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Ragnarok: Rebirth was Officially Launched in China on December 25, 2025

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GRAVITY (NasdaqGM: GRVY) announced that Ragnarok: Rebirth (仙境传说:重生), a 3D MMORPG mobile game, was officially launched in China on December 25, 2025. The release follows the game's receipt of an ISBN code in December 2024 and builds on prior regional success.

Ragnarok: Rebirth is published in China by Guangzhou Lingxi Interactive Entertainment and is available on the Apple App Store and TapTap. The title previously ranked #1 in free downloads on Apple App Store in Thailand, Philippines, Indonesia and Malaysia, and placed in top grossing charts in Macau.

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Positive

  • China launch completed on December 25, 2025
  • Official ISBN code received in December 2024
  • #1 free download on Apple App Store in Thailand, Philippines, Indonesia, Malaysia
  • Top grossing placements in Macau on Apple App Store and Google Play

Negative

  • None.

News Market Reaction 1 Alert

+1.32% News Effect

On the day this news was published, GRVY gained 1.32%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

China launch date December 25, 2025 Official launch date of Ragnarok: Rebirth in China
ISBN code date December 2024 Chinese government ISBN code approval for Ragnarok: Rebirth
Operating regions 91 regions Ragnarok Online commercial availability worldwide
Apple App Store rank 1st free download Ragnarok: Rebirth in Thailand, Philippines, Indonesia, Malaysia
Google Play rank 2nd free download Ragnarok: Rebirth in Thailand
Apple App Store grossing 2nd top grossing Ragnarok: Rebirth in Macau
Google Play grossing 5th top grossing Ragnarok: Rebirth in Macau
IR phone +82-2-2132-7801 Gravity IR contact telephone

Market Reality Check

$57.91 Last Close
Volume Volume 10,934 is 0.65x the 20-day average of 16,786 ahead of this launch news. low
Technical Price 56.95 was trading below the 200-day MA of 61.29 and 18.64% under the 52-week high of 70.

Peers on Argus

GRVY was up 1.24% pre-news while key gaming peers showed mixed moves: PLTK +1.75%, SOHU +1.03%, GDEV +0.41%, versus DDI -1.42% and GCL -0.9%, pointing to stock-specific rather than sector-wide momentum.

Historical Context

Date Event Sentiment Move Catalyst
Dec 19 Game launch update Positive +1.1% Launch of Ragnarok Online Landverse America under Gravity license with Web3 features.
Nov 19 Beta test announcement Positive -1.6% Closed Beta dates announced for Ragnarok Online Landverse America with Web3 elements.
Nov 17 Pre-registration start Positive -1.3% Pre-registration and pre-sale opened for Ragnarok Online Landverse America with play-to-earn.
Nov 07 Earnings and updates Neutral +1.5% Q3 2025 results with revenue growth YoY, profit mix, and pipeline of new titles.
Nov 03 Regional game launch Positive +0.6% Ragnarok: Twilight launch in Southeast Asia with strong store rankings and events.
Pattern Detected

Recent Ragnarok-related launches and updates have generally seen modest positive or mixed price reactions, with occasional divergences on pre-launch announcements.

Recent Company History

Over the last few months, Gravity has repeatedly expanded the Ragnarok franchise across regions and platforms. In Nov 2025, Q3 2025 results showed revenue of KRW 138,894M (US$98.9M) and cash of KRW 609,927M (US$434.2M), with a 1.46% positive price reaction. Multiple Ragnarok: Landverse America milestones on Nov 17, Nov 19, and the launch on Dec 18, 2025 produced small moves between about -1.55% and +1.08%. The new China launch for Ragnarok: Rebirth fits this pattern of steady IP rollout across markets.

Market Pulse Summary

This announcement highlights Gravity’s continued expansion of the Ragnarok IP, with Ragnarok: Rebirth officially launched in China on December 25, 2025 after prior success across Southeast Asia and Macau app store rankings. Recent history shows multiple Ragnarok launches and Q3 2025 revenue of KRW 138,894M supporting the franchise’s importance. Investors may focus on user engagement in China, future regional rollouts, and how these titles contribute to revenue and profit trends disclosed in upcoming filings.

Key Terms

mmorpg technical
"a 3D MMORPG Mobile game, was officially launched in China"
A massively multiplayer online role-playing game (MMORPG) is a persistent virtual world where large numbers of players interact, complete tasks, and develop characters over time, like a digital playground or long-running TV series you can join. Investors care because these games generate ongoing revenue through subscriptions, in-game purchases, or expansions and rely on player numbers and engagement—similar to a membership club—so retention and network effects drive long-term cash flow and growth potential.
isbn code regulatory
"The game has received an ISBN code by Chinese government in December 2024."
An ISBN code is a unique numeric identifier assigned to a specific edition and format of a book, similar to a serial number or barcode that distinguishes one title or version from another. For investors, ISBNs matter because they make sales, royalty and inventory data traceable to a particular product, helping quantify revenue streams, measure market reach and evaluate a publisher’s or book-related business’ performance and licensing potential.

AI-generated analysis. Not financial advice.

Seoul, South Korea, Dec. 26, 2025 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that Ragnarok: Rebirth (Chinese Title: 仙境传说:重生), a 3D MMORPG Mobile game, was officially launched in China on December 25, 2025.

Ragnarok: Rebirth retains the classic essence of Ragnarok Online while introducing 3D graphic,  screen convert system and features for integrated exchange system. The game has received an ISBN code by Chinese government in December 2024. The anticipation among users was raised during the pre-registration for its official launch. Ragnarok: Rebirth is published in China by Guangzhou Lingxi Interactive Entertainment Limited, a Chinese game developer and publisher. The game can be downloaded from Apple App Store and TapTap.

Ragnarok: Rebirth is gaining popularity by recording success in Southeast Asia, Taiwan, Hong Kong and Macau after its launch in 2024. It recorded first in free download of Apple App Store in Thailand, Philippines, Indonesia and Malaysia, second in free download of Google Play in Thailand, and second in top grossing of Apple App Store and fifth in top grossing of Google Play in Macau. 

Gravity stated, "We truly thank all users waiting for the official launch of Ragnarok: Rebirth. To celebrate the official launch, we have prepared various events and look forward to your interest.”

[Gravity Official Website]
http://www.gravity.co.kr

[Ragnarok: Rebirth Official Website]

https://ror.lingxigames.com/

[Ragnarok: Rebirth Apple App Store Download Page]

https://apps.apple.com/cn/app/id6748979765

[Ragnarok: Rebirth TapTap Download Page]

https://www.taptap.cn/app/739444

About GRAVITY Co., Ltd. ---------------------------------------------------

Gravity is a developer and publisher of online and mobile games. Gravity’s principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 regions. For more information about Gravity, please visit http://www.gravity.co.kr.

Contact:

Mr. Heung Gon Kim
Chief Financial Officer
Gravity Co., Ltd.
Email: kheung@gravity.co.kr

Ms. Jin Lee
Ms. Yujin Oh
IR Unit
Gravity Co., Ltd.
Email: ir@gravity.co.kr
Telephone: +82-2-2132-7801


FAQ

When did GRVY launch Ragnarok: Rebirth in China?

Ragnarok: Rebirth launched in China on December 25, 2025.

Where can players download Ragnarok: Rebirth in China (GRVY)?

The game is available for download on the Apple App Store and TapTap in China.

Who publishes Ragnarok: Rebirth in China (GRVY)?

Ragnarok: Rebirth is published in China by Guangzhou Lingxi Interactive Entertainment.

Did Ragnarok: Rebirth receive regulatory registration before the China launch (GRVY)?

Yes — the game received an ISBN code in December 2024.

How did Ragnarok: Rebirth perform in other markets before the China release (GRVY)?

Before China launch, it ranked #1 free download on Apple App Store in Thailand, Philippines, Indonesia and Malaysia and achieved top grossing ranks in Macau.
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