DSKY Profile
iDreamSky Technology Limited (DSKY) is a Chinese mobile game publishing company that partners with game developers to publish and promote their games in China and other markets. The company has a large and diverse portfolio of games, ranging from casual puzzle games to complex multiplayer games.
Founded in 2009 and headquartered in Shenzhen, China, iDreamSky has become one of the largest mobile game publishers in China. The company has experienced significant growth in recent years, driven by the increasing popularity of mobile gaming in China and other markets. The company has also expanded its business through strategic partnerships with international game developers and through the acquisition of domestic mobile game companies.
iDreamSky's business model is built on revenue sharing agreements with game developers, where the company takes a percentage of the revenue generated from the games it publishes. The company has a proven track record of successful partnerships, and its portfolio includes several popular games such as Fruit Ninja and Subway Surfers.
As of February 25, 2023, iDreamSky's stock has a market capitalization of approximately $864 million. The company's stock has been relatively volatile in recent years, reflecting the cyclical nature of the gaming industry and the impact of regulatory changes in China.
However, iDreamSky has continued to invest in new game titles and in expanding its user base, both in China and internationally. The company has a strong balance sheet and a solid cash position, which should help it weather any short-term market fluctuations.
As with any investment in a Chinese company, there are some risks associated with investing in iDreamSky, including regulatory and political risks, as well as risks related to intellectual property protection and competition. Investors should carefully evaluate these risks before making any investment decisions.
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