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Giant prepares to go mobile in 2014 with debut Kung Fu BBQ

Giant prepares to go mobile in 2014 with debut Kung Fu BBQ

Chinese PC game publisher Giant Interactive (NYSE: GA) has announced its unaudited financials for FY13, the 12 months ending 31 December 2013.

Net revenue was $389 million, up 9.5 percent.

Net income was $207 million, up 26 percent.

New horizons

Primarily a PC client/online publisher, Giant has started releasing browser-based games; something it says is showing strong potential.

In terms of mobile games, it has its first title - Kung Fu BBQ - in testing for both iOS and Android. It expects a commercial release in April 2014, although originally had hoped to launch in 2013.

This will be followed by ZT Online Mobile, a mobile version of Giant's very successful PVP fantasy RPG.

"Mobile games have become a major strategic growth focus for us and we expect some of our prior investments will begin to bear fruit in 2014," said CEO Ms. Wei Liu.

"Our internally-developed mobile games will hit the market later this year.

"Our roadmap of mobile games under development has also become much wider, covering genres such as role playing games, side-scrolling action, tower defense, simulation, and real time strategy."

In or out?

Aside from its 2013 financials, the big ongoing question for Giant's management and shareholder is a proposal from its chairman and Barings Private Equity Asia to take the company private.

The all-cash deal - which is currently being considered - is priced at $11.75 per share, valuing Giant at $2.8 billion, a 2 percent premium to its current share price.

Giant ended the period with cash and equivalents worth $633 million.

[source: PRnewswire]


Contributing Editor

A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.

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