Tencent's "One Line" by Fang Fang

On June 12th, Perfect World (Shanghai) Multimedia Technology Co., Ltd. and Perfect World Game Co., Ltd., which are wholly-owned subsidiaries of Perfect World Co., Ltd. (002624), and Valve Corporation of the United States jointly announced that they would cooperate in the existing cooperation. Based on the partnership, the cooperation of “STEAM China” project will be opened.

It is reported that the project is aimed at Chinese players, but the two sides did not announce the launch time of STEAM China.

Perfect World stated that since 2012, Perfect World and US Valve have respectively carried out the DOTA2 and subsequent CSGO's authorized operations and strategic cooperation in China. This strategic partnership will be further extended in STEAM China.

Perfect World CEO Xiao Yu said that the company will launch more game products through STEAM China to provide Chinese players and developers with high-quality content and superior experience and services.

It is reported that Perfect World and Valve of the United States stated that they will work closely together on the STEAM China project to promote its establishment, promotion, and game launch. STEAM's other existing operations and services are not affected.

According to public information, STEAM is one of the world's largest PC-based digital distribution platforms. Players can purchase, download, discuss, upload, and share game and game-related content. STEAM has provided more than 20,000 game products provided by developers to tens of millions of players worldwide, including more than 3,000 VR products based on STEAM VR technology.

The United States Valve was founded in 1996. Its well-known game products include "Half-Life," "Portal," "Counter Strike," and "Turret 2". Perfect World's products include "Zhu Xian" and "Perfect." World International Edition, The Legend of Martial Arts, The Swordsman, The Condor Heroes etc.