Sections

$50M funding for Chukong Technologies

Series D round led by New Horizon Capital

Chinese mobile entertainment company Chukong Technologies has secured $50 million in a series D funding round led by New Horizon Capital.

The funds will be used to develop the company's publishing, development and engine divisions, adding considerable weight to a $12 million monthly revenue.

"With the proliferation of smartphones across China and countries worldwide, we see a significant opportunity not only to publish polished games and entertainment content but also to provide tools for developers to access emerging mobile platforms and overcome challenges caused by device fragmentation," said CEO Haozhi Chen. "There is a bigger play here than offering discrete mobile game experiences, and that's what we're going after."

As well as developing and publishing its own properties on mobile, Chukong also localises and publishes games from many major western mobile companies such as Gameloft, Disney and Konami.

Related stories

Nintendo disappointed by Super Mario Run revenues

However, company says it still prefers pay-once model to free-to-play formulas like the one used in Fire Emblem Heroes

By Brendan Sinclair

"We are 'all in' on this experience. This is not a portfolio strategy"

Kristian Segerstrale maps out the future of Vainglory and mobile eSports

By Dan Pearson

Latest comments

Sign in to contribute

Need an account? Register now.