Comment on Web Game Developer Forgame Landed On Hong Kong Market, Recording Valuation of Over $1 Billion by Mobile Game Publisher iDreamSky Files For Nasdaq IPO to Raise Up to US$115M - Platum

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Forgame Holdings, a low-profile Chinese web game developer, debuted on Hong Kong stock market on October 3 after launching roadshow in mid-September. Shares of Forgame soared more than 32% on the listing day, recording a market valuation of over $1 billion (report in Chinese). games on 4399 and 7K7K), social gaming (Happy Farm) and mobile gaming (Happy Fisher), because these games lowered the gaming threshold for players (source in Chinese). Due to the accessibility of web games, they are often played in more frequent, shorter sessions compared to traditional terminal games. Client games are products, while web games are services, according to Wang.