Perfect World Co., Ltd. () is a Chinese mass media company based in Beijing. It was founded in 2004 by Chi Yufeng. The company consists of two business segments: Perfect World Games, a video game publisher, and Perfect World Pictures, a film production company. Perfect World is the exclusive distributor of Valve's games Dota 2 and Counter-Strike: Global Offensive in China. History Perfect World was founded in 2004 by Chi Yufeng. A 1994 graduate of Tsinghua University, Chi had founded Beijing Hongen Education and Technology in 1996, which sold educational software to teach Chinese consumers how to use personal computers and learn English. He established Perfect World, then also known as Perfect World Games, as a developer and publisher of online multiplayer video games. The company became listed on the Nasdaq stock exchange in 2007. In 2008, Chi founded the film production company Perfect World Pictures. After Perfect World Games was delisted from Nasdaq in 2015, it was merged with Perfect World Pictures, which was traded on the Shenzhen Stock Exchange, in 2016. The combined company was renamed Perfect World. Perfect World Investment & Holding Group (), a holding company founded by Chi on 14 August 2013, owns a controlling interest in Perfect World. Perfect World bought the developer Cryptic Studios from Atari, SA in May 2011 for . The transaction was completed by August that year. Perfect World Entertainment was Perfect World's North American video game subsidiary. It was established in June 2008. Perfect World sold Perfect World Entertainment and Cryptic Studios to Embracer Group. Both Studios are under Gearbox as of 2021. Subsidiaries Perfect World Europe Perfect World Europe B.V. is Perfect World's European video game subsidiary. It was established in early 2010 in Amsterdam. Gabriel Hacker was appointed as Perfect World Europe's general manager in May 2012. In early 2020, a large portion of the company's staff was laid off, leaving only the finance, customer support, and localisation departments. Runic Games Runic Games was a developer founded in 2008 and based in Seattle. Perfect World acquired a controlling interest in the studio in May 2010 for . On 3 November 2017, Perfect World shut down Runic Games, citing the publisher's focus on games as a service. Collaborations with Valve On 25 February 2016, Perfect World hosted Dota 2s Shanghai Major. While the tournament itself was well received in regards to the player performances, the event garnered criticism