TMCnet News
Perfect World shareholder removes investment to craft new movie firm, hearsayBEIJING, Jul 09, 2010 (Xinhua via COMTEX) -- Perfect World (PWRD.NASDAQ) might have suffered an overall capital divestment from its second largest shareholder, Song Ge, who is eyeing setup of a new film firm together with the original employees of the company's certain department in the future, reported net.chinabyte.com citing insiders earlier Friday. The hearsay, once proves true, could be a refutation to media reports in late May that the company laid off in a blink 2000-plus staffs to dress up its quarter two financial results. Previously, Perfect World reported a 91.6-million-US-dollar revenue for quarter one, which, attributable to an overall slowdown in China's online game sector, however, fell short of market estimates. In order to revive performance, Perfect World has delayed debut of its new games and expanded its business into overseas market and the video and movies, information, as well as the wireless sectors. But the Friday hearsay might pose obstacles to the Chinese online game operator as the team taken away by Song Ge was the creator of Sophie's Revenge, a hit which brought nearly 100-million yuan incomes for Perfect World. (Edited by Duan Jing, [email protected]) |