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March 17, 2017

China’s online retailer Alibaba is spending a lot of money on mobile gaming

Alibaba, the huge online retailer based in China, is making yet another move in the mobile gaming industry. This week, it announced plans to invest 1 billion RMB (about $145 million) to help launch a global distribution network for mobile games.

See also: Best free Android games of 2017! 2 weeks ago

The company will establish other partnerships with companies like Russia’s Mail.ru Group, TFJoy from the Netherlands, China’s Efun and ONEMT from the Middle East. Together, those five companies will launch what is being called the “Global Strategic Alliance of Game Distribution”.

What does this mean? Basically, these groups of businesses feel that the [...]

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