China's FunPlus pursues global ambition
Venture Capitalists have bet big on China's gaming industry. According to AVCJ Research, investment reached a record high of $1.6 billion last year, a massive jump on the $127 million committed in 2012. Barely three months into 2014 and gaming deals have notched up $644 million, so the record may well be broken again.
FunPlus Game is the latest beneficiary of this trend, receiving a relatively large $74 million round of funding last week, led by Orchid Asia. Steamboat Ventures and existing investor GSR Ventures also...
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