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CloudFlare’s CEO On Expanding In Key Markets Like China And Brazil
Kabam COO Kent Wakeford confirmed to me today the $120 million figure and that the investment brought Kabam s valuation above $1 billion. Along with the investment, the WSJ notes that the deal also includes an agreement to publish Kabam s games across Alibaba s apps in China, including Mobile Taobao and Laiwang .
Truly successful games companies have to be globally successful, Kabam CEO Kevin Chou told the WSJ. This strategic collaboration with Alibaba provides Kabam the resources, infrastructure and distribution to help bring our current and future durable franchise games to China and elsewhere holsters in Asia and make an immediate impact. holsters
According to Wakeford, Kabam is taking a pragmatic approach to its new efforts in China. While the country offers a huge opportunity representing approximately 50 percent of the global gaming market holsters there are significant holsters issues that Kabam had to consider. The Chinese market is very complicated, he told me during our call. You ve got to deal with fragmentation in the Android ecosystem, [many] different types of devices, different payment holsters SDKs a lot of work goes into culturalizing a game for the market.
Wakeford says that Kabam did a lot of market and user research to determine what game to launch in China, taking extra care to look at genre and intellectual property preferences holsters (Kabam makes games from the Fast & Furious, Lord of the Rings, and Godfather franchises, among others). Based on that research, the company decided that a Lord of the Rings title set for release in the U.S. later this year will serve as Kabam s launch title across Alibaba s platforms.
This collaboration is the latest in a series of investments and talks between Alibaba and American startups in recent months. In March, Alibaba led a $280 million round in mobile messaging and gaming platform Tango , and earlier this week it was reported that the company was in talks with ephemeral messaging app Snapchat .
Alibaba has only recently holsters started bringing Western games to its audience. Back in May, the company released indie title Blek on Mobile Taobao . By comparison, that move was barely dipping holsters its toes in the water as Kabam notes in its blog post , games like The Hobbit: Kingdoms holsters of Middle-earth and Kingdoms of Camelot: Battle for the North have each generated more than US$100 million in revenue. IMAGE BY Kabam (IMAGE HAS BEEN MODIFIED)
Founded 1999 Overview Alibaba Group is a Chinese e-commerce company operating online marketplaces for both international and domestic China trade. It also operates an online holsters payment system, AliPay. Alibaba Group is a family of internet-based businesses with a mission to enable its users to buy or sell anywhere in the world. It has developed businesses in consumer e-commerce, online payment, business-to-business marketplaces, … Founders Yun Ma Website http://www.alibaba.com Full profile holsters for Alibaba Kabam
Founded 2006 holsters Overview Kabam is the leader in the western world for free-to-play core games with first and third party published titles available on mobile devices via the Apple Store, Google Play, Amazon Appstore, and on the Web via Facebook, Yahoo, Kabam.com and other platforms. In each of the last two years Kabam revenues holsters have grown by 80 percent or more and will total more than $325 million in 2013. The company is … Founders Kevin Chou , Mike Li Website http://www.kabam.com Full profile for Kabam
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