NQ Mobile Inc (NYSE:NQ), the Chinese mobile internet services company, announced that its subsidiary, FL Mobile signed an agreement with Ubisoft Entertainment SA (EPA:UBI), a French video game developer and publisher for new game operations.
Exclusive operator of Rabbids Big Bang in China
Under the partnership agreement, FL Mobile will exclusively operate Rabbids Big Bang, one of the most popular and highly rated games of Ubisoft Entertainment SA (EPA:UBI) on Android in China. The game is available for download in the Google Play Store and iTunes app store.
In a statement, Dr. Tony Ni, president of FL Mobile said the company’s partnership with Ubisoft Entertainment SA (EPA:UBI) demonstrates its commitment in the continuous expansion of its platform with new and compelling offerings.
“We look forward to working with Ubisoft in the future to license additional games in China and around the world to feed the growing demand for mobile platform gaming,” said Ni.
On the other hand, Ubisoft Mobile Asia Business & Marketing Director, Aurelien Palasse said Rabbids Big Bang is a unique physics-based game for mobile, and players can pilot it with a tip of a finger. She explained that Ubisoft Entertainment SA (EPA:UBI) partnered with FL Mobile because it is one of the top mobile game publishers in China and it could help boost the popularity of its brand in the country. The French video game developer and publisher aims to bring the mobile game to all Chinese users.
Vote of confidence
NQ Mobile Inc (NYSE:NQ) was under scrutiny primarily due to the allegations of Muddy Waters, a short-selling firm that its accounting practices are inappropriate. NQ Mobile denies the allegations. Despite the controversy, Morgan Stanley (NYSE:MS) showed its vote of confidence by acquiring 7.9 million shares or 5% stake in the Chine mobile internet service company.
Closer examination of books
Muddy Waters recently urged PriceWaterhouseCooper, the auditor hired by NQ Mobile Inc (NYSE:NQ) to demand to the company to be allowed to take a closer examination of its books. The short seller maintained its conviction that NQ Mobile is a massive fraud, and suggested that if it feels that the PriceWaterhouseCooper brand is worth preserving, it should consider resigning as auditor if NQ Mobile does not a allow a thorough examination of its books.
