Archosaur Games

About Archosaur Games

Archosaur Games (Zulong Entertainment) is a Chinese mobile game developer with a significant history in the country's gaming industry. The company's origins trace back to the Zulong Studio, established in 1997. The current iteration of the company was founded in 2014 by Li Qing, who also serves as Chairman and CEO. Li has an extensive background in game development, having previously served as Chief Design Officer at Perfect World Co., Ltd. and e-Pie Entertainment & Technology Corp. This experience in the gaming sector has been foundational to the company's direction. Archosaur Games was separated from Perfect World in 2014, shifting its focus heavily towards mobile game development.

The company operates primarily as a developer and publisher of mobile games, targeting both the domestic Chinese market and international audiences. Its business model focuses on a free-to-play structure, where revenue is generated through in-app purchases for virtual items and integrated game publishing and operation services. The firm has a diverse portfolio but specializes in Massively Multiplayer Online Role-Playing Games (MMORPGs), a genre with a high market share and growth potential in China. Beyond MMORPGs, Archosaur develops games across various genres including Simulation Life Games (SLG), female-oriented, and strategy card games. For the fiscal year ending December 31, 2023, the company reported revenue of approximately CNY 908.5 million.

Archosaur Games has launched a number of titles, including "Dragon Raja," "Loong Craft," "Fantasy Zhuxian," and "Life Makeover". A key technical differentiator is its extensive use of Unreal Engine, with "Dragon Raja" being one of China's first mobile MMORPGs powered by Unreal Engine 4. This commitment to high-end graphics and technology is a core part of its strategy, and the company is actively developing new titles using Unreal Engine 5. As of the end of 2023, Archosaur had launched 20 mobile games available in over 170 regional markets and 14 languages. The company went public with an IPO on the Hong Kong Stock Exchange on July 15, 2020, raising approximately HKD 2.17 billion to fund new game development, publishing operations, and potential acquisitions.