Apple eye Chinese game developer Handseeing

Aug 06, 2010
US computer giant Apple is in negotiations to buy Chinese Internet game developer Handseeing Information Technology, a top executive with the Chinese firm said Friday.

US computer giant Apple is in negotiations to buy Chinese Internet game developer Handseeing Information Technology, a top executive with the Chinese firm said Friday.

"We are indeed in talks," Handseeing's deputy general manager Tian Bo told AFP, adding discussions had been going on for "a certain period of time".

When asked when the negotiations could end, he said he hoped some kind of "incremental" announcement would come in September.

In response to a question about speculation that the US company could pay 150 million dollars for Handseeing, Tian refused to speculate, only saying jokingly: "The higher, the better."

Tian told the state Xinhua news agency that if successful, it would be Apple's first acquisition in China, but added that other foreign firms had shown interest in investing in Handseeing.

Calls to an Apple spokeswoman in Beijing went unanswered.

The news comes as Apple, based in Cupertino, California, makes a concerted push into China, a huge market where it has struggled to gain a major foothold, with the opening last month of a dazzling flagship store in Shanghai.

The company, which opened its first China store in Beijing in 2008, says it plans to open 25 additional stores on the mainland by the end of next year.

Apple's has been legally available only via , the country’s second-largest mobile operator, but sales were initially sluggish as the price was much higher than for those sold on the grey market.

Unicom has since offered lower-priced package deals.

Another reason has been that previous rules required to disable the Wi-fi function in phones sold on the mainland, making them less attractive to increasingly Internet-savvy consumers in China.

But Unicom said Friday that it would put Wi-fi-equipped iPhones on the market in China -- the world's largest with more than 800 million users -- next week.

Apple's net profit rose 78 percent to 3.25 billion dollars in the fiscal third quarter which ended on June 26, and revenue increased to a record 15.7 billion dollars, from 9.73 billion dollars a year ago.

Those figures were in part due to strong sales of the newly released iPad tablet computer, which is not yet officially available in China.

Mobile, the world's biggest mobile operator, said in May that it was interested in selling the iPad.

Handseeing, founded in 2005, is based in the southwestern Chinese city of Chengdu. It specialises in online gaming applications.

Explore further: Dish restores Turner channels to lineup

add to favorites email to friend print save as pdf

Related Stories

Lenovo says Apple missing huge opportunities in China

Jul 05, 2010

The founder of Chinese IT giant Lenovo said in an interview published Monday that Apple is missing huge opportunities in the world's most populous nation because it does not understand mainland consumers.

China Mobile expresses interest in iPad

May 13, 2010

China Mobile, the world's biggest cell phone operator, said Thursday it was interested in selling the iPad, and that talks with Apple over the sale of iPhones were still ongoing.

Apple signs deal for China iPhone launch

Aug 27, 2009

US high-tech giant Apple and China Unicom on Friday announced they had reached a multi-year deal to launch the widely popular iPhone in the world's largest mobile market later this year.

Recommended for you

Dish restores Turner channels to lineup

2 minutes ago

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks.

'Call of Duty' blasts past $10 bn in sales

Nov 20, 2014

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

Nov 20, 2014

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.