Nexon, the freemium gaming company that went public around the time that Zynga did, saw its fourth-quarter revenues jump 39 percent to 30.9 billion Japanese yen ($331.4 million). It still posted a net loss of 94 million yen ($1 million) because of writedowns in various investments and higher tax expenses in South Korea. Founded in Seoul almost 20 years ago, Nexon built a strong business in… → Read More
Here in these parts, we may write a tad too much about our Silicon Valley gaming brethren like San Francisco’s Zynga and Redwood Shores’ Electronic Arts.
But there’s actually a company that’s worth quite a bit more and has outperformed both since its IPO last December. It’s Nexon, a free-to-play gaming company that started out in South Korea and quietly grew a handful of titles into… → Read More
Korean online gaming powerhouse Nexon is seeking to list on the Tokyo Stock Exchange next month, Japanese business daily The Nikkei is reporting today. According to the paper, the company aims to raise a total of 100 billion yen (US$1.3 billion), which would be the biggest IPO in Japan this year.
Nomura Securities, Morgan Stanley and Goldman Sachs will manage the offering, with Nexon expecting… → Read More
Silicon Valley loves to dismiss Asian companies as nothing more than copycats who thrive, particularly in China, because the government protects them and punishes Western competitors. Even when the businesses in question are dramatically different in practice and scale, they are described as the “eBay of China”, “The Google of China” and “the YouTube of China,” not Alibaba, Baidu and YouKu. I’ve… → Read More
Social game developer A Bit Lucky has raised $5 million in new funding from South Korean gaming company Nexon. This brings A Bit Lucky’s funding to nearly $8 million. Previous investors include SV Angel, Founder Collective, Felicis Ventures, Lerer Ventures, Delicious founder Joshua Schachter, and others.
A Bit Lucky, which was founded by Frederic Descamps and Jordan Maynard, is best known for its… → Read More
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