About Kingnet Technology
Established in 2008, Shanghai Kingnet Technology Ltd. Co.(Abbreviated with Kingnet Technology) is a global digital technology company specializing in game development and distribution. Kingnet Technology has more than 900 employees with different teams of development and operation. The online platform product XY Assistant which acquired over 100 million users make the company into one of the largest app distributor in China in the shift of market from PC to mobile end. In 2014, a mobile game “MU Online”from Kingnet Technology set a new industrial record of daily revenue with 26 million CNY for the launch event.
To expand the scope of company, Kingnet Technology started a new O2O business called “Hi 维修”which is a door-to-door phone fixing service. It is an off-line product that works with IOS, Android and other mobile end. Kingnet Technology is also the biggest 3rd party publisher on the Tencent platform.
In 2016, Kingnet Technology officially listed on the capital market, becoming one of domestic A-share gaming companies in China (stock code:002517) with market value about 30 billion CNY. As the mobile era continues to accelerate with capital investment, the stronger Kingnet technology aims to expand the scope of gaming through platform, content and VR/AR.
In 2015, Kingnet Technology invested in a Chinese VR-hardware company Dapeng to get into the virtual reality field. In addition, Kingnet Technology will found a platform called Banli (“chestnut” in English) Entertainment in the future, aiming to become the largest platform of virtual reality content provider in China. And Kingnet Technology will keep doing investments in software and hardware for virtual reality in the future in order to take the leader position of industry.
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