Perfect World (company)

Perfect World Co., Ltd.
Native name
 北京完美世界网络技术有限公司
Private
Traded as Formerly NASDAQ: PWRD
Industry Game developer and publisher
Founded March, 2004[1]
Headquarters Beijing, China and Redwood City, California
Key people
 Robert Hong Xiao (CEO)
Revenue Increase CN¥3.05 billion (2013)[2]
Increase CN¥542.4 million (2013)[2]
Number of employees
 4500
Subsidiaries Antaeus Cinema Line
Runic Games
Cryptic Studios
Perfect World Entertainment
Website wanmei.com

Perfect World (Chinese: 完美世界; formerly 完美时空) is a China-based video game company specializing in MMORPGs. Perfect World was founded in 2004 by Chi Yufeng, the president of Human Software Corporation.[3] The company aims to develop and market games with Chinese characteristics. The company's initial public offering on the Nasdaq was completed in July, 2007.[4]

Perfect World is parent to Seattle-based game developer Runic Games. In 2009, Perfect World entered into an agreement to publish Torchlight, an action-RPG in production by Runic Games worldwide and later bought a majority stake in Runic Games.[5]

On May 31, 2011, it was announced that Perfect World had acquired Cryptic Studios from Atari for over $50 million.[6]

The company will acquire Antaeus Cinema Line.[7]

Games developed

Perfect World Entertainment

Perfect World Entertainment is the company’s North American online games publisher specializing in immersive free-to-play MMORPGs. Founded in 2008, Perfect World Entertainment currently operates 10 titles.

Perfect World Europe B.V

Created in early 2010, in Amsterdam, Perfect World Europe focuses on localizing and operating massively multiplayer games in Europe. Currently, it has Jade Dynasty as well as Forsaken World in both French and German.[9]

Current games

Licensed games

Collaboration with Valve

On October 18, 2012, Valve Corporation announced an agreement granting Perfect World exclusive rights to market and distribute Dota 2 in mainland China. CEO Robert Hong Xiao stated that his company was "confident that adding this action strategy game to our diverse portfolio of games will bring additional world-class entertainment and premier gaming experiences to our players in China."[10]

On 25 February 2016, Perfect World hosted Dota 2's Shanghai Major. While the tournament itself was well received in regards to the player performances, overall the event was deemed a failure. This was mainly due to delays on stream, spotty broadcasts and various other problems within the tournament, including the theft and deterioration of the competing teams' equipment.[11] There was also a number of issues with the commentators, including the firing of James "2GD" Harding halfway through the tournament. James had what many would consider a very lackluster performance—opening with a crude joke about masturbation—however much of the problems stemmed from the considerably greater time between games than anticipated because of the aforementioned broadcasting issues. In the month that followed the event, Yunfan Zhang the president of Perfect World apologized for the less than stellar event.[12]

References

  1. ↑ "Milestones". Perfect World Corporate. Perfect World. Retrieved 18 December 2015.
  2. 1 2 "2013 Annual Report" (PDF).
  3. ↑ IGN. Beijing Perfect World Co. Ltd
  4. ↑ AP. Perfect World shares surge in debut. July 26, 2007.
  5. ↑ "Perfect World Enters into Publishing Agreement with Runic Games" (Press release). Perfect World Co., Ltd. 2009-04-22. Retrieved 2009-04-23.
  6. ↑ http://massively.joystiq.com/2011/05/31/perfect-world-acquires-cryptic-studios/
  7. ↑ Frater, Patrick (September 7, 2016). "China’s Perfect World Buys Antaeus Cinema Chain". Variety. Retrieved September 7, 2016.
  8. ↑ Romano, Sal (2015-09-19). "Final Fantasy Type-0 Online announced for PC and smartphones". Gematsu. Archived from the original on 2015-09-19. Retrieved 2015-09-19.
  9. ↑ http://www.pwrd.com/html/en/cus_sub_europe.html
  10. ↑ http://www.sacbee.com/2012/10/18/4922820/perfect-world-and-valve-announce.html
  11. ↑ http://steamed.kotaku.com/disastrous-dota-2-tournament-ends-with-missing-gear-pi-1763412162
  12. ↑ "Perfect World apologises for Shanghai Major mess". Retrieved 2016-10-04.
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