GigaMedia Ltd was incorporated in Singapore in September 1999. The Company is a diversified growth company with online game operations in Taiwan, Hong Kong and Macau and a cloud computing software and services business based in Taipei. In February 2000, Company completed its initial public offering. In online games, Company owns 100 percent of and operates FunTown, an online game portal in Taiwan and Hong Kong. FunTown is focused on the high-growth mobile and browser-based casual games market in Asia. Company also owns a majority interest in FingerRockz, a Taiwan-based developer and publisher of mobile games and apps. In cloud computing, Company owns 100 percent of and operate GigaCloud, a provider of cloud computing solutions and related services focused on the emerging cloud services market for SMEs in Greater China. Its portfolio of online games includes predominantly PC-based, non-cash gambling or casino casual games, including MahJong and various card and table games. Its competitors include Shanda, Giant, Changyou, Nineyou, Tencent, Perfect World, Kingsoft and Ourgames.com.