A US IPO seems to be the preferred endgame of Chinese tech companies these days, and now we may have another one to add to the list: the China Mobile Games and Entertainment Group. Sina Tech says the company is planning an IPO on the New York Stock Exchange, although this is one of those thinly-sourced “according to information” stories, so take it with a few grains of salt. Still, it does fall in line with an earlier official announcement that the company would seek to go public after splitting off from its parent company (First Video Group) to focus on mobile gaming.
You may not be familiar with CMGE, but the group — a three-developer collective — has done some pretty high profile work in China. In addition to developing a number of its own games, like the popular Pao Pao Xi You, the team has also been responsible for helping distribute and localize some popular international mobile games. It works with Rovio, for example, to help develop versions of Angry Birds for Chinese feature phones.
It remains to be seen whether there’s any truth to these NYSE IPO rumors. Personally, I wouldn’t be surprised to see CMGE list sometime this year, and I expect plenty of US investors will be interested in getting involved in the white-hot Chinese mobile gaming market. If you’re interested in learning more about CMGE, the company’s official site is here and has a list of games it works on.
[Via Sina Tech]
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