Finet Group Buys Role Play Game Developer Hangzhou Tianchang For $26 Million

Hong Kong online ad company Finet Group has bought interactive gamer Hangzhou Tianchang Network Technology. The buyout is part of Finet internet, media and mobile growth strategy in China. The deal calls for Finet to pay $26 million (RMB 200 million) in cash, part of which will be used for Tianchang’s own business expansion, which will look to build up marketing and research units. Some of Tianchang’s popular online role-playing games include The Legend of Tang Dynasty, Warfield, New Knight Errant Story and QQ Shui Hu. Release

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