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INTERNET | Internet Software & Services / Gaming

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Stage

Acquired | Acquired

Valuation

$0000 

Revenue

$0000 

About Yaowan Yule Network Technology

Yaowan Yule Network Technology is a browser and mobile game developer and operator.In June 2013, Yaowan Yule Network Technology was acquired by Datang Telecom. The valuation of Yaowan Yule Network Technology was undisclosed. Other terms of the deal were not released.

Yaowan Yule Network Technology Headquarter Location

Guangzhou, Guangdong,

China

Latest Yaowan Yule Network Technology News

Datang Telecom to Acquire Gaming Firm Yaowan

Jun 27, 2013

Shanghai Stock Exchange, 6/27/13 Chinese telecom equipment manufacturer Datang Telecom (600198.SH) has announced that it plans to acquire Guangzhou-based browser and mobile game developer and operator Yaowan Yule Network Technology for a combination of stock and cash valued at approximately RMB 1.70 bln. 65% of the transaction will be carried out through stock issuances and 35% of the transaction will be carried out through a cash payment. Yaowan Yule currently operates over 70 browser games on the company's own browser gaming platform as well as subsidiary company platforms. As of March 2013, Yaowan Yule's gaming platform had over 1.06 mln registered users, boasted average monthly revenue per paying user (ARPU) of RMB 570, an active user base of 863,000, and took in average monthly revenues of over RMB 25 mln. Yaowan Yule's Q1 2013 revenue was RMB 124.26 mln, with net profit of RMB 30.80 mln. The company's total revenue and net profit for full year 2012 were approximately RMB 259.31 mln and RMB 27.01 mln, respectively. Editor's Note: Datang Telecom last month dropped plans to acquire Shanghai-based browser game developer and operator Sanqiwan Network Technology. For more background on this topic, please see " Datang Telecom to Acquire Game Operator, IT Services Firm ," MD 4/26/13 issue; and " Datang Telecom Abandons Acquisition of Game Firm Sanqiwan ," MD 5/23/13 issue. Please note, all fields are required. None of your personal information will be shared with third parties. Name:

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Expert Collections containing Yaowan Yule Network Technology

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

Yaowan Yule Network Technology is included in 1 Expert Collection, including Gaming.

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Gaming

4,747 items

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

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