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Perfect World reorganizes its R&D branches
Chinese gaming giant Perfect World Co. has issued a statement declaring a restructuring of research and development teams and the subsequent formation of five new subsidiaries. Says the press release, The structure of forming new subsidiaries that are majority-owned by Perfect World is aimed to help attract and motivate top talent by granting them direct stake in the subsidiaries under the new incentive scheme. Perfect World will support these subsidiaries with the Company's proprietary technology, graphic design, integrated platform, distribution channels and other valuable resources. The Company believes that the new structure will help invigorate the game development process, support game design flexibility, allow faster reaction to changing market trends, and boost game development productivity. Through its subsidiary Perfect Online Holding Limited, Perfect World also recently acquired a 3% stake in Digital Extremes Ltd., which publishes Warframe. Perfect World Co., Ltd., is not to be conflated with Perfect World Entertainment, known to our audience primarily for its custodianship of Cryptic's Star Trek Online, Neverwinter, and Champions Online. PWE is Perfect World Co.'s North American online games publisher.
Dota 2 enters beta testing in China next week
Come September 25, Valve Software's Dota 2 will enter beta testing in the world's most populous country: China. "We have been working diligently to localize 'Dota 2' for Chinese players and we are now ready to launch unlimited closed beta testing in China for the game," said Robert Xiao, CEO of Chinese online game operator Perfect World Co. "We highly look forward to embracing a new world of players to the game and bringing them abundant excitement and fun." Once the beta test has launched, Dota 2 will be available as a free download. Like its North American iteration, the game will also offer players a host of microtransactions for various in-game items.
Perfect World acquires Cryptic Studios
We've been on pins and needles since Atari announced two weeks ago that it was planning to sell off Cryptic Studios. Champions Online and Star Trek Online players were worried about the future of their titles, generating many rumors as to what might happen next . Today, we know the answer. Perfect World Company has inked a deal to purchase Cryptic from Atari. Euro Investor has the full agreement between the two companies, which details the specifics of this $50+ million purchase. The Chinese firm, which already has a host of MMOs under its umbrella, is taking over 100% of Cryptic's equity from Atari. Perfect World's Michael Chi thinks that this will give the company more credence in the western market: "We are very pleased to sign the agreement to acquire Cryptic Studios. This strategic acquisition will add attractive game titles to our portfolio, which will help us further penetrate into the U.S. and global online game markets. More importantly, Cryptic Studios' highly reputable development team and its technology platform will further strengthen our well-established R&D capabilities. We deem this as another noteworthy achievement of our global expansion efforts." Hopefully, this deal will mean nothing but good things for Cryptic, which is also deep into development with Neverwinter. [Thanks to everyone who sent this in!]
