CRAZY SPORTS GROUP LIMITED
Immediate Release 29 March, 2015
(Stock Code: 82)
Interpretation on the Results of V1 Group for the Full Year of 2014V1 Group Limited (the "Company" or "V1") is pleased to announce that the results of the Company and its subsidiaries (the "Group") for the full year of 2014. In 2014, the total revenue of the Group increased by 227% to HK$1,945,712,000.
Lottery-related business
The main source of income for V1's lottery-related business is the websites set up and operated by the partners of the Group, including Lottery 365, a strategic cooperative mobile
application developed by the business partner of the Group,"Zhongguozucaiwang"（中國
足彩網）(www.zgzcw.com) and"Diyicai"（第一彩）(www.diyicai.com). The cooperation
pattern has also contributed to the income structure. In 2014, the revenue and profits from
lottery-related business increased by 111% and 146% respectively from last year.
Given the great opportunities arising from 2014 World Cup Brazil, Zhongguozucaiwang made efforts in promoting itself on major search engines and attracted a large number of new users to its website by offering promotions to new users such as trial reward upon registration and recharge discount. During the World Cup, the website also hosted an array of promotional activities. These interesting activities, with a variety of prizes, brought great fun to the users during the World Cup. These promotional activities led to the exponential growth of the sales volume on the website, with a 200% surge in the number of active users as compared to the same period of last year.
Zhongguozucaiwang has rolled out its new webpages of football lottery information, which present fresh visual effects, comprehensive display of all lottery games and enrich information contents. These new features are coupled by great new functions which offer better service to its users. Specifically, users can switch among a variety of game bets and enjoy quicker and more convenient selection of sports matches and betting odds.
Meanwhile, the website has added high-frequency lottery games enriching the lottery types, enhancing the entertainment level of the games and enabling users to enjoy more convenient lottery purchase experience even without leaving home.
--------------------------------------------------------
6/F Nexxus Building, 41 Connaught Road Central, Central, Hong Kong
香港中環干諾道中 41 號盈置大廈 6 樓
T 852 2851 1038 F 852 2815 1352 E enquiry@wsfg.hk W www.wsfg.hk
With the growing popularity of mobile social network platform, marketing models are also changing, content marketing and sharing among friends have become important ways of promotion. A brand new HTML5 lottery-purchase platform was launched in 2014 where users can directly buy lotteries via WeChat. At the moment, the HTML5 version has been connected to the Life Channel on WoStore of China Unicom, the Discovery Channel of Huawei Application Market and the Lottery Channel on the default browser of Meizu mobile phones.
Diversified cooperation with various channels has introduced some growth engines into the website. The extensive coverage of such cooperation not only increased the number of users and sales volume, but also improved its brand image, corporate image and reputation, proving the website's leading role in the lottery industry. In respect of the development of
channel cooperation, the website has cooperated with such platforms as Lefeng.com（樂蜂
網）, 1905.com (1905 電影網）, LBX Pharmacy（老百姓大藥房）, tuanche.com（團車網）,
Beijing Appsports Information Technology（掌控體育）, yiqifa.com（億起發）, JJWorld
(Beijing) Network Technology（競技世界）, cnwest.com（陝西西部網）, fengyunzhibo.com
（風雲直播）and Go market（安智市場）.
Lottery 365 (彩票 365)In 2014, Lottery 365, the strategic cooperative product self-developed by partner of V1, has become the first lottery mobile application achieving over 100 million downloads in China; it also enjoyed a rapid growth of daily active users. Lottery 365 ranked first in terms of downloads, number of active users and market share within the mobile internet lottery industry, according to the statistics from independent research institutes such as myapp.com
（騰訊應用寶）, Analysys International（易觀智庫）and CNIT-Research（中國 IT 研究
中心）. By tapping into the business opportunities brought by the 2014 World Cup Brazil,
Lottery365 witnessed a high-speed and all-round growth, both its user base and market share
have achieved a remarkable progress in 2014.
In April 2014, Lottery 365 formally became a sponsor of Beijing Guoan F.C.（北京國安
足球隊）, being the sole sponsor from the lottery industry for the Chinese Football
Association Super League in the 2014 season. The 3-D advertisement in the goal poles area
kept appearing on the CCTV broadcasts, drawing extensive attention from football fans in Beijing and all sectors of community. This led to an all-time record of downloads in Beijing region. Subsequently, Lottery 365 was invited to attend the 2014 Global Mobile Internet
Conference （二零一四全球移動互聯網大會）in May and became a highlight at the event.
"Caijinbao"（「彩金寶」）, an internet wealth-management product jointly released by Lottery 365 and E Fund Management Co., Ltd., is the first internet financial product launched by a company in the lottery industry. Different from other wealth-management
products such as Yuebao（餘額寶）, users who purchase the currency fund of Caijinbao via
Lottery 365 will gain income from the currency fund and receive, from Lottery 365, a bonus
lottery in an amount equal to the monetary value of the fund purchased. It is the first cross-industry attempt to adopt the mode of "Income Plus（"「收益+」）and consequently it has
received enthusiastic coverage in the media. For users, the increase in the returns further accelerate their activity in the program.
--------------------------------------------------------
6/F Nexxus Building, 41 Connaught Road Central, Central, Hong Kong
香港中環干諾道中 41 號盈置大廈 6 樓
T 852 2851 1038 F 852 2815 1352 E enquiry@wsfg.hk W www.wsfg.hk
In December 2014, Lottery 365 cooperated with CreditEase Toumi（宜信投米）, an
internet P2P wealth-management platform, launching the wealth-management scheme
"Yitoucai"（「宜投彩」）. This cross-industry cooperation is an innovative move co-authored
by different supply chain partners. It is not only boost user's comprehensive income, but also
improve users' loyalty towards Lottery 365.
The direction of the lottery-related policy in China is crucial for our future development. We will make timely adjustments to the Group's business structure and development strategies based on relevant policy in China to achieve greater and healthier growth.
The year of 2014 was of diversified development for V1 Portal business. In 2014, revenue from tele-media increased by 166% as compared with last year. V1 Portal's number of visits skyrocketed and it made breakthrough in the traffic and influence of exclusive reports and features.
In respect of the reports on 2014 National People's Congress ("NPC") and the National Committee of the Chinese People's Political Consultative Conference ("CPPCC") (collectively, "Two Sessions"), V1 Portal provided live streaming for 19 times, planned 12 programs, produced 237 video clips and extensively disseminated them through approximately 100 media and channels. Consequently, V1 Portal was honored with the "2014 Two Sessions Online Reporting Organization Award". In addition, V1 Portal received wide acclaim for its coverage of the 2014 Asia-Pacific Economic Cooperation (APEC) Summit. In particular, V1 Portal dispatched a 15-member team for the key feature report on "2014 APEC China Day". During the two-day event, V1 Portal produced 104 pieces of video news and 28 photo galleries. It also utilized V1 Circle, the Group's mobile application to keep V1 Portal's website and mobile application in real-time synchronization, yielding great publicity effect.
The Group adapts its overall strategy and business development planning to the rapid development of mobile internet and socialnomics. Based on V1 Portal, the Group has started its transition from the single service of video news to a diversified portfolio that includes entertainment, communities and vertical e-commerce. Apart from V1 Circle launched in the first half of 2014, the Group promptly rolled out another three new business lines, namely, V1Game, V1BO and V1PIN in the second half of 2014.
V1 Circle (V1 圈) was newly developed by V1 Portal, and was the first mobile application for mobile video social platform in China, which integrated news browsing, video shooting, editing and sharing. Since its launch, V1 Circle has caught the attention of various media and the market of mobile applications, with hundreds of thousands of users sharing their real stories through micro-film, creative short videos and affection videos on V1 Circle. V1 Circle - To see, to shoot and to share, discover anytime!
--------------------------------------------------------
6/F Nexxus Building, 41 Connaught Road Central, Central, Hong Kong
香港中環干諾道中 41 號盈置大廈 6 樓
T 852 2851 1038 F 852 2815 1352 E enquiry@wsfg.hk W www.wsfg.hk
V1Game (V1 遊戲) is positioned as a first tier interactive digital entertainment platform
in China. The experienced team built the platform quickly and smoothly and has achieved
stellar performance in terms of number of products, user base expansion and platform development. With a total of 35 games launched on its platform in 2014, V1Game is witnessing a surge in the number of games and users. Leveraging on the strong brand strength and technical capability of V1 Portal, V1Game realized high-speed development in less than half a year.
V1BO (V1 播) rolled out in 2014, and by the end of December of 2014, the number of broadcasters has reached over a thousand with 500 live broadcasts every day, the number of registered users growing stably. By the end of the same year, it finished its research and development of Android version mobile applications to lay the groundwork for mobile devices, in order to increase active users.
V1PIN (唯一品) guarantees that all of its products are imported from overseas and genuine, and is committed to becoming a trustworthy and high quality shopping platform offering affordable products. It aims to provide an enjoyable and reliable online shopping experience to every beauty-conscious woman who cares about her quality of life. Currently, the website provides the products of approximately 70 international brands from more than
10 countries. V1PIN targets to extend its product source to around 20 countries in 2015.
With the rapid growth of e-commerce industry and the competition is getting fierce in China, while O2O strategy has become extensively applied in the market at the same time, making the players of China e-commerce industry keeping trial and error to find their way out. To reduce the costs and fighting for a position in the e-commerce industry, we will explore a new business model for e-commerce development including O2O strategy, in order to develop their potential to the full as soon as possible.
China Mobile Games and Entertainment Group Limited ("CMGE"), has grown rapidly in 2014 in both its publishing business and self-developed games. Moreover, throughout the course of the year, CMGE has strengthened its intellectual property ("IP") and overseas strategy. Building on the core principles of "product innovation" and "user satisfaction," CMGE has firmly established a diverse and comprehensive mobile gaming ecosystem that includes its self-developed games, publishing business, IP, game support platform and distribution platform. In 2014, the revenue and profit increased by 261% and 11,598% respectively as compared with last year. During 2014, CMGE has achieved many significant milestones. CMGE further advanced its leadership position in the China mobile game publishing industry, as reflected by our leading and expanding share of gross billings according to Analysys International. Moreover, CMGE increased its revenue and Non-GAAP profitability sequentially with significantly grew the player base, from 28.0 million MAUs in the fourth quarter of 2013 to 71.5 million MAUs in the fourth quarter in 2014.
According to Analysys International, CMGE ranked No. 1 in terms of gross billings among China's mobile game publishers for six straight quarters from July 2013 to December
2014, and was estimated to have approximately 20.1% of the mobile game publishing's market share in China during the fourth quarter of 2014. Since establishing our third-party publishing business in the middle of 2013, CMGE has successfully published more than 10 mobile games each with monthly gross billings over RMB10 million, including Despicable
me: Minion Rush (神偷奶爸：小黃人快跑), Crisis Action (全民槍戰), Super Hero (超級英
--------------------------------------------------------
6/F Nexxus Building, 41 Connaught Road Central, Central, Hong Kong
香港中環干諾道中 41 號盈置大廈 6 樓
T 852 2851 1038 F 852 2815 1352 E enquiry@wsfg.hk W www.wsfg.hk
雄), Tian Tian Ying Xiong (天天英雄) and Jue Zhan Sha Cheng (決戰沙城). In particular, Jue Zhan Sha Cheng (決戰沙城), a MMORPG mobile game, has been showing improving
monthly gross billings in recent months. In addition, CMGE recently published four new games, including The King of Fighters' 97 (拳皇 97 對戰版), Monster Hunter- the Great Hunting Quest (怪物獵人：大狩獵), Pleasant Goat and Big Big Wolf Rush (喜羊羊快跑) and Uncharted Waters V(大航海時代 5).
Crisis Action (全民槍戰), one of the world's first First Person Shooting ("FPS") mobile games, has been very successful. In addition, on 29 January 2015, CMGE published Pleasant
Goat and Big Big Wolf Rush (喜羊羊快跑) ("Pleasant Goat"), the world's first 3D running
game based on the Pleasant Goat and Big Big Wolf Rush (喜羊羊快跑) IP rights that CMGE
acquired. In its first day of launch, Pleasant Goat reached 2.85 million downloads in a single
day. Pleasant Goat also generated monthly gross billings of over RMB20 million during its first month of being published. During February 2015, Uncharted Waters V (大航海時代 5),
which CMGE published in cooperation with Tecmo Koei became one of the few successful
Japanese mobile games published in China in the first quarter of 2015.
In 2014, CMGE also published high-quality mobile games outside of China. CMGE has established offices in Hong Kong, Taiwan, Korea and Japan to focus on the localization of the games it publishes as well as actively pursue collaboration opportunities with overseas marketing platforms. Throughout 2014, CMGE published more than 10 mobile games overseas, including in Hong Kong, Macau, Taiwan, Korea, Thailand and Russia. Such games
include Wu Shuang San Guo (無雙三國), Wonder Hero (英雄本色), Age of Tank (坦克世
界), Chao Shen Xue Yuan (超神學園), Chao Shen Lian Meng (超神聯盟), Da Hua Xi You
(大話西遊), Wei Shou Lai Xi (尾獸來襲), Jin Gu Bang OL (金箍棒 OL) and Dark Creator
(暗黑創世神), many of which have performed well in these markets on both Android and
iOS.
Rise of Darkness (全民破壞神), an MMORPG mobile game published by Tencent in China, for which CMGE has the rights to publish in the United States, Canada, Australia and the United Kingdom, is expected to be launched in the United States and Canada in April
2015. CMGE currently has a strong overseas publishing pipeline and is preparing to publish the following games overseas in 2015: The Creator (無間獄), Blood Reincarnation (戰國陰 陽師), War Valley : Age of Valor (戰谷：勇者時代) and Clash Of Galaxy.
In recognition of the success of its publishing business, for the 2014 Golden Plume Awards, CMGE was named "The 10 Best Game Enterprises". Moreover, CMGE's game Crisis Action was named "The Most Popular Social Game".
According to Analysys International, CMGE was ranked a Top 10 developer in China in both the third and the fourth quarter of 2014. In 2014, CMGE's self-developed MMORPG
mobile game Wonder Hero (英雄本色) was ranked first in popularity rankings on Kakao
Talk, Naver, T-store, N-store within 48 hours after its launch in Korea. Currently, CMGE has multiple games in its self-development pipeline. New Legend of Sword and Fairy (新仙劍奇 俠傳), co-developed with Softstar Technology (大宇資訊), will begin closed beta testing in April 2015. Naruto: Shinobi Masters (火影忍者：忍者大師), co-developed with GREE, is in
its final stage of development. CMGE is also currently developing a Shaolin Temple - themed ARPG mobile game as well as a RPG game that is adapted from the popular online
--------------------------------------------------------
6/F Nexxus Building, 41 Connaught Road Central, Central, Hong Kong
香港中環干諾道中 41 號盈置大廈 6 樓
T 852 2851 1038 F 852 2815 1352 E enquiry@wsfg.hk W www.wsfg.hk
fiction Ze Tian Ji (擇天記) co-developed with 7Cool (無錫七酷網絡). Both games are
scheduled to enter closed beta testing in the second quarter of 2015. In addition, in 2014, the highly anticipated ARPG mobile game The Creator (無間獄), which CMGE co-developed with Shanghai Yin He Shu Wu (上海銀河數娛), won the "2014 Unity 3D Vision Award".
CMGE also has numerous games in various stages of self-development and co-development based on IP rights CMGE acquired, including, among others, One Piece:
The Path of Powers (航海王), Samurai Shodown (侍魂), Ikkyuu San (聰明的一休), Si Da
Ming Bu (四大名捕) and Hello Kitty (凱蒂貓). These games are expected to be launched
during 2015. The Group is looking forward to the strong overall growth of CMGE's
self-developed games in 2015.
Throughout 2014, CMGE established a series of strategic partnerships with IP owners in Japan, the United States and Taiwan and sourced several classic IPs such as Naruto (火影忍 者), One Piece (航海王), Dragon Ball Z (龍珠 Z), Ikkyuu San (聰明的一休), Hello Kitty (凱 蒂貓) and Samurai Shodown (侍魂), among others. In addition, CMGE made a strategic
investment in Inplay, a leading Korean developer of mobile and PC games of which Warner
Brothers is a major shareholder.
In 2014, in addition to further developing its existing competitive products, CMGE has also developed two product lines each with long life-cycles, including poker games and e-sports games. Both of these products performed exceptionally well in 2014. In addition,
CMGE entered into a strategic cooperation with Jin Huan Tian Lang (金環天朗), a leading
mobile poker game developer in China in which CMGE made a strategic investment in 2014,
to focus on building a social platform with multiple social functions and interactive services.
In 2014, CMGE published various e-sports mobile games, including Crisis Action (全民 槍戰), Charming Dancer (天天炫舞) and, King of Fighters' 97 (拳皇 97 對戰版). As one of
the world's first FPS competitive mobile games and an official mobile game title in the World
E-sport Championship Games, Crisis Action (全民槍戰) has performed very well as part of
the regularly held online competitions titled "Hero Leagues," which attracts many players. Another unique 3D dance-themed game, Charming Dancer (天天炫舞), with its simple
operation, catchy characters and real-time communication tools, has won popularity among players and was awarded the "2014 GMGC Best Visual Award".
In 2014, CMGE's proprietary game center developed steadily with total registered users reaching 24 million by 31 December 2014. In addition, CMGE's highest monthly downloads and total downloads for the year were approximately 100 million and over 700 million, respectively. By pre-installing game center applications on the handsets of users mainly from third-tier and fourth-tier cities in China, CMGE has achieved successes in promoting its single-player games and mobile poker games. In particular, CMGE has achieved the annual targets set to pre-install our game center application and/or games on more than 80 million smartphones by the end of 2014.
In 2014, through strategic cooperation with China Unicom, CMGE has also expanded into the field of television games. In October 2014, CMGE and International Data Group
collectively established the "Future Family Fun Alliance" on China Unicom's WoStore (沃商
--------------------------------------------------------
6/F Nexxus Building, 41 Connaught Road Central, Central, Hong Kong
香港中環干諾道中 41 號盈置大廈 6 樓
T 852 2851 1038 F 852 2815 1352 E enquiry@wsfg.hk W www.wsfg.hk
店), which has aggregated over forty core enterprises in the family entertainment industry,
including content providers, electrical appliance manufacturers, game controller
manufacturers, chipset manufacturers, third party platforms and media, among others, to develop and distribute mobile games and other forms of entertainment on a smart television platform.
For every segment of the mobile game industry in which it is involved, CMGE has either made strategic investments or established operating subsidiaries with a goal to develop an integrated ecosystem focused on product innovation and user satisfaction. Such strategic
investments and subsidiaries include Inplay, 51 PK (51PK 遊 戲 對 戰 平 台 ), Yunva
Technology, Super Flash and Jin Huan Tian Lang (金環天朗), among others. Among all of
CMGE's investment projects, its strategic investment in Angel Fund Success Capital (志成資
本) has been instrumental in making CMGE's overall investment strategy in the mobile game
industry more complete. Since its inception in June 2014, Success Capital (志成資本) has
invested in 18 projects including in mobile game developers, television game developers,
game art production companies, game music production companies, gaming media as well as game IP integrators.
In 2014, with product innovation and user satisfaction as its core principles, CMGE has successfully established an integrated ecosystem, bringing together self-developed games, game publishing, IP, a game support platform and distribution platform. Through this ecosystem, CMGE will continue to strive to provide players with more interesting games and high quality services and thereby create a gaming brand to foster loyalty among players.
- END -
About V1 Group Limited
V1 Group (www.v1.cn) is one of the largest new media enterprises in China which
principally engage in the production and broadcasting of internet video news, web TV and mobile video news, as well as online advertising. Besides, we also engage in lottery-related business and mobile games development and distribution business.
V1 Group IR website: http://ir.v1group.com.hk
This press release is distributed by Wonderful Sky Financial Group Limited on behalf of V1 Group
Limited.For further information, please contact: Wonderful Sky Financial Group Limited Alice Wang / Jessica Wong
Tel：(852) (852) 3970 2133 / (852) 3970 2195
Fax：(852) 2865 1638
E-mail：alicewang@wsfg.hk / jessicawhy@wsfg.hk
Wonderful Sky Financial Group 皓天財經集團 7--------------------------------------------------------
6/F Nexxus Building, 41 Connaught Road Central, Central, Hong Kong
香港中環干諾道中 41 號盈置大廈 6 樓
T 852 2851 1038 F 852 2815 1352 E enquiry@wsfg.hk W www.wsfg.hk
|
distributed by
|
