While Rovio has expanded the hugely successful
Angry Birds brand into merchandising and licensing business, it
has struggled to produce more hit games and recently cut about
110 jobs, representing 14 percent of its workforce.
"Angry Birds has been downloaded close to half a billion times
in China," Rovio Chief Executive Pekka Rantala said.
"China is a massively important market and the mobile games
industry is growing at a very significant pace."
Chinese games company Kunlun's share price has more than doubled
since the business listed on the Shenzhen stock market last
month.
(Reporting By Jussi Rosendahl; Editing by Liisa Tuhkanen)
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