Zengame Technology
TypePublic
SEHK: 2660
FoundedJuly 2010
Key people
Ye Sheng (chairman, CEO)[1]
RevenueIncrease ¥742 million (2020)[2]
Increase ¥221 million (2020)[3]
Websitezen-game.com

Zengame Technology (simplified Chinese: 禅游科技; traditional Chinese: 禪遊科技; SEHK: 2660), short for Zengame Technology Holding Limited,[4] generally known as Zengame,[5] is a Shenzhen-based[6] mobile game developer[7] and operator[8] established in July 2010[9] by Zeng Liqing.[10] The company focuses on the development and operation of mobile games,[11] as well as operating games developed by third parties.[12] Its categories of games include card games, board games,[13] and other casual games,[14] all of which can be played free of charge.[15]

The main products of Zengame contain Fighting the Landlord,[16] Sichuan Mahjong and Fast Fish Catcher.[17] The firm officially landed on the Hong Kong Stock Exchange on 16 April, 2019[18] under the stock ticker symbol "2660",[19] raising HK$221 million.[20] As of the end of December 2019, it had a total of 720 million registered users[21] and an average of 48.538 million active users per month.[22]

History

Zengame was founded in July 2010, and it once received an equity participation from 37Games.[23] In 2017, its monthly active users (MAUs) for board and card games clocked 21.6 million.[24]

In May 2018, the company launched in-game information service.[25] As of December 31, the cumulative number of registered users under the games of Zengame reached approximately 443 million.[26]

On 16 April 2019, Zengame was listed on the HKSE,[27] with Guotai Junan as its sole sponsor.[28] In H2 2019, it started to develop overseas operations.[29]

References

  1. ↑ "Zengame (HK:02660) starts public offering tomorrow". Sing Tao Daily. April 2, 2019.
  2. ↑ "Zengame's profit increased by 37% last year". Oriental Daily News. Mar 23, 2021.
  3. ↑ "Chen Zhengshen: Hong Kong stocks rebounded weakly". Oriental Daily News. May 9, 2021.
  4. ↑ Zou Xuchen (2018-11-02). "Zengame filed its listing application with the Hong Kong Stock Exchange". People's Daily.
  5. ↑ "Hutchison pharma firm goes own way". The Standard (Hong Kong). 16 Apr 2019.
  6. ↑ "It's all zen for game player debut". The Standard (Hong Kong). 17 Apr 2019.
  7. ↑ "Hint: one makes toilet paper". South China Morning Post. Jul 19, 2020.
  8. ↑ Avery Chen (8 Apr 2019). "Zengame prepares more game rollouts". The Standard (Hong Kong).
  9. ↑ "Former Tencent co-founder Zeng Liqing spends HK$170 million to buy a luxury house in Hong Kong". Hong Kong Commercial Daily. July 19, 2021.
  10. ↑ Li Tong (July 19, 2021). "21 Borrett Road is favored by many celebrities". HK01.
  11. ↑ "Dow Jones Industrial Average falls to 24,681 points". Hong Kong Economic Journal. 2020-03-06.
  12. ↑ ""Stay-at-Home Economy" is accelerating under the spread of the epidemic". Headline Daily. 2020-03-06.
  13. ↑ "Zengame Technology fully subscribed". The Standard (Hong Kong). 4 Apr 2019.
  14. ↑ "IPO Album: Game developer Zengame has passed the listing hearing". Oriental Daily News. March 26, 2019.
  15. ↑ "Hong Kong stocks have performed strongly in the past week". Ta Kung Pao. April 5, 2019.
  16. ↑ Yang Ge (Apr 15, 2019). "What, Me Worry? Zengame's Hong Kong IPO Prices in Middle of Range". Caixin Global.
  17. ↑ Peng Shuiping (April 5, 2019). "Game company to go public with annual revenue of 400 million RMB". National Business Daily.
  18. ↑ "Zengame Technology rises 16% on first day of listing". Commercial Radio Hong Kong. Apr 16, 2019.
  19. ↑ "The Hang Seng Index of Hong Kong stocks re-exceeds 30,000 points" (PDF). Wen Wei Po. 2019-04-17.
  20. ↑ "Zengame raises $221m in IPO". The Standard (Hong Kong). 1 Apr 2019.
  21. ↑ "Zengame Technology (02660.HK) recorded a net profit of RMB160 million in 2019". Commercial Radio Hong Kong. 18 March 2020.
  22. ↑ Xie Zhuorong (Mar 18, 2020). "Zengame's net profit for 2019 increased by 47.52% year-on-year". Ming Pao.
  23. ↑ "Games are increasingly becoming a part of people's lives". National Business Daily. September 27, 2019.
  24. ↑ Forbes China (16 April 2019). "Frost & Sullivan helps Zengame successfully go public in Hong Kong". Frost & Sullivan.
  25. ↑ Forbes China (Mar 18, 2020). "【2660】Zengame's net income for 2019 is RMB 161 million, up 47.5% year-over-year". Forbes China.
  26. ↑ "Zengame (02660.HK) to go public: Revenue of RMB 555 million in 2018". Sing Pao Daily News. 2019-04-07.
  27. ↑ "[New Stocks Tracking] Zengame Technology listed on the HKSE, opening 21% higher". Hong Kong Economic Journal. April 16, 2019.
  28. ↑ "China Railway Construction Corporation plans to list in Hong Kong". Ta Kung Pao. 2019-04-03.
  29. ↑ Xie Zhuorong (August 26, 2019). "Zengame intends to develop overseas business". Hong Kong Economic Times.
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