IDG leads Series A for Chinese online game developer Ejoy
IDG Capital Partners has led in a Series A round of funding for Ejoy, a Chinese online gaming developer formed by former executives at NetEase Group. Financial terms were not disclosed but this latest investment brings the total capital raised by Ejoy to a reported RMB100 million ($16 million).
The two-year-old company, which also operates an online gaming business, will use the new funds to develop 3D online games. Last week, NetEase Capital, an investment arm of NetEase Group, invested in...
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