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

Supercell, Rovio, Zynga, Remedy, EA and more on board for One Special Day

More than 30 major mobile game developers raising money for charity by donating 100% of UK revenue for 24 hours

By Haydn Taylor

iOS 11 App Store changes aim to improve discoverability

New editorial content, developer search and more detailed product pages introduced with today's update

By James Batchelor

Latest comments

Sign in to contribute

Need an account? Register now.