Marbridge Daily

<- December 21, 2010 ->

The9 Launches USD 100 Mln Mobile Internet VC Fund

Sina Tech, 12/21/10

Shanghai-based online game developer and operator The9 (Nasdaq: NCTY), along with VC firms ChinaRock, Chengwei Ventures, and China Renaissance K2 Ventures, today announced the joint establishment of a USD 100 mln mobile internet domestic and overseas investment fund called Fund9.

The9 also launched the localized China version of its licensed mobile SNS platform OpenFeint today, which will officially launch in March 2011. The Chinese edition of OpenFeint will first be available for Android, followed by iOS and other smartphone platforms.

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