Network Game maker Kabam successfully transformed mobile valuation 700 million USD

Kevin Chou, founder of Zhou Kevin, "Sohu It News" Beijing time July 16 news, according to foreign media reports, online gaming company Kabam CEO Zhou Kevin (Kevin Chou) said that in the most recent private transactions allowing employees to sell common shares, the company's valuation of 700 million U.S. dollars. Kabam was founded in 2006, headquartered in California State Redwood City, its well-known games include "Arthur Kingdom", "Speed and passion 6: Games" (The Fast & Furious 6:the Game), "Dragons of Atlantis", "　　Camelot Kingdom (Kingdoms of Camelot). Zhou Kevin said: "This time to allow employees to sell common stock on the scale of 38.5 million U.S. dollars." The most important reason we allow our employees to sell common stock is that as the company grows, we want all our employees to benefit from the value they have created. He said: "Over the past year, we have launched the most successful game distribution and platform business in North America, providing users with more than 20 high-quality games." It is because of the joint efforts of all our employees that we have achieved so much success. "At the beginning of the Kabam, Facebook was its most important source of revenue. But aware of the rise of mobile devices, Kabam began a business transformation two years ago.　　By December last year, only 30% of Kabam's current revenue came from Facebook. According to Kabam, its launch of the game based on film and free racing elements, "Speed and passion 6: Games" in the market quickly attracted a large number of players.　　Up to now, Kabam's 7 games can create 1 million of billions of dollars of gross profit per month, and its most popular Camelot kingdom has brought 200 million dollars in revenue for the company over the past 4 years. Zhou Kevin declined to disclose information related to the Kabam IPO plan. (Kuke)