Great news. What type fo license is it now, public domain ?
My company is from Hong Kong and it has publicly opened its license for our comic properties.
Have you some link to an official press release concerning the license of the given IP ?
Here is the link to an official press release but it's in Chinese http://www.culturecom.com.hk/images/newseng/2011-08-30%20Culturecom%20Holdings%20announces%20to%20develop%20the%20worlds%20first%20animation%20social%20network%20-%20Chinese%20Text%20Only.pdf
The license is freed for the public to use, meaning we will not charge or ask for a minimum guarantee upon usage. It is not a public domain license as the Company is retaining the rights to owning these titles still.
For example, if you made a Dragon Tiger Gate game the Company wouldn't ask for any payment using our IP's (unlike previously), but they would like to retain some rights of the game that was produced. If the game is going to be sold on the market then I believe the Company would be entitled to a small fraction of the cost as well. I hope that makes sense!
Please feel free to ask more questions.