China has the largest contingent with 400 gamers. Thirty are into game development, and they work with more than 750 game developers across the globe. Also, when the company raised its second round of funding, Vertex-an arm of the Singapore government's investment company, Temasek-took a stake. IGG-founded in 2006 by Cai, Xu, Hong Zhang (who's the chief technology officer) and Yuan Chi (who's a nonexecutive director)-chose to situate its headquarters in Singapore in 2009 because the government gave it a concessional corporate tax rate. 20 in the region in terms of gaming revenues because it fields intense competition from gaming biggies like Japan's Bandai Namco, Mixi, Konami, Square Enix, Gung Ho and CyberAgent China's NetEase and Tencent and South Korea's Netmarble and NCSoft. The company, which operates in the strategy-games niche, is listed on the Hong Kong stock exchange and counts China, Vietnam and Indonesia as key markets for its flagship game, Lords Mobile-in addition to the U.S. More On Forbes: Forbes Asia's 200 Best Under A Billion 2018įor IGG, too, the Asia-Pacific region is a big contributor, accounting for 49% of 2017 sales. "For many consumers in the region, the smartphone is the first and only device that gives them access to the internet and to gaming." "There's obviously a disproportionate number of people in the region, but the growth is also because of the prevalence of smartphones and mobile infrastructure," says Tom Wijman, market analyst at Newzoo, which provides insights on the gaming, mobile and esports industries. The Asia-Pacific region, which accounts for nearly two thirds of the global mobile gaming spend, is expected to spur growth with China and Japan leading the charge (see chart below). (Photo: The Community Chest)Īnd there's more growth to come at the $1.8 billion (market cap) company, as the mobile gaming market is projected to rise from $56 billion in calendar 2017 to $70 billion in 2018 to $106 billion in 2021. IGG’s Zongjian Cai (right) presents a donation to James Blake of The Community Chest following the.
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