The corporate venturing unit of Perfect World, a China-based online game company specialising in MMORPG, has reported through company interviews that it has invested an undisclosed sum across dozens of mobile game developers including PGSOUL to get access to the latest technology and creative content. But it is all about smaller stakes and not take-overs, says the company.
According to Perfect World’s Senior Vice President Alex Xu’s PGSOUL Game Studio is the first mobile phone game company that Perfect World has invested in.
Although Xu did not disclose the investment amount and shareholding percentage, he has expressed that Perfect World does not intend to wholly control these companies, but hopes to leave with them full initiatives, so the shareholding percentage is usually around 20%, according to a zero2ipo news report.