Company to Create Chinese Virtual World – Min Lee

From AP, via Physorg.com:

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Swedish software company MindArk, which operates the online game Entropia Universe, has authorized a Beijing company to create what it calls the largest-ever virtual world for China, MindArk said Friday.

Gothenburg-based MindArk said in a statement the Chinese virtual world will have a capacity of 7 million concurrent players and aims to draw 150 million users in total.

It said the new game is expected to generate $1 billion in economic activity every year. Elina Heng, a spokeswoman for the new project, said MindArk aims to launch the new game in August 2008. [Full Text]

See also the original Press Release from Market Wire.

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