About Forgame
Forgame is a publicly listed company based in Guangzhou (China) founded in 2009. It operates as a web and mobile games are developed and published in China. Forgame has raised $72.79 million across 2 funding rounds from investors including Qiming Venture Partners, TA Associates and Ignition Capital. The company has 46 employees. Forgame has completed 1 acquisition, including Beijingxiguahuyuentertainmenttechnology. Its focus areas include Gaming, PC & Console Gaming, Game Developers and Web Games. Its competitors include Playtika, Playco, Moon Active, MIXI and Thatgamecompany and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
Forgame Group (Forgame or the Group) is a leading developer and publisher of webgames in China with a fast-growing mobile game business. Established in 2009, Forgame has successfully developed and launched over 30 easy-to-access, highly engaging and popular games. Forgames publishing platform, 91wan, published 79 self-developed and licensed webgames, and had attracted over 179 million registered players as of June 30, 2013. The games can be played on both 91wan, and through an extensive network of more than 350 publishing partners, including popular websites operated by Tencent, Qihoo360, YY and 4399. This integrated business model creates synergies that improve its overall performance. All games developed or published by the Group adopt an item-based revenue model, in which players have free access to games and can purchase virtual items that improve their in-game experience.
- Headquarters Guangzhou, China
- Employees 46
- Stage Public
- SectorsMedia & Entertainment
- Website forgame.com
- Social LinkedIn
- Legal Name Forgame Holdings Ltd.
- Annual Revenue$21.67 M (USD)88.43as on Dec 31, 2025
- Net Profit-$6.57 M (USD)20.4as on Dec 31, 2025
- EBITDA-$4.57 M (USD)20.38as on Dec 31, 2025
- Total Equity Funding$72.79M (USD)
in 2 rounds
- Latest Funding Round$4M (USD), Series A
Apr 2013
- InvestorsQiming Venture Partners
& 2 more
- Employee Count46
- Investments & Acquisitions
Funding Insights of Forgame
Forgame has successfully raised a total of $72.79M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in April 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $72.79M
- Total Rounds 2
- Last Round Series A — $4M
- First Round $68.79M
(Jun 2012)
- Investors Count 3
All 2 funding rounds of Forgame with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2013 | $4M | Series A | – | – | – |
| Jun 2012 | $68.79M | Series A | – | – |
3 investors in total: 3 institutional.
Investors in Forgame
Forgame has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Qiming Venture Partners, TA Associates and Ignition Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by private equity firm TA. | – | ta.com | Boston, United States | |
- | – | igncap.com | - | |
Venture capital investments are directed toward multiple sectors. | 2006 | qimingvc.com | Shanghai, China |
Investor details for Forgame
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
IPO & Listings of Forgame
Forgame is a publicly listed company on the HKEX with ticker symbol 484 in Hong Kong, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date03 Oct 2013
- Listed onHKG: 484
- Listed entityForgame Holdings Ltd.
- Exchange sectorTechnology services
- ISINKYG363361083
- Share price0.62 HKD (-3.13% on the day) · 2026-10-12
- Market capitalisation104,377,061.00 HKD
- EPS (diluted, trailing year)-0.29 HKD
- Volume (last session)6,000
Financials of Forgame
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 168.7M HKD | -51.2M HKD | -35.6M HKD |
| 2024 | 89.5M HKD | -64.3M HKD | -44.7M HKD |
| 2023 | 66.5M HKD | -19.5M HKD | -14.4M HKD |
| 2022 | 132.7M HKD | -23.4M HKD | -21.7M HKD |
| 2021 | 171.3M HKD | 21.1M HKD | 12.5M HKD |
Detailed financial statements for Forgame
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Forgame
Forgame has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Beijingxiguahuyuentertainmenttechnology.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
- | beijingxiguahuyuentertainmenttechnology.tcc.mode | – | 0 | Jun 2019 | $21.8M |
Complete acquisition details for Forgame
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Forgame
5 dated milestones of Forgame across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Forgame is founded.
- Funding First funding round of $68.8M.
- Funding Latest funding round, Series A, of $4.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Beijingxiguahuyuentertainmenttechnology.
Competitors of Forgame
Forgame has 10 listed competitors in our database, 9 of them funded. They include Playtika, Playco, Moon Active, MIXI and Thatgamecompany, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| playtika.com | 2010 | Tel Aviv, Israel | $1.5M | – | Casual games are developed for mobile and web platforms. | |
| play.co | 2020 | Tokyo, Japan | $100M | 40 | Developer of social web games for PC and console | |
| moonactive.com | 2011 | Tel Aviv, Israel | $425.5M | – | Mobile and social games developer | |
| mixi.co.jp | 1999 | Shibuya, Japan | – | – | Mobile games and social platforms are developed and published. | |
| thatgamecompany.com | 2006 | Santa Monica, United States | $172.5M | 73 | Developer of PC and mobile-based games | |
| wgt.com | 1995 | San Francisco, United States | $10M | 55 | Golf-focused video games are developed and published independently. | |
| ga-me.com | 2004 | Shanghai, China | $164.33M | – | MMO games are developed by a China-based company. | |
| xd.com | 2003 | Shanghai, China | $39.3M | – | Web-based PC games are developed by Xindong Network. | |
| sulake.com | 2000 | Helsinki, Finland | $11.65M | – | Metaverse social networking and online games are developed by Sulake. | |
| splashmusic.com | 2017 | Brisbane, Australia | $20.12M | – | PC and console musical gameplay is developed with AI instruments. |
Detailed competitors of Forgame
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Forgame
The website of Forgame (forgame.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 8.8% vs previous month
Websites whose visitors overlap most with Forgame. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| boyaa.com | 100% | 2.8K | #5,706,058 | View details | |
zh.wikipedia.org | zh.wikipedia.org | 30% | – | – | – |
| xueqiu.com | 21% | 22.1M | #1,769 | View details |
Top companies in MMORPG & Online Gaming
10 companies that operate in the same segment as Forgame (MMORPG & Online Gaming), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Casual games developer and publisher for mobile and web platforms | 2007 | San Francisco, California, United States | USD 525.6 M | USD 49.68 M | 624 | |
Developer of mobile-based casual video games | 2017 | London, England, United Kingdom | USD 202 M | – | – | |
Operator of a platform providing skill-based games and interactive entertainment | 2018 | Delhi, Delhi, India | USD 92 M | USD 83.05 M | 1 | |
Provider of cross-platform game engine technology | 1991 | Cary, North Carolina, United States | USD 8.13 B | – | 771 | |
Mobile games are developed and published by Jam City. | 2007 | Culver City, California, United States | USD 499.49 M | – | – | |
Operator of a multifaceted platform for sports content and experiences | 2008 | Mumbai, Maharashtra, India | USD 1.34 B | USD 509.95 K | – | |
Mobile social games and services are developed and operated globally. | 1999 | Shibuya, Tokyo, Japan | – | USD 926.03 M | 2,570 | |
Skill-based online games are provided through a technology-driven platform. | 2006 | Mumbai, Maharashtra, India | USD 99.06 M | – | – | |
Diversified gaming and sports media platforms are operated and developed. | 1999 | Mumbai, Maharashtra, India | USD 127.93 M | USD 194.94 M | 63 | |
Casino games are developed for mobile and web platforms. | 2011 | Burlingame, California, United States | USD 36.17 M | USD 235.1 M | 568 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Forgame
Complete news archive for Forgame
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Forgame
Forgame was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Forgame is headquartered in Guangzhou, China. It is registered at Guangzhou, Guangdong, China.
Forgame is a funded company, having raised a total of $72.79M across 2 funding rounds to date. The company's 1st funding round was a Series A of $68.79M, raised on Jun 2012.
Forgame has 46 employees.
Annual revenue of Forgame is $21.67M as on Dec 31, 2025.
Forgame Group (Forgame or the Group) is a leading developer and publisher of webgames in China with a fast-growing mobile game business. Established in 2009, Forgame has successfully developed and launched over 30 easy-to-access, highly engaging and popular games. Forgames publishing platform, 91wan, published 79 self-developed and licensed webgames, and had attracted over 179 million registered players as of June 30, 2013. The games can be played on both 91wan, and through an extensive network of more than 350 publishing partners, including popular websites operated by Tencent, Qihoo360, YY and 4399. This integrated business model creates synergies that improve its overall performance. All games developed or published by the Group adopt an item-based revenue model, in which players have free access to games and can purchase virtual items that improve their in-game experience.
Forgame's top competitors include Playco, Playtika and Thatgamecompany.
Yes, Forgame is publicly traded on HKEX under the ticker symbol 484.
Forgame has made 1 acquisition, including Beijingxiguahuyuentertainmenttechnology.
Forgame has 3 investors. Key investors include Qiming Venture Partners, TA Associates, and Ignition Capital.