Predict your next investment

MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Gaming

See what CB Insights has to offer

Stage

Corporate Majority | Acquired

About Guangzhou Dingyou Information Technology Co.

Guangzhou Dingyou Information Technology Co. is a China-based mobile game studio and developer of "Journey to the West".

Guangzhou Dingyou Information Technology Co. Headquarter Location

Guangzhou, Guangdong,

China

Latest Guangzhou Dingyou Information Technology Co. News

UMeWorld Completes Initial Closing of Mobile Gaming Company and Provides Corporate Update

May 12, 2014

UMeWorld Completes Initial Closing of Mobile Gaming Company and Provides Corporate Update May 12, 2014 08:14 AM Eastern Daylight Time HONG KONG--( BUSINESS WIRE )--UMeWorld Limited (OTCQB:UMEWF) is pleased to announce the completion of the initial closing of the Dingyou (Guangzhou Dingyou Information Technology Co, Ltd.) acquisition. The Company has acquired 43% of the total outstanding and issued shares of Dingyou and has the option to acquire another 37% upon Dingyou meeting certain milestones. Furthermore, Dingyou has completed the localization of “Journey To The West” for the Vietnam market. The game will be launched in Vietnam shortly by its exclusive distributor, Mobvista Network Co., Ltd., as previously announced. Mobile games are the fastest growing category in the global gaming industry and the market for games on mobile phones and tablets is already bigger than the PC gaming market. The Company continues to refine UMFun.com, its online educational platform, by adding unique features such as educational videos provided through UMeLook.com video platform. UMFun users are now able to view over 10,000 educational videos from worldwide sources. Other unique features such as a rewards system which enables users to earn special gifts, chosen from an e-store. Parents can sponsor a user with a gift from the e-store upon the completion of certain tasks. All these features are designed to be engage the student so that learning can be fun and rewarding as well. The Company has dedicated most of its resources to developing UMFun. The management team believes UMFun will be the key driver for the company’s growth and will provide a substantial revenue stream beginning in 2014 and beyond. The Company is expected to conclude a sales and distribution agreement with a Chinese National Carrier in the near future. Once this transaction is completed, UMFun will be a step closer to dominating the Chinese online K-12 educational market. The K-12 education system in China is the largest in the world, comprising 230 million students. The Company is pleased to report that UMeLook.com continues its ascension as one of the fastest growing online video websites in China. Viewership continues to grow at double digit month on month rates and surpassed 15 million unique visitors in April. About UMeWorld UMeWorld's mission is to facilitate the interaction between people "You" and "Me," through its digital platforms. UMeLook.com, an online video platform focused on bringing foreign video content to China, is deployed through a sophisticated CDN (Content Delivery Network) with broad coverage throughout mainland China. UMeLook.com intends on becoming the go to source for foreign video content for the Chinese viewer across any Internet-enabled device in China. UMFun™ is a cost effective, engaging and fun to use assessment and tutoring platform that can intelligently analyze and adapt to a student’s performance and personalizes the delivery of proprietary educational items according to the student’s learning needs. Forward Looking Statement This release may contain projections and other forward-looking statements that involve risks and uncertainties. Forward-looking statements are projections reflecting management's judgment and assumptions based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “confident” and similar statements. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations. Future performance cannot be assured. Readers are referred to the documents filed by UMeWorld with the Securities and Exchange Commission (SEC), specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Potential risks and uncertainties include, but are not limited to: whether our 2014 revenue guidance for Journey To The West can be achieved, whether a digital strategy can be achieved and the risks that there are uncertainties and matters beyond the control of management, and other risks outlined in the Company’s filings with the U.S. Securities and Exchange Commission. For more information, please contact: Ruby Hui

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Guangzhou Dingyou Information Technology Co.

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Guangzhou Dingyou Information Technology Co. is included in 1 Expert Collection, including Gaming.

G

Gaming

4,656 items

Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.

Guangzhou Dingyou Information Technology Co. Patents

Guangzhou Dingyou Information Technology Co. has filed 2 patents.

The 3 most popular patent topics include:

  • Digital display connectors
  • Embedded systems
  • Fisheries science
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/18/2015

1/1/2019

Video game bosses, Video game mascots, Web hosting, Video game characters who can teleport, Nintendo protagonists

Grant

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

12/18/2015

00/00/0000

Grant Date

1/1/2019

00/00/0000

Title

Subscribe to see more

Related Topics

Video game bosses, Video game mascots, Web hosting, Video game characters who can teleport, Nintendo protagonists

Subscribe to see more

Status

Grant

Subscribe to see more

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.