Duowan Acquires 3D Gaming Platform Startup
The Beijing-based 3D gaming platform E-City Sky has been acquired by the major Chinese gaming portal Duowan. That’s according to Clement Song, co-founder and CEO of the four-year old startup - but it hasn’t been confirmed by Duowan and no financial details have been revealed.E-City Sky’s main product is a free and social 3D web game called GameXiu (pictured above), which could well represent the kind of know-how that Duowan was after with the acquisition. In it, users create virtual characters that they themselves can design, or use their own ...
Hackers Steal Data of Millions of Chinese Net Users
Yesterday, the Chinese internet was shaken by the news that IT portal and community CDSN has been hacked and data for its more than six million users had been stolen, including usernames and passwords. Today, reports have it that CDSN wasn't the only site affected.Duowan, a games site, was hacked and hackers stole the data of its over eight million users. 7K7K, also a gaming site, reportedly lost data for 20 million users, and hackers also got info from 10 million accounts by hacking 178.com, another game site. Rumors ...
David Li, CEO of YY.com, Talks Gaming and Communities [Live Blog]
![David Li, CEO of YY.com, Talks Gaming and Communities [Live Blog]](http://www.techinasia.com/techinasia/wp-content/themes/penn2/functions/thumb.php?src=techinasia/wp-content/uploads/2011/11/David-Li-YY.jpg&w=250&h=250&zc=1&q=90)
This is a part of our TechCrunch Disrupt 2011 Beijing event coverage.David Li - aka Li Xue-ling - is now sitting down for a ‘founder stories’ chat with TechCrunch’s John Biggs. David Li is the founder and CEO of YY.com and Duowan, the downloads and games portal that’s looking to IPO next year.#16:41: John: YY has 220 million users. How did you get there. Mr Li says "We have a lot of grassroots users. We have a strong gaming base, and the cooperation between gamers, with voice communication is crucial. ...
YY.com Looks to IPO in the US, If Not Torpedoed By Its Own Piracy
The Chinese online downloads and entertainment portal YY.com is looking to IPO in the US next year, and thereby raise between 100 to 200 million dollars. According to local media reports, Credit Suisse has been appointed to arrange it.In the past, YY has attracted investment from Morningside Ventures, Disney's Steamboat Ventures, and GGV. It has raised at least US$33 million since its founding in 2005.YY claims 120 million registered users, and as such is a huge digital entertainment portal. Its primary products include YY mobile and desktop IM, a small-scale ...
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