Text/Wang Dan

On December 24, Perfect World announced that Perfect World Co., Ltd. and its wholly-owned subsidiary, Shanghai Perfect Space Software Co., Ltd., had signed an Asset Purchase Agreement with Scopely, Inc. on December 23.

Founded in 2011, Scopely is a California-based mobile game maker that was acquired by Savvy Games Group, a gaming group wholly owned by Saudi Arabia's Public Investment Fund, in April 2023 for $4.9 billion. Scopely's casual mobile game "Monopoly Go!" launched last year attracted more than $2 billion in just 10 months after its launch, setting a record for mobile game revenue at the time.

According to foreign media Mobilegamer.biz reports, in October this year, Scopely's chief revenue officer Tim O'Brien said in his outlook for 2025 that they hope to complete at least one large transaction. And at that time, he revealed that Scopely had quietly completed some small investment collaborations, and that the big deals, although not yet announced, were near: "You should hear about us [big deals] soon." （but you’ll hear about some coming up, probably pretty soon.）”

According to the announcement, Scopely plans to purchase game-related assets and office equipment such as documents and computers for 34.5 million US dollars (equivalent to about 250 million yuan) of Perfect Space's Chengfeng Studio. As part of the deal, the studio, including the main core team, will leave the company and set up a new company to develop new games, in which Scopely will invest and hold a minority stake.

Chengfeng Studio was founded in 2020, and there were rumors on the Internet that the studio staff was the original team that produced the "Dragon Nest" mobile game that year.

At present, the main work of Chengfeng Studio is to accept the entrustment of partners and be responsible for the development of Perfect World's "Codename PIE" game. Some of the game assets and related documents owned by Perfect Space formed during the development of the project will be transferred to Scopely in this transaction, and the target employees will join the new company established by the core employees, and Scopely will invest in the new company and hold a minority stake; Perfect Space has the right to continue to use the underlying assets in accordance with the manner and scope agreed by both parties.

According to Perfect World's preliminary estimates, it is estimated that the net impact of the transaction on the net profit attributable to shareholders of the listed company will be approximately RMB120 million, taking into account the inventory cost to be carried forward, the severance pay of employees to be borne by the company, the book value of the office equipment to be transferred, the potential impact of the transaction on the entrusted game projects under development, and income tax and other related tax expenses.

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