Chinese mobile game developer and publisher Chukong/CocoaChina declared a leader in mobile category
HONG KONG – September 17, 2012 – Red Herring announced its Top 100 award in recognition of the leading private companies from Asia, celebrating these startups’ innovations and technologies across their respective industries. Chukong/CocoaChina was selected as one of this year’s Red Herring 100 Asia winners. Red Herring’s Top 100 Asia list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
CocoaChina (under the umbrella of Chukong Technologies) was established in 2008 as a community forum for Chinese mobile developers and has since expanded to become a leader in Chinese mobile game development and publishing. Their flagship game title, Fishing Joy, recently reached 100 million downloads, a feat, which only a handful of titles have accomplished, including Angry Birds and Temple Run. CocoaChina launched its sequel, Fishing Joy 2, earlier this year, which has also achieved notable global success. CocoaChina also publishes games developed by top local and international developers, with a publishing portfolio ranging from large MMO titles to creative casual games that have reached top free and top grossing charts in China.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Asia to the Top 100 Winners. We believe Chukong/CocoaChina embodies the vision, drive and innovation that define a successful entrepreneurial venture. Chukong/CocoaChina should be proud of its accomplishment, as the competition was the strongest it has ever been.”
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia.
“We appreciate Red Herring’s recognition of our winning position in the Chinese mobile gaming space,” said Lei Zhang, Chukong/CocoaChina’s General Manager of USA, “This validates CocoaChina’s success and business model, including our approach in handling publishing in China. We look forward to partnering with more top-tier international developers to help them succeed beyond their home markets, especially now that there is an accelerated growth of revenue opportunities for games targeting smart devices in China.”
Founded in 2008, CocoaChina is the first and largest Chinese developer platform dedicated to mobile game development. CocoaChina began as a forum for Chinese iOS developers and now operates under the umbrella of Chukong Technologies. PunchBox Studios, which also operates under Chukong Technologies, was created by the same team behind CocoaChina to help developers create, monetize, localize, and distribute their mobile games globally. Headquartered in Beijing, China, CocoaChina also has offices in Sunnyvale, California and Tokyo, Japan. For more information, please visit http://www.chukong-inc.com/.
Molly Gerth, TriplePoint for CocoaChina