HELSINKI, Sept. 6, 2018 /PRNewswire/KOREA IT TIMES -- Ministry of Games, a mobile developer based in Helsinki, has signed a deal with Chinese mobile internet giant Cheetah Mobile (NYSE: CMCM) to publish their mobile MMO game Trade Town globally. Trade Town allows players to build their own medieval city, trade with guild mates and set sail to faraway islands.
Trade Town was released to bidding among top publishers in Spring 2018. Cheetah Mobile ultimately beat multiple publishers to win the deal due to their collaborative approach to development, track record of globally successful games and substantial war chest.
"Cheetah Mobile has proven itself a global hit maker with a strong mobile vision. With their great experience in the gaming industry and billions of downloads for their games, Cheetah Mobile has proven invaluable to us and Trade Town," said Teppo Soininen, CEO of Ministry of Games.
"We are very excited to bring Trade Town to the masses. We believe that Cheetah Mobile and Ministry have just the right ingredients needed to push the town builder genre to the next level," said Keith Huan, Director of Cheetah Mobile.
Scheduled for a spring 2019 release, Trade Town brings the town builder genre to the 2020s with engaging social gameplay, improved trading mechanics and stunning visuals. Early metrics are strong, with players spending an average of 55 minutes with the game each day, interacting socially every 40 seconds on average.
Since raising a seed round from Initial Capital, Index Ventures, Sunstone Capital and Proxy Ventures in 2014, Ministry has kept a purposefully low profile, focusing on developing an excellent game before coming out of stealth. Trade Town is Ministry's second game, reflecting the company's ruthless approach to launching only top tier games. Ministry's first funding round was oversubscribed over 3 times, and the company expects to launch an even more contested growth funding round in 2019.
About Cheetah Mobile
Cheetah Mobile is a leading mobile internet company with strong global vision. It has attracted hundreds of millions of monthly active users through its mobile utilities products such as Clean Master and Cheetah Keyboard, casual games such as Piano Tiles 2, and its live streaming product Live.me. The Company provides its advertising customers, which include direct advertisers and mobile advertising networks through which advertisers place their advertisements, with direct access to highly targeted mobile users and global promotional channels. Cheetah Mobile is committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.
For more information about Cheetah Mobile and its products, please visit www.cmcm.com
About Ministry of Games
Ministry of Games is a Helsinki based mobile game studio founded in 2014. The company is currently developing a mobile MMO game called Trade Town. Ministry's core team has a strong background in games and technology from companies such as NVIDIA, Google, Ubisoft, Nordeus, Umbra Software and Digital Chocolate
