On the 6th of June, 2024, Kingnet Capital HK Limited was officially established, marking its presence as a wholly-owned overseas subsidiary of Kingnet Network Co., Ltd. (SZ.002517).
Kingnet Network Co., Ltd. (SZ.002517) is a well-known listed online game company in China. The company's main business covers R&D as well as the operation and publishing of quality entertainment content, including mobile games, webgames and PC games. It also engages in the operation of webgame platforms and mobile apps distribution platforms. In addition, Kingnet is actively developing its overseas business in hopes of creating an international market through its strong R&D capacity and market development capability, thus pushing the company’s performance to the next level.
The company has always held fast to the principle of providing higher quality and better service, with user value at the core of what Kingnet is about. The company continual improves upon its games in every way, values the sustained profitability of its products, and strives to provide users with the best gaming experience possible. Kingnet operates under a core strategy that involves focusing on the game industry and conducting three core businesses that cover R&D, publishing and investment + IP. In doing so, it endeavors to build a multi-dimensional R&D system and a complete publishing system, while also seeking out and introducing quality IPs. Kingnet intensively investigates the brand potential of different IPs and strives to tap and enhance the brand value of its IPs to their full potential. By drawing on its superior technological strength and excellent R&D team, the company has expanded its product line and created next-gen quality games. Now, the company's strength in acquiring and creating quality IPs has become a part of its core competitiveness. This advantage generates strong momentum for the company to develop new games. The MU Miracle stands as a pioneer and successful example of a mobile game IP adapted from a client game IP. Shanghai Kingnet and Zhejiang Shenghe, which are under the Kingnet banner, have developed and operated numerous popular games including Happy Tower, Shushan Legend, MU Miracle, Legend of Blue Moon, 《敢达争锋对决》, World of Warships Blitz, Legend of Kings and Figure Story.
Kingnet always persists in focus on the main business of developing games as its core strategy for corporate development. It follows the principle of creating quality games that meet market demand, operates three business systems including R&D, publishing and investment + IP. With user value at its core, Kingnet continuously provides users with quality content and services as well as a fulfilling gaming experience and strives to be an outstanding listed online game company.Kingnet Capital HK Limited shall steadfastly uphold Kingnet's corporate development ethos, driven by a fervor for value creation and a robust sustainable developmental strategy. Its emphasis will be on the evolution of burgeoning game sectors, the advancement of cutting-edge technologies in specialized fields, the enrichment of an extensive industrial framework, and the meticulous cultivation of a diversified ecosystem aimed at international investment and financing enterprises.