巨人网络集团有限公司

What 巨人网络集团有限公司 does

Giant Network Group Co., Ltd. (002558.SZ) is a Shanghai-headquartered, Shenzhen Stock Exchange-listed Chinese game publisher and developer founded in 2004. The company operates a dual-track product strategy centered on (1) national-level MMO games, anchored by the 20+ year old 征途 (Zhengtu) franchise spanning PC, mobile, and nostalgic variants, and (2) casual competitive games led by 球球大作战 (Brawl Balls) and the 2025 breakout hit 超自然行动组 (Supernatural Action Squad / overseas: Tomb Busters), a multiplayer cooperative horror/treasure-hunting mobile game that surpassed 200 million registered users and 10 million DAU by Q1 2026. Additional titles include 太空杀 (Space Party), 名将杀 (Famous Generals Kill, co-designed with BANG! creator Emiliano Sciarra), 月圆之夜 (Night of the Full Moon), 帕斯卡契约 (Pascal's Wager), and the 仙侠世界 xianxia MMORPG series.

The company's underlying technology stack combines self-developed game engines with an explicit "Game+AI" R&D strategy formally elevated to a core business in 2024. Game distribution is freemium across iOS App Store, Android stores, and PC platforms; revenue is generated via in-app purchases (skins, items, gameplay enhancements). In parallel with core gaming, Giant Network has emerged as a notable strategic investor in China's AI infrastructure stack, participating in billion-RMB rounds in Silicon Flow (LLM inference, June 2026), Guanglun Intelligence (physical AI data infrastructure, June 2026), and VAST/Tripo (AI 3D and general world models, July 2026). It is pursuing international expansion via the multi-platform launch of Tomb Busters in Japan, Korea, and the US in May 2026.

Name

巨人网络集团有限公司

Legal name

巨人网络集团有限公司

Website

https://ztgame.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

251–500 employees

Short description

Giant Network (002558.SZ) is a Chinese A-share-listed game developer and publisher operating the 20+ year 征途 MMO franchise and casual competitive hits including 球球大作战 and 2025's breakout 超自然行动组, while also strategically investing in AI infrastructure.

Ownership category

akta.pro rank

Product category

Mobile and Online Video Games

NAICS

Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (516210)

SIC

Retail-Hobby, Toy & Game Shops (5945)

akta.pro primary industry

PC Digital Game Stores & Launchers (MPAFACAA)

akta.pro secondary industry

Creator Economy & Monetization Tools for UGC (tips, subs, rev share, payouts) (MPAFAIAI)

Keywords

• Mobile game development
• MMORPG games
• Casual competitive games
• Strategy card games
• Free-to-play games

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Mobile Game In-App Purchases: Free-to-play mobile games generate revenue through in-app purchases (IAP), including items, skins, and gameplay enhancements. The company reported H1 2026 net profit of 20-22 billion RMB, with 超自然行动组 as the primary revenue driver.
2. PC Game Revenue: PC games under the 征途 franchise operate on free-to-play with in-game purchases model, serving as stable long-term revenue generators with multiple product iterations.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Giant Network is a publicly listed Chinese video game developer and publisher that self-develops and operates mobile and PC games across multiple genres including MMORPG (Zhengtu series), casual competitive (Battle of Balls, Supernatural Action Squad), strategy card (Famous Generals Kill, Night of the Full Moon), and action RPG (Pascal's Wager). The company operates a free-to-play business model with revenue generated through in-app purchases, serving a portfolio of national-level IPs covering over 1 billion users across China and select overseas markets including Japan, Korea, and the United States.

Product overview

巨人网络 is an A-share listed game company (002558.SZ) operating a multi-product portfolio centered on two core tracks: national-level MMO games (Zhengtu series) and casual competitive games. The Zhengtu franchise spans PC and mobile versions including 征途, 征途2, 绿色征途, 征途怀旧, 原始征途, 王者征途, 征途2手游, 绿色征途手游, with newer IP extensions 征途经典版 and 征途2归来. The casual competitive track features flagship product 球球大作战 alongside 超自然行动组 (2025 breakout hit) and 太空杀. Additional products include strategy games (名将杀, 月圆之夜), action RPGs (帕斯卡契约, 艾尔之光), xianxia MMORPGs (仙侠世界, 仙侠世界2), and other titles. The company serves over 1 billion users across its portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• 超自然行动组 (Chaoziran): Multiplayer cooperative adventure mobile game, positioned as 'most joyful multiplayer team horror game'. As of Q1 2026, cumulative registered users exceeded 200 million, DAU exceeded 10 million.
• 征途系列
• 球球大作战 (Battle of Balls)
• 太空杀 (Space Party)
• 月圆之夜 (Night of the Full Moon)
• 名将杀 (Famous Generals Kill)
• 帕斯卡契约 (Pascal's Wager)

Products and services

• 超自然行动组 (Supernatural Action Squad / Tomb Busters) Multiplayer cooperative adventure mobile game with horror/treasure-hunting theme, targeting younger audiences (led by post-95s production team). Free-to-play with in-app purchases.
• 原始征途 (Original Zhengtu) Mobile MMO game in the Zhengtu national-war series; strategic new product launched on all platforms.
• 王者征途 (King Zhengtu) Mobile MMO game in the Zhengtu series.
• 球球大作战 (Battle of Balls / Ball Battle) Casual competitive mobile game with battle royale mechanics; national-level product with hundreds of millions of players.
• 太空杀 (Space Party / Space Kill / Super Sus) Space werewolf-killer themed mobile game; first game in its genre to receive a game license in China.
• 名将杀 (Famous Generals Kill) Strategy card mobile game integrating policy gameplay with historical Chinese culture, featuring a 16-role identity system and three-card equipment mechanics; designed by BANG! creator Emiliano Sciarra. Operates under 'fair play, no pay-to-win' model.
• 月圆之夜 (Night of the Full Moon) Card strategy mobile game featuring historical generals and cultural elements.
• 征途 (Zhengtu) First self-developed MMORPG PC game; foundational product of the Zhengtu series. Peak concurrent users reached 2.1 million.
• 征途2 (Zhengtu 2) PC MMO sequel launched in 2011, pioneering the third-generation online gaming business model.
• 征途2手游 (Zhengtu 2 Mobile) Mobile adaptation of the Zhengtu 2 MMORPG franchise.
• 五千年 (Five Thousand Years) Historical strategy game product.
• 艾尔之光 (Elsword) 2.5D action MMORPG game.
• 绿色征途手游 (Green Zhengtu Mobile) Mobile version of the Green Zhengtu series MMO franchise.
• 帕斯卡契约 (Pascal's Wager) Next-gen action RPG mobile/console game; first Chinese game team to be showcased at Apple's autumn launch event.
• 绿色征途 (Green Zhengtu) PC version in the Green Zhengtu series MMO franchise.
• 征途怀旧 (Zhengtu Nostalgic / Zhengtu Classic) Nostalgic version of the original Zhengtu PC game, serving long-term loyal MMO players.
• 仙侠世界 (Xianxia World) Xianxia (immortal martial arts) themed MMORPG launched in 2013 with global promotion strategy.
• 仙侠世界2 (Xianxia World 2) Sequel to the Xianxia World MMORPG; Xianxia (immortal martial arts) themed online game.
• 巨人 (Giant) Original PC game product from Giant Network's founding era.

Quantifiable outcome

• 超自然行动组 reached 1 million peak concurrent users and 10 million DAU within a short period after launch
• +2 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature1 record

Partnerships

Two partnerships are on record, tiered minor.

• 陈应鸿minorStrategic or Co-development Partner · 1 July 2026National intangible cultural heritage representative inheritor of Quanzhou marionette puppetry, collaborated with Giant Network on the 名将杀 game to create the '傀儡子' character, integrating traditional marionette art into the game's design and aesthetics.
• 杨云霞minorStrategic or Co-development Partner · 1 November 2025Seventh-generation inheritor of Nuo mask carving from Yanhe Tujia Autonomous County, collaborated with 超自然行动组 to create Nuo opera crossover costumes, bringing intangible cultural heritage skills to younger audiences through digitalization.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Kingsoft (Seasun): Hong Kong-listed Chinese game developer (3888.HK) operating Seasun studio behind Sword of Legends franchise. Comparable as a Chinese self-developed MMORPG and casual game publisher with cross-platform presence.
• FunPlus: Chinese mobile game developer known for King of Avalon and State of Survival. Directly comparable as a mobile-first Chinese developer with strong overseas presence, similar in scale to Giant Network with freemium IAP monetization.
• 37 Interactive Entertainment: A-share listed Chinese mobile game developer (002555.SZ) with similar emphasis on casual and strategy mobile games. Closest direct competitor as fellow Shenzhen-listed gaming company with comparable target audience.
• Lilith Games: Chinese mobile game developer behind AFK Arena and Rise of Kingdoms. Comparable as a mobile-focused Chinese game studio with global distribution and similar freemium casual/strategy game positioning.
• Perfect World: Chinese game developer/publisher (PWRD) with comparable portfolio including MMORPGs and action games (Tower of Fantasy). Directly competes in Chinese PC and mobile game markets with similar freemium model.
• miHoYo / HoYoverse: Leading Chinese game developer behind Genshin Impact and Honkai: Star Rail. Comparable as a major Chinese mobile/PC game developer publishing globally successful premium self-developed titles with similar freemium IAP monetization.
• NetEase: Major Chinese game developer/publisher (NTES) with comparable MMORPG (Fantasy Westward Journey) and casual competitive titles. Both companies focus on self-developed premium mobile and PC games targeting Chinese mass-market gamers with freemium models.

Emerging players

• Shanda Games: Historic Chinese gaming company originally founded by Giant Network's founder Shi Yuzhu. Comparable as a former leading Chinese game developer with shared origins and similar game portfolio approach, though now operating independently.

Regional players

• Nexon: Japanese/Korean game developer (NXE) with comparable mobile and PC gaming portfolio across Asia. Comparable as a free-to-play game publisher with major franchise IP (MapleStory, KartRider), focused on Asian markets rather than direct Chinese competition.

Broad incumbents

• Tencent Holdings: Largest Chinese gaming conglomerate with stakes in Riot Games, Supercell, and Epic Games plus internal studios. Operates as a broad incumbent across all gaming subcategories versus Giant Network's focused MMORPG and casual competitive focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/%E5%B7%A8%E4%BA%BA%E7%BD%91%E7%BB%9C%E9%9B%86%E5%9B%A2%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 巨人网络集团有限公司