The Company
C Y Foundation operates online P2P (player to player) game tournaments for prizes all across China. C Y Foundation is the company dedicated to the online tournament market in China and sees enormous potential in a country where the online gaming market is estimated to comprise more than 45 million players (2006) and is growing at more than 39% per year.
The online tournament market in China is new. C Y Foundation maintains a first mover advantage and is developing unique tournament formats suitable for multiple market segments. The Company’s online tournaments will feature hugely popular card games such as Doudizhu and Texas Hold’em.
Distribution Channel
Our main distribution channel is internet cafes; there are over 120,000 licensed internet cafes nationwide with 27 million visitors per day. Through Network Media Center, the Company has access to a wide range of resources to accelerate the roll out and popularity of our online tournament platform, including a network of 20,000 internet cafes.
Tournament Platform
The Company will accelerate roll out of tournaments to a large network of internet cafes by developing a proprietary tournament platform. The platform will contain a full suite of services that will offer players a seamless and exciting game-user experience. This will include membership, payment, prize distribution and tournament statistics services. Click
here for further info.
Enternet
The online tournaments will gain further support and exposure through our high-end flagship entertainment centers, located in the major cities across China. The entertainment centers feature a full spectrum of entertainment including P2P tournament playing section, VIP rooms, digital cinemas playing international films and live sports, internet cafe and a refreshment area. Our first entertainment center opened on 14 September 2007 in Shanghai. Future locations to be open soon include Shenzhen and Beijing. Click
here for further info.
Office Locations
The Company has offices in Beijing, Shanghai and Hong Kong. With over 130 staff specialized in online and offline entertainment, the Company is well position for rapid growth in 2008 and 2009.