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China Mobile Games And Enterta

China Mobile Games and Entertainment Group (CMGE) is a public company that is primarily engaged in the development and publishing of mobile games in China. The company was founded in 2009 and is headquartered in Shanghai, China.

As of February 2023, CMGE's stock is listed on the NASDAQ stock exchange under the ticker symbol "CMGE." The company has a market capitalization of around $700 million.

In terms of financial performance, CMGE has reported strong earnings and revenue growth in recent years. In 2021, the company's total revenue was RMB 4.1 billion (approximately $630 million), representing an increase of 44.6% compared to the previous year. The company's net income for the year was RMB 702.6 million (approximately $108 million), up from RMB 478.1 million (approximately $73 million) in 2020.

One of the key drivers of CMGE's growth has been its focus on the rapidly growing market for mobile games in China. The company has a large portfolio of games, including popular titles such as "The Legend of condor heroes," "The Three Kingdoms," and "Qing's Palace." These games are available on a variety of platforms, including iOS, Android, and PC.

CMGE has also been active in expanding its business through strategic acquisitions and partnerships. In 2021, the company acquired a controlling stake in Guangzhou G-bits Network Technologies Co., Ltd., a leading provider of mobile game development and operation services in China. The acquisition is expected to further strengthen CMGE's capabilities in game development and operation, and help the company to expand its market share in the mobile game market.

Overall, CMGE is a well-established and fast-growing mobile game company in China, with a strong portfolio of popular titles and a proven track record of financial performance. The company is well-positioned to continue its growth trajectory, driven by the ongoing popularity of mobile games and its strategic efforts to expand its business.