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Shenzhen Zqgame Co., Ltd: Business Overview, Financials & Competitive Analysis

Shenzhen Zqgame Co., Ltd scores 5/10 on the AskCyborg Cyborg Score (Mixed). Established gaming company with strong IP portfolio and user base, but facing near-term profitability challenges in competitive market. While Zqgame demonstrates strong historical growth with reported revenues exceeding ¥900 million by 2022 and active user bases over 100 million, recent financial performance shows losses with negative net income.

What is Shenzhen Zqgame Co., Ltd's industry? Shenzhen Zqgame Co., Ltd (zqgame.com) operates in Online Gaming / Interactive Entertainment. AskCyborg classifies Shenzhen Zqgame Co., Ltd under Online Gaming / Interactive Entertainment in its company registry.

Shenzhen Zqgame is a Chinese online gaming company that develops, operates, and distributes MMO games, mobile games, and social games across PC, mobile, and browser platforms. Founded in 2003 and listed on the Shenzhe...

5/ 10Mixed

Cyborg Score thesis

Established gaming company with strong IP portfolio and user base, but facing near-term profitability challenges in competitive...

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Industry Online Gaming / Interactive Entertainment
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: October 19, 2026
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Shenzhen Zqgame Co., Ltd OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Shenzhen Zqgame Co., Ltd Overview

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Shenzhen Zqgame is a Chinese online gaming company that develops, operates, and distributes MMO games, mobile games, and social games across PC, mobile, and browser platforms. Founded in 2003 and listed on the Shenzhen Stock Exchange in 2010, the company has established itself as the first native Chinese online gaming company to go public on a Chinese exchange.

Strategic Profile

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Zqgame maintains a diversified portfolio spanning large-scale client games and mobile titles, with growing international presence through its US-based subsidiary ZQGame Global. The company has expanded beyond domestic markets into Southeast Asia and Europe, generating substantial revenue from a growing active user base while maintaining strong operational efficiency with reported profit margins exceeding 20%.

Competitive Landscape

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Zqgame competes in the crowded Chinese and international online gaming market against major players like Tencent, NetEase, and Netherfire. The company differentiates through its MMO game expertise and established browser-based gaming presence, but faces pressure from mobile-first competitors and stringent Chinese gaming regulations affecting the entire sector.

Industry Context

Shenzhen Zqgame Co., Ltd operates in Online Gaming / Interactive Entertainment.

Key facts

Founded: 2003 · Headquarters: Shenzhen, China · Employees: 368 · Revenue: ¥900 million (2022)

What the AI analysts debated

AI-generated and not independently verified: selected findings from the multi-agent debate on Shenzhen Zqgame Co., Ltd.

  • Pioneer position as first native Chinese online gaming company to go public (2010) on Chinese exchange
  • Diversified revenue streams across client games, mobile, and social games with 30+ titles in portfolio
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Recent developments

Material events tracked by the AskCyborg corpus.

  • 2022Revenue reached ¥900 million with 100+ million active users and 22% profit margins
  • 2025Stock price at 10.30 CNY with -27.21% year-over-year decline
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Named competitors

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Industry context

Shenzhen Zqgame Co., Ltd operates in Online Gaming / Interactive Entertainment. See how the rest of the sector scores on the Cyborg framework.

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AI-generated research summary based on public sources; it may contain errors or omissions. Not investment advice. Not reviewed or endorsed by the companies covered. Report an error: legal@askcyborg.com · Terms of Service

Frequently asked questions

What does Shenzhen Zqgame Co., Ltd do?+
Shenzhen Zqgame is a Chinese online gaming company that develops, operates, and distributes MMO games, mobile games, and social games across PC, mobile, and browser platforms. Founded in 2003 and listed on the Shenzhe...
What is Shenzhen Zqgame Co., Ltd's Cyborg Score?+
Shenzhen Zqgame Co., Ltd has a Cyborg Score of 5/10 (Mixed). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Shenzhen Zqgame Co., Ltd's main competitors?+
Named competitors include Honor of Kings / League of Legends Mobile, Diablo Immortal / Lost Ark, Social Casino Games. The full competitive landscape is in the AskCyborg report.
How can I get the full Shenzhen Zqgame Co., Ltd research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Shenzhen Zqgame Co., Ltd research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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