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CDC Games Says Some Game Revenue Rises
Thursday October 4, 10:09 am ET
CDC Games Says Average Daily Revenue for "Yulgang" and "Special Force" Games Up in September


NEW YORK (AP) -- Chinese software, online gaming and Internet service company CDC Corp.'s online gaming unit, CDC Games, said Thursday that average daily revenue for its "Yulgang" and "Special Force" games rose sharply in September.

CDC Shares rose 68 cents, or 9.1 percent, to $8.19 in morning trading.

CDC Games said "Yulgang" had average daily revenue growth of more than 20 percent during September, compared with July and August.

The company attributed the game's revenue growth in part to the release of an upgrade to the game in late August, Yulgang v180, which has new weapons and maps and a revised clan feature meant to benefit the company's average revenue per user. CDC Games also cited the shutting down of unauthorized servers that offered "Yulgang" and which caused the game's revenue to drop in July and August.

CDC Games said average daily revenue for its first-person-shooter online game "Special Force," which it launched in June, rose 52.3 percent from August to September. From August to September, peak concurrent users of "Special Force" rose about 13.3 percent.

The game now has more than 6 million registered users, CDC Games said.

The company intends to launch five or six new games in the next six months, such as "The Lord of the Rings Online: Shadows of Angmar."

CDC Games added that the open beta test of "Battle of Shadows" in the United States has been delayed. It is anticipated to start soon and launch in the fourth quarter of the year. "Battle of Shadows" is the company's first stateside online game.

CDC Games anticipates solid sequential growth in its fourth quarter.