Giant Online Revenue Falls, Still Rockin' the Chinese Market

Despite declining stock value, Giant Interactive — the company behind the intriguing MMO Zhengtu Online » 11/22/08 1:30pm 11/22/08 1:30pm, which is a mix of MMO, gambling, real money transactions, and gold farming — is still tearing up the Chinese market. Steve of PlayNoEvil has some interesting analysis up of some recent numbers, which have…

On Shuttering FTP Servers and the Fate of Virtual Items

A couple of big Korean companies have floundered as of late — or at least, some of their games have been big disappointments — and it's raising interesting observations about how companies handle shutting down free to play games and what happens to the money (some) players have poured into it? Nexon is pulling its… » 11/15/08 12:30pm 11/15/08 12:30pm

China to Levy Real-World Tax on RMT

Figuring if you can't ban them, you might as well make money off of them, the Mainland Chinese government has instituted a real tax on real money transactions, which is a very ( very » 11/08/08 12:30pm 11/08/08 12:30pm) big industry in China — and one that causes concern for the government, which fears money laundering and inflation. After attempting to…

Launder That Money: RMTs in Asian MMOs

A gold farming/money laundering ring in South Korea has been accused of moving somewhere in the neighborhood of $38 million USD from Korea to China (with the help of real money transactions). According to PlayNoEvil, they made false purchases to a Hong Kong paper company to move the money, which is what eventually led… » 10/25/08 2:30pm 10/25/08 2:30pm