TMCnet News
XPEC Entertainment Wholly Acquires Tongbu Technology(Sinocast Internet, Media & Online Services Beat (China) Via Acquire Media NewsEdge) XIAMEN, October 8, SinoCast -- Taiwan media said that online game developer XPEC Entertainment declared to wholly acquire Tongbu Technology for CNY 1.07 billion after investing CNY 2.9 billion in Tiny Piece, being biggest cross-border investment in Chinese gaming industry, eyeing mainland gaming market, since Xiamen Tongbu Network Ltd. under Tongbu Technology is a leading local game distributor, operator and mobile equipment management platform, whose shareholders included Innovation Works under Li Kaifu and mainland Internet angel investor Mike Cai. XPEC Entertainment has invited Tongbu Network to set up R&D center in Taiwan for developing mobile Internet applications for smart equipment. Tongbu Network, founded in 2010, focused on Internet, mobile Internet and information interactive communities. |