Aeria Games buys game portal Ijji Games and raises money

Aeria Games has acquired free-to-play online gaming portal Ijji Games, the company announced today. It has also received funding from Ijji parent company NHN Corporation, a Korean-based internet company that specializes in search and gaming portals for the Asian market.

“NHN grants Aeria Games the first right to review and obtain, with preferential treatment, all MMO games that NHN has obtained licenses to, whether through its wholly-owned or partially-owned studios or third-party studios. The transaction … Continue Reading

Nexon shares fall in first day of trading: not good for Zynga

Online game company Nexon saw its shares fall in its first day of trading on the Tokyo Stock Exchange following its $1.2 billion initial public offering.

The deal was Japan’s biggest IPO this year and it doesn’t augur well for Zynga, which plans to start trading shares on Thursday.

Nexon sold more than 70 million shares. It closed at 1,270 yen, or $16.31 a share, compared with its opening price of 1,300 yen, or $16.70 … Continue Reading

Korea's incubator, Litmus, looks familiar

Go East, young entrepreneur! The chance to become rich and famous with a startup is no longer just an American dream. It’s happening in Asia too, as talent, energy and resources flow from the U.S. to the east.

Venture capital investment in Asia has nearly tripled in the past five years to $15.6 billion. China has leaped ahead to become the world’s second-largest venture market at $7.6 billion investments, while India has climbed to third … Continue Reading