INTERNATIONAL NEWS - ASIA


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Japan’s largest IPO of the year. However, the company’s shares fell by 2.3 percent on its first day of trading. Specialising in developing free-to-play online games, Nexon recorded a net


Korean developer IPOs T


negotiations on the trade pact between the two nations, according to Aaron Hsu, chairman of XPEC Entertainment and president of the Game Industry Promotion Alliance (GIPA) of Taiwan. If the games industry is not covered by the Economic Cooperation Framework


Breaking into China C


Agreement (ECFA), he warned, Chinese game companies will be able to easily enter the Taiwan market while Taiwanese games have to go through a complicated examination system before becoming available in China. Hsu said that currently Chinese companies can directly operateWeb games in


Taiwan without passing special examination procedures. However, Taiwanese companies cannot directly operate games in China. He also pointed out that in 2011 China-made products accounted for half of


the new games released in Taiwan. In contrast, Taiwanese products constituted less than one percent of the new games released in China. Hsu predicted that if the ECFA negotiations lead to China allowing Taiwanese


companies to directly enter the Chinese game market, more international game companies will also use Taiwan as a stepping stone to its larger neighbour. XPEC Entertainment has aWeb game development and production centre in


Beijing as well as an art production base in Suzhou, and also holds a 40 percent stake in Beijing TKgame.


chocolate exhibits were the Huangpu River and famous riverside buildings including the Oriental Pearl, the Jin Mao Tower and the ShanghaiWorld Financial Center. The exhibits also included chocolate rickshaws, gramophones, vintage cars, old-style telephones and antique sewing machines, conjuring up the historic prosperity of Shanghai.


Chocolate theme park T


Expo getting bigger G


profit of $296m in 2010. The company generates revenue mainly through the sale of virtual goods. Its popular titles KartRider and MapleStory attract 7.7m active users monthly.


he South Korea-based online game developer Nexon went public on 14 December in Japan with an initial public offering (IPO) worth $1.2bn,


hina is set to become the world’s largest market for games and the Taiwanese government should therefore include the industry in this year’s


heWorld ChocolateWonderland, China’s first chocolate-themed park, opened on 16 December in Shanghai and ran to 19 February. Among the


TI Asia China Expo takes place 23-25 August at the PolyWorld Trade Center in Guangzhou. It is expected to expand for its fourth edition, with


companies from Taiwan, Japan and Korea joining domestic Chinese exhibitors. Exhibitors will launch and promote new amusement machines and organise


tournaments to heat up the atmosphere. The business opportunities and the Chinese government’s policy of supporting


the animation industry have helped GTI Asia China Expo become the most representative amusement and game trade event in China. Overseas exhibitor registration has now begun; for more information, visit www.gtiexpo.com.tw.


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