Shenzhen Bingchuan Network Co., Ltd. Overview
Pro stress-test →Shenzhen Bingchuan Network is a Chinese online gaming company that develops and operates PC and mobile games, with titles including Super World, Expedition 2, and Guigu Dragon Martial Arts. The company generates approximately $372M in annual revenue (TTM) and operates with a diversified business model spanning game development, technology consulting, animation design, and IT services.
Strategic Profile
Pro stress-test →Bingchuan positions itself as an integrated game developer with both legacy PC online games and emerging mobile game portfolio, supported by ancillary tech services and strategic investments. The company maintains a strong gross margin of 93.46% (TTM) indicating efficient game monetization, though facing competitive pressures in the volatile Chinese gaming sector with recent revenue declining from HK$3.06B (2023) to HK$3.00B (2024).
Competitive Landscape
Pro stress-test →Bingchuan operates in the crowded Chinese online gaming market competing against major players like Tencent, NetEase, and Perfect World. The company differentiates through long-running PC games (Expedition, Dragon Warrior) and emerging mobile titles, leveraging a passionate player base but facing intense competition for user acquisition and retention in a market where top publishers dominate.
Industry Context
Shenzhen Bingchuan Network Co., Ltd. operates in Online Gaming & Digital Entertainment.
Key facts
Founded: 2008 · Headquarters: Shenzhen, China · Employees: 1,952 · Revenue: $372M · Market cap: $1.1-1.3B