Tencent Tech, 8/11/11
An industry source has revealed that Chinese telecom equipment and terminal manufacturer Huawei Technologies recently finalized its investment of several hundred mln RMB in Beijing-based online game developer and operator Kunlun Wanwei. The two firms will now work together in forging an overseas strategy.
A source within Kunlun Wanwei said that the company is currently making preparations to IPO next year, and that the Huawei funding represents a major step toward Kunlun Wanwei's goal of entering the global market. Both companies declined to comment on the deal.
Editor' Note: According to Chinese news portal iFeng, Huawei may not only be able to provide Kunlun Wanwei with capital investment, but can also serve as a channel for pre-installing Kunlun Wanwei properties, such as its mobile gaming portal 1mobile.cn, on Huawei devices.