Zengame Technology

Zengame Technology (simplified Chinese: 禅游科技; traditional Chinese: 禪遊科技; SEHK: 2660), short for Zengame Technology Holding Limited,[4] generally known as Zengame,[5] is a Shenzhen-based[6] mobile game developer[7] and operator[8] established in July 2010[9] by Zeng Liqing.[10] The company focuses on the development and operation of mobile games,[11] as well as operating games developed by third parties.[12] Its categories of games include card games, board games,[13] and other casual games,[14] all of which can be played free of charge.[15]

Zengame Technology
TypePublic
SEHK: 2660
FoundedJuly 2010
Key people
Ye Sheng (chairman, CEO)[1]
RevenueIncrease ¥742 million (2020)[2]
Increase ¥221 million (2020)[3]
Websitezen-game.com

The main products of Zengame contain Fighting the Landlord,[16] Sichuan Mahjong and Fast Fish Catcher.[17] The firm officially landed on the Hong Kong Stock Exchange on 16 April, 2019[18] under the stock ticker symbol "2660",[19] raising HK$221 million.[20] As of the end of December 2019, it had a total of 720 million registered users[21] and an average of 48.538 million active users per month.[22]

History

Zengame was founded in July 2010, and it once received an equity participation from 37Games.[23] In 2017, its monthly active users (MAUs) for board and card games clocked 21.6 million.[24]

In May 2018, the company launched in-game information service.[25] As of December 31, the cumulative number of registered users under the games of Zengame reached approximately 443 million.[26]

On 16 April 2019, Zengame was listed on the HKSE,[27] with Guotai Junan as its sole sponsor.[28] In H2 2019, it started to develop overseas operations.[29]

References
  1. "Zengame (HK:02660) starts public offering tomorrow". Sing Tao Daily. April 2, 2019.
  2. "Zengame's profit increased by 37% last year". Oriental Daily News. Mar 23, 2021.
  3. "Chen Zhengshen: Hong Kong stocks rebounded weakly". Oriental Daily News. May 9, 2021.
  4. Zou Xuchen (2018-11-02). "Zengame filed its listing application with the Hong Kong Stock Exchange". People's Daily.
  5. "Hutchison pharma firm goes own way". The Standard (Hong Kong). 16 Apr 2019.
  6. "It's all zen for game player debut". The Standard (Hong Kong). 17 Apr 2019.
  7. "Hint: one makes toilet paper". South China Morning Post. Jul 19, 2020.
  8. Avery Chen (8 Apr 2019). "Zengame prepares more game rollouts". The Standard (Hong Kong).
  9. "Former Tencent co-founder Zeng Liqing spends HK$170 million to buy a luxury house in Hong Kong". Hong Kong Commercial Daily. July 19, 2021.
  10. Li Tong (July 19, 2021). "21 Borrett Road is favored by many celebrities". HK01.
  11. "Dow Jones Industrial Average falls to 24,681 points". Hong Kong Economic Journal. 2020-03-06.
  12. ""Stay-at-Home Economy" is accelerating under the spread of the epidemic". Headline Daily. 2020-03-06.
  13. "Zengame Technology fully subscribed". The Standard (Hong Kong). 4 Apr 2019.
  14. "IPO Album: Game developer Zengame has passed the listing hearing". Oriental Daily News. March 26, 2019.
  15. "Hong Kong stocks have performed strongly in the past week". Ta Kung Pao. April 5, 2019.
  16. Yang Ge (Apr 15, 2019). "What, Me Worry? Zengame's Hong Kong IPO Prices in Middle of Range". Caixin Global.
  17. Peng Shuiping (April 5, 2019). "Game company to go public with annual revenue of 400 million RMB". National Business Daily.
  18. "Zengame Technology rises 16% on first day of listing". Commercial Radio Hong Kong. Apr 16, 2019.
  19. "The Hang Seng Index of Hong Kong stocks re-exceeds 30,000 points" (PDF). Wen Wei Po. 2019-04-17.
  20. "Zengame raises $221m in IPO". The Standard (Hong Kong). 1 Apr 2019.
  21. "Zengame Technology (02660.HK) recorded a net profit of RMB160 million in 2019". Commercial Radio Hong Kong. 18 March 2020.
  22. Xie Zhuorong (Mar 18, 2020). "Zengame's net profit for 2019 increased by 47.52% year-on-year". Ming Pao.
  23. "Games are increasingly becoming a part of people's lives". National Business Daily. September 27, 2019.
  24. Forbes China (16 April 2019). "Frost & Sullivan helps Zengame successfully go public in Hong Kong". Frost & Sullivan.
  25. Forbes China (Mar 18, 2020). "【2660】Zengame's net income for 2019 is RMB 161 million, up 47.5% year-over-year". Forbes China.
  26. "Zengame (02660.HK) to go public: Revenue of RMB 555 million in 2018". Sing Pao Daily News. 2019-04-07.
  27. "[New Stocks Tracking] Zengame Technology listed on the HKSE, opening 21% higher". Hong Kong Economic Journal. April 16, 2019.
  28. "China Railway Construction Corporation plans to list in Hong Kong". Ta Kung Pao. 2019-04-03.
  29. Xie Zhuorong (August 26, 2019). "Zengame intends to develop overseas business". Hong Kong Economic Times.
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