Giant future does not exclude further investment in community website

Summary: Giant President Liu Wei said at today's analyst meeting, such as Shi Yuzhu is leading the development of Community product games and cooperation with the United States Community games mature, and 51.com cooperation. Liu Wei also said that the Giants in the future do not exclude further investment in community sites

March 5 News, giant Network president Liu Wei said at today's analyst meeting, the giant is carrying out a variety of community game research and development, successful and 51.com cooperation. Meanwhile, Liu said the Giants will not rule out further investment in community websites.

Liu Wei said that the giant is currently carrying out a variety of community-type game research and development, including the Shi Yuzhu led by a Community + games, large-scale products. Liu Wei predicts that these products will hopefully be well integrated with 51.com users after successful development.

The giant network and 51.com announced in July 2008 that the giant network spent about 51 million dollars in cash to buy 51.com of 25% equity. Analysts say the acquisition is just one part of the giant's huge takeover plan.

Shi Yuzhu has said, in addition to 51.com, the future Giants will continue to acquire some domestic community websites and online games companies. He also said that the Giants will only buy the game, there is no plan to buy small works. Shi Yuzhu thinks, the net swims only take community road to survive.

According to the public information display, 51.com was founded in August 2005, positioning blog, friends and other network applications, currently registered users 120 million, monthly active users 30 million. It was previously reported that 51.com planned to go on the Nasdaq listing in 2010.

The Giants network today released its 2009 financial year Quarterly and unaudited results. The report showed that the giant network in the last quarter net revenue of 276 million yuan (about 40.4 million U.S. dollars), down 21.8% year-on-year decline of 4.9%, net profit of RMB 197.8 million yuan (about 29 million U.S. dollars), down 31.9%, the chain flat.