GungHo's "Grasshopper Manufacturing" becomes "NetEase Games" by transferring shares

Grasshopper Manufacture, Inc. has announced that it will become a subsidiary of NetEase Games through a share transfer agreement dated May 31, 2021.
Grasshopper Manufacture was a consolidated subsidiary of Gungho Online Entertainment, Inc.

To GungHo, to Spin-off, and to NetEase

In 2013, Gungho acquired Grasshopper Manufacture Inc. and became part of the Gungho Group.
After becoming part of the Gungho Group, they jointly developed and released the global title "Let It Die.
In March 2018, the company spun off into two separate companies: Super Trick Games, Inc. to strengthen its own IP, and Grasshopper Manufacture, Inc. to develop its own games.

Grasshopper Manufacture has now made an offer to join NetEase, and a share transfer agreement has been signed, transferring the shares to NetEase Interactive Entertainment Pte. Ltd.

Super Trick Games Inc. will remain a member of the GungHo Group.

Reason for NetEase Games

NetEase Global

Mr. Goichi Suda, President and CEO of Grasshopper Manufacture, stated the reasons for the acquisition by NetEase Games as follows.

When we heard from NetEase Games that they wanted to work with us to create unique consumer games, we shared their values. We also felt that they understood our work, respected our creative freedom, and had a culture that valued the gamer community.
After much consideration, we came to the conclusion that by joining together, we would be able to deliver even more powerful creativity to everyone, and we decided to join NetEase Games.

Grasshopper Manufacture

He also stated that the company will maintain its originality in the planning and production of other games.

NetEase Games is a very reliable partner that understands and supports our strengths, and while they will primarily back us in terms of management and provide us with the necessary development funds to develop the game, we will keep the planning and production of the game our own. We will ensure the consistent "Grasshopper Manifacture taste" and game quality.

Grasshopper Manufacture

After joining NetEase Games, the company aims to deliver three game titles in the next 10 years.

What is NetEase Games?

NetEase Games

NetEase Games is the online gaming division of NetEase, Inc.
NetEase, Inc. is listed on NASDAQ and is involved in free email services, blogging, and portal site management, and was listed on the HKEx (Hong Kong Stock Exchange) in June 2020.

Its game business includes "KNIVES OUT," "Identity V: Fifth Personality," "Life After," and "NARAKA: BLADEPOINT.