


Changyou is a leading developer and operator of online games in China, boasting a diverse portfolio of popular titles. Its flagship title, Tian Long Ba Bu (“TLBB”) PC, launched in 2007, has garnered approximately 300 million registered users and remains widely popular among players to this day. In May 2017, Legacy TLBB Mobile, developed by the original TLBB PC team, was released. The game successfully re-engaged many former TLBB PC players and set a new record at the time for monthly gross billings among MMORPGs in China. More recently, Changyou has launched several well-received titles, such as TLBB Honor, Little Raccoon: Heroes and New Westward Journey (released internationally as Journey Renewed: Fate Fantasy).
Changyou has an advanced technology platform that includes advanced 2.5D and 3D graphics engines, a uniform game development platform, effective anti-cheating and anti-hacking technologies, proprietary cross-networking technology, and advanced data protection technology.
Changyou will continue to execute its "Top Games" strategy and remain committed to a user-centric philosophy. While maintaining its core competitiveness on MMORPGs, it is also actively expanding its portfolio with diverse game genres and strengthening its presence in international markets.
Additionally, Changyou also owns and operates the 17173.com website, a leading game information portal in China that provides news, electronic forums, online videos, and other game information services to game players.