Chinese game platform Reworld raises $42m Series B

Reworld raised a RMB100 million Series A in 2019. Joy led that round with participation from Northern Light Venture Capital and ZhenFund.

The company was founded in 2018 by Shanhu Xing, who previously founded software provider Kingsoft and game makers Qilin and Locojoy. It now has a staff of more than 100.

The platform is divided into two businesses, including a suite of tools that allow users to create games with a high degree of freedom and a social media service that allows them to communicate with each other.

The fresh capital will be used to improve services in training and technical support, as well as offer subsidies and bonuses to users. The platform will also seek to strengthen its overseas presence so as to build a global creator ecosystem.

Reworld claims that by allowing players to become creators, it can democratize the game design industry and disrupt the process for incubating popular games. This vision is said to be supported by several schools and technician colleges collaborating with the company.

According to the China Audio-Video and Digital Publishing Association, annual game sales revenue in the country came to RMB231 billion last year, a 7.7% increase on 2018.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Greater China
• Consumer
• Early-stage
• China
• Joy Capital