Shanghai, China -- Aug.8,2004 -- UCI announced its investment in Shanghai Coolman Entertainment Co. Ltd. so as to participate in developing and operating the online game,PlanetSide,around China.
PlanetSide is developed by SOE (SONY ONLINE ENTERTAINMENT), the leading company for online games' development in the world. Although being a startup, Coolman showed its talents of technique and rich experience in China's online game market and eventually succeeded in signing the agreement of PlanetSide's operation in China with SOE.
Since its entering into the mainland of China in 1998, online games have made flying progress and stepped into a stable and mature development at present. The market size of online games in China in 2001 has been close to 310 million RMB, which is anticipated to reach 8.34 billion RMB in 2006 by IDC's research. The promising future of this industry therefore makes itself to be the favorable by many VCs.
Coolman is a new startup in MPVC's incubator and was captured by UCI as well as other Venture Capitals when they recently made the presentation of their business plan on 'MPVC 1st Projects Recommendation & Business Plan Evaluation' during MPVC's Anniversary Event. Eventually, UCI became the swift-footed investor. This investment also indicated that UCI and MPVC have started their cooperation after they signed the Strategy Cooperation Agreement.
'Capital devotion is only the first step we support Coolman to develop and grow. Our value is more than that.' said by Mr. Yu Wei, Chairman & CEO of UCI,' The strategy cooperation of UCI and MPVC will let Coolman enjoy the priority to share our resources. We will not only supply professional services of finance and legal affairs, but also help Coolman to do further refunding. Besides this, Coolman can also use various advertising networks which our portfolios possess to promote the new online game, such as Focus Media's Commercial Building LCD-TV AD Network, Allyes's Online AD Network and so on.'
'With the help from UCI and MPVC, we have made rapid development.' Mr, Che Ting, the General Manager of Coolman said,' Now is the right time to enter
China's online game market since it has moved to mature phase from the developing phase. We are so grateful for UCI and MPVC's support and we also
believe that Coolman will make great achievements on China's onlie game market with their support.'
At present, the Chinese version of PlanetSide is ready to be released. Game fans can find more their interested information about this game on some wellkown online game aggregation websites, such as PLAY119.com, games.sina.com.cn and 17173.com. 
More information about Coolman, please visit: http://www.coolman.com.cn |