China Techfaith Wireless Communication Technology Limited announced in October the signing of agreements with Chinese mobile phone branding companies aigo, Doov, AMT, QiGi and Flyfot. By terms of these agreements, the BVI corporation, through its wholly-owned gaming subsidiary 798 Entertainment Limited, will provide game content services to these companies.
The mobile phone branding companies will build game contents built in by 798 Entertainment into their mobile phones. Also, mobile phone users can also download other 798 mobile phone games after purchasing such mobile phones. The mobile phone branding companies will pay service fees to 798 Entertainment. The mobile phone customers can play the games free of charge, and will be charged additional fees when they purchase accessories for the games.
Mr. Defu Dong, Chairman and CEO of BVI-registered China TechFaith, said in his comments that the agreements signed by the company confirmed their view that “there will be an increasing convergence of mobile phone contents and handsets as mobile network operators and mobile handset branding companies seek to better differentiate themselves for a competitive advantage.”