Gamasutra is running a story about China's growing online entertainment industry, as NetDragon and Giant Interactive, two MMORPG developers, prepare to go public this week.
China is receiving closer attention from Wall Street as two Chinese MMORPG developers prepare to go public next week. Shanghai based Giant Interactive will list on the New York Stock Exchange on October 31 under the ticker "GA".
The company will raise over US$800 million for a market capitalization of over US$3 billion, making it the largest online game company in China. Fujian based NetDragon has filed to raise up to HK$1.42 billion (US$1=HK$7.8) on the Hong Kong stock exchange. NetDragon is expected to begin trading on November 2 under the stock ticker "8288".
Read the full article on Gamasutra here.