 5,000 new apps for iPad and the iPad will run almost all of the more than 200,000 apps on the App Store, including apps already purchased for the iPhone or iPod touch.

Bungie, the developer of game franchises including Halo, Mythand Marathon, and Activision (Nasdaq: ATVI), announced today that they have entered into an exclusive 10-year partnership to bring Bungie’s game universe to market. Under the terms of the agreement, Activision will have exclusive, worldwide rights to publish and distribute all future Bungie games based on the new intellectual property on multiple platforms and devices. Bungie remains an independent company and will continue to own their intellectual property. Additional terms of the agreement were not disclosed.

Strong brands prove their resilience to recession in the fifth annual Millward Brown Optimor BrandZ Top 100 Most Valuable Global Brands ranking released today. Technology brands demonstrated their pervasiveness in consumers' daily lives.

Zong, a mobile payment service used by online gaming and social networking websites, announced today that it has completed a $15 million round of funding led by Matrix Partners. Formerly a division of Echovox, Zong is now a standalone company headquartered in Palo Alto.