Kingnet

Internet company with mobile Internet traffic portals, platform operations and product development. Learn more

Launch date

2008

Employees

201-500 people

Market cap

Enterprise valuation

AUD3.6b (Public information from Sep 2024)

Minhang District Shanghai (HQ)

https://www.kingnet.com/

https://twitter.com/kingnetgaming https://www.facebook.com/hs.kingnet https://www.linkedin.com/company/%E4%B8%8A%E6%B5%B7%E6%81%BA%E8%8B%B1%E7%BD%91%E7%BB%9C%E7%A7%91%E6%8A%80%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Revenues, earnings & profits over time

CNY	2019	2020	2021	2022	2023
Revenues	2.0b	1.5b	2.4b	3.7b	4.3b
% growth	-	(24 %)	54 %	57 %	15 %
EBITDA	210m	232m	919m	1.4b	1.8b
% EBITDA margin	10 %	15 %	39 %	38 %	42 %
Profit	(1.9b)	178m	577m	1.0b	1.5b
% profit margin	(93 %)	12 %	24 %	28 %	34 %
R&D budget	373m	313m	339m	511m	527m
R&D % of revenue	18 %	20 %	14 %	14 %	12 %

Date	Investors	Amount	Round
Nov 2009	Kleiner Perkins	$2.0m	Series A
Feb 2011	Kleiner Perkins	$15.0m	Series B
Jan 2015	N/A	N/A	Series B
Total Funding		AUD26.3m

Kingnet is a leading developer and publisher of mobile and web games, catering to a global audience. The company operates in the highly competitive gaming market, focusing on creating immersive and engaging experiences for users. Kingnet's business model revolves around the development and distribution of free-to-play games, which generate revenue through in-game purchases and advertising. The company serves a diverse client base, including casual gamers and dedicated gaming enthusiasts. By leveraging advanced technologies and creative game design, Kingnet aims to capture a significant share of the gaming market and drive user engagement. The company also invests in research and development to stay ahead of industry trends and continuously improve its offerings.

Keywords: mobile games, web games, user engagement, immersive experiences, free-to-play, in-game purchases, advertising, casual gamers, gaming enthusiasts, advanced technologies.