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Latest 798 Entertainment Limited. Stories

2011-01-25 05:48:00

BEIJING, Jan. 25, 2011 /PRNewswire-Asia/ -- China TechFaith Wireless Technology Limited (Nasdaq: CNTF) ("TechFaith") today announced its subsidiary, 798 Entertainment will launch a new motion sensor gaming console box in March of 2011 through 17Vee, its motion game publishing platform. The console comes with advanced motion controllers, wireless capabilities, 2GB memory, and a low power consumption duo core processor, graphics processing unit. The wireless functionality will allow gamers...

2010-12-14 05:04:00

BEIJING, Dec. 14, 2010 /PRNewswire-Asia/ -- China TechFaith Wireless Communication Technology Limited (Nasdaq: CNTF) ("TechFaith" or the "Company") today announced that its subsidiary, 798 Entertainment will launch China's first Motion MMORPG game titled "Seven Swords" through 17Wee, its motion game publishing platform. The game is expected to commence closed beta testing in the first quarter of 2011, with a commercial launch to follow. Seven Swords is based in the early Qing Dynasty,...

2010-12-01 05:00:00

BEIJING, Dec. 1, 2010 /PRNewswire-Asia/ -- China TechFaith Wireless Communication Technology Limited (Nasdaq: CNTF) ("TechFaith" or the Company) today announced that its wholly-owned subsidiary, 798 Entertainment Limited, received the 2010 China Games Developer Award, one of the industry's most prominent creative awards. The award is in recognition of the Company's "Hero Online" mobile game. Hero Online is a fantasy martial arts MMORPG mobile game based on ancient Chinese legends and...

2010-11-23 05:00:00

BEIJING, Nov. 23, 2010 /PRNewswire-Asia/ -- China TechFaith Wireless Communication Technology Limited (Nasdaq: CNTF) ("TechFaith" or the Company) today announced its unaudited financial results for the third quarter ended September 30, 2010. For the third quarter of 2010, TechFaith reported net revenue of US$ 68.6 million (RMB 464.3 million), a 30% increase compared to US$ 52.8 million (RMB 360.7 million) in the third quarter of last year. Gross margin for the third quarter of 2010 was...

2010-11-02 06:19:00

BEIJING, Nov. 2, 2010 /PRNewswire-Asia/ -- China TechFaith Wireless Communication Technology Limited (Nasdaq: CNTF) ("TechFaith") today announced it will expand its PC online gaming content catalog with the launch of its newest title Cang Hai. The launch of Cang Hai is planned for the China market on November 25, 2010 through TechFaith's subsidiary 798 Entertainment Limited. Gamers will initially have free access to limited scenes of Cang Hai with the option to pay a service fee to use...

2010-10-13 05:45:00

BEIJING, China, Oct. 13 /PRNewswire-Asia/ -- China TechFaith Wireless Technology Limited (Nasdaq: CNTF) ("TechFaith") today announced the launch of a new motion gaming platform, 17Phone. The new platform will be launched under 17Wee Motion Game Corporation Limited, ("17Wee"), one of TechFaith's indirect subsidiaries. Gamers will be able to use 17Phone to play motion games. Four free games will come preloaded with each 17Phone package. Gamers will be able to buy and download additional...

2010-10-05 05:00:00

BEIJING, Oct. 5 /PRNewswire-Asia/ -- China TechFaith Wireless Communication Technology Limited (Nasdaq: CNTF) ("TechFaith") today announced that 132 TechFaith employees, including directors and senior managers (the "Investors"), will invest a total of RMB 50 million in the company's games subsidiary, 798 Entertainment Limited ("798 Entertainment"). After the investment, 798 Entertainment will have a total market valuation of US$105 million; the Investors will own approximately 7.0% of the...

2010-09-27 06:04:00

BEIJING, Sept. 27 /PRNewswire-Asia/ -- China TechFaith Wireless Technology Limited (Nasdaq: CNTF) ("TechFaith") today announced that IDG-Accel China Growth Fund II L.P. and IDG-Accel China Investors II L.P. (the "IDG Funds"), holders of US$10 million aggregate principal amount of 8% senior secured convertible promissory notes (the "Convertible Notes") issued by TechFaith's subsidiary Leo Technology Limited, now renamed 798 Entertainment Limited, in June 2009, have exercised their...


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