IGG Inc. achieved significant financial growth in the first nine months of 2013, with revenue rising 68.2% to US$51.3 million and adjusted profit increasing 74.2% to US$11.5 million.
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The company’s growth was driven by a strategic pivot to mobile gaming, highlighted by the successful launch of Castle Clash and a top-nine ranking among Google Play operators by Q3 2013.
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IGG Inc. completed its listing on the Growth Enterprise Market on October 18, 2013, following the conversion of all redeemable convertible preferred shares into ordinary shares in May 2013.
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The firm is prioritizing long-term portfolio expansion and performance-based incentives through structured share option schemes rather than dividend payments.
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Management is strengthening strategic partnerships with major digital platforms, specifically Apple, Google, and Facebook.
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Corporate governance is maintained through an audit committee that oversees financial reporting, despite the consolidation of the chairman and CEO roles under Mr. Zongjian Cai.
Insights
01
IGG Inc. achieved significant financial growth in the first nine months of 2013, with revenue rising 68.2% to US$51.3 million and adjusted profit increasing 74.2% to US$11.5 million.
02
The company’s growth was driven by a strategic pivot to mobile gaming, highlighted by the successful launch of Castle Clash and a top-nine ranking among Google Play operators by Q3 2013.
03
IGG Inc. completed its listing on the Growth Enterprise Market on October 18, 2013, following the conversion of all redeemable convertible preferred shares into ordinary shares in May 2013.
04
The firm is prioritizing long-term portfolio expansion and performance-based incentives through structured share option schemes rather than dividend payments.
05
Management is strengthening strategic partnerships with major digital platforms, specifically Apple, Google, and Facebook.
06
Corporate governance is maintained through an audit committee that oversees financial reporting, despite the consolidation of the chairman and CEO roles under Mr. Zongjian Cai.