Perfect World Co. Ltd. (NASDAQ:PWRD)

Perfect World Co., Ltd. is a leading online game developer and operator in China. Perfect World primarily develops three-dimensional (`3D`) online games based on the proprietary Angelica 3D game engine and game development platform. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games designed to cater to changing customer preferences and market trends in China. The Company's current roster of in- house developed 3D massively multiplayer online role playing games (''MMORPGs'') include ''Perfect World,'' ''Legend of Martial Arts,'' ''Perfect World II'' and ''Zhu Xian.'' The Company uses a time-based revenue model for ''Perfect World,'' and an item-based model for `Legend of Martial Arts,'' ''Perfect World II'' and ''Zhu Xian.'' While most revenues are generated in China, the Company's games have been licensed to leading game operators in eleven countries and regions.