[2] Originally a division of Chinese Internet company Sohu, Changyou was spun off and went public in 2009 through a variable interest entity (VIE) structure based in the Cayman Islands.

[4] Some of its games derive revenue from the sale of virtual goods,[5] and many are licensed rather than developed in-house.

[6] Such deals have helped its roster of MMORPGs swell from two in 2009[7] to nearly a dozen as of 2014.

[8] c. 2009, its most popular game may have been the MMO Tian Long Ba Bu (Chinese: 天龙八部),[9] which translated means "Novel of Eight Demigods".

[4] Some games in its portfolio are available to play outside of China in countries including Malaysia, Taiwan, Thailand, the United States,[10] and Vietnam.