Fund focus: CDIB’s differentiated middle-market play
It was 2008 and CDIB Capital, the PE arm of Taiwan’s China Development Financial (CDF), had been looking at potential investments in the online gaming space. However, most of the companies it found were overvalued or deemed too risky because their livelihoods depended on a single game.
A solution came in the form of WeMade Entertainment. Based in Korea, it was the largest developer for Shanda Games, China's top online games publisher. CDIB took an 80% stake, saw revenue increase by more...
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