While Rovio has expanded the hugely successful Angry Birds brand into merchandising and licensing business, it has struggled to produce more hit games and recently cut about 110 jobs, representing 14 percent of its workforce.
“Angry Birds has been downloaded close to half a billion times in China,” Rovio Chief Executive Pekka Rantala said.
“China is a massively important market and the mobile games industry is growing at a very significant pace.”
Chinese games company Kunlun’s share price has more than doubled since the business listed on the Shenzhen stock market last month- Reuters
