Youdong Network

Youdong Network

Offers an online gaming platform.

HQ location
Xiamen, China
Launch date
Employees
Enterprise value
$87m
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CNY126m

Valuation: CNY630m

Post IPO Equity
Total Funding000k
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More about Youdong Network
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Founded in 2011, Youdong Network is a China-based developer and operator of mobile games. The company focuses on creating strategy and role-playing games, with titles available for Android devices. Key offerings have included military-themed games, titles based on the Three Kingdoms period, and idle games.

The company's history includes several significant milestones. In 2012, its web game "Tower Defense Martial Arts" became a top 10 game on the Tencent platform. Youdong Network initiated its mobile game development in 2013, with multiple titles quickly reaching the top of app store charts. By 2016, the company held copyrights for over 70 games. A notable achievement occurred in 2020 when its game "Nariagari: Hazy Promise of the Sengoku" ranked as the number one nurturing game in Japan, and its overseas revenue surpassed domestic income for the first time.

Financially, the company has seen substantial growth and strategic movements. Youdong Network was listed on the NEEQ (National Equities Exchange and Quotations) in January 2017. In January 2019, it received a significant strategic investment from Hangzhou Electronic Soul Network Technology Company, a publicly traded A-share company, which acquired an 80% stake. Subsequently, in 2022, Electronic Soul moved to purchase the remaining 20% of shares, making Youdong Network a wholly-owned subsidiary. This acquisition was part of a strategy to integrate resources and accelerate global expansion. Youdong Network has demonstrated strong financial performance, exceeding its net profit targets for three consecutive years from 2019 to 2021.

The business operates by developing and publishing its games, generating revenue through in-app purchases and other monetization strategies within its game portfolio. The company has established strong cooperative relationships with other game developers, expanding its reach into international markets, with some of its products entering the top 20 bestseller lists in countries like Japan, Vietnam, and Indonesia. In recognition of its global success, the company was named a "national key cultural export enterprise" for 2021-2022.

Keywords: mobile game developer, game operator, strategy games, role-playing games, Android games, Chinese game developer, Xiamen, Hangzhou Electronic Soul Network Technology, game publishing, international game market, NEEQ listed, cultural export, in-app purchases, online gaming, entertainment software, Tower Defense, Three Kingdoms games, Japanese game market, Southeast Asia game market, mobile entertainment

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