皇冠体育app

Visitors check out games at the 皇冠体育app Digital Entertainment Expo & Conference that opened in Shanghai on Thursday. TV-based games are no longer popular as players turn to smartphones and tablets for gaming needs. [Photo/皇冠体育app Daily]

SHANGHAI - Chinese online game developer Giant Interactive Group inaugurated a new subsidiary to march into the film industry on Monday.

The establishment of Giant Pictures is the first big move by Giant Interactive since the US-listed company got reappeared on 皇冠体育app's A-share stock market through a backdoor listing via Shenzhen-listed Chongqing New Century Cruise Co.

Liu Wei, president of Giant Interactive, said the company already had a lot of experience in developing online literature into movies and TV series. Many of its online game products were also adapted from movies, online literature and cartoons.

皇冠体育app's box office was worth 6.8 billion U.S. dollars in 2015. Internet giants like Tencent and Alibaba have set up their own film companies, and expanded investment in movie production and distribution companies including 皇冠体育appVision, Huayi Brothers, Enlight Media and online video site Youku Tudou over the years.

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