Chinese, Korean online game companies - Q1 2005 performances

Q1 2005 was a tough quarter for pure-play online gaming stocks. If the trend continues, Kingsoft might want to re-consider its IPO plans. See here:

• Korean online game developer and distributor, Webzen (ticker: WZEN) in pink.
• Korean online game developer and distributor, Gravity (ticker: GRVY) in blue.
• Chinese online game developer and operator, The9 (ticker: NCTY) in orange.
• Chinese online game developer and operator, Shanda Interactive (ticker: SNDA) in green.

Q1 2005 stock market performance:

For those interested in a comparison with Netease (ticker: NTES), which derives a majority of revenue from online games, but is not considered a pure-play online gaming company, take a look below. Netease in red.